Global stock markets set for the longest winning streak since 2003

But Indian indices slip from record highs in volatile session

Global stocks are in the midst of the longest run of gains since 2003 as optimism over the economic recovery sweeps across markets. This even as the Indian equity benchmarks — Sensex and Nifty — ended marginally lower on Tuesday as investors booked profits at higher levels amid a mixed trend in global markets.

The MSCI World Index has risen for 12 straight sessions; US equities were in the green in early trade. In Japan, the Nikkei 225 Stock Average extended its advance past the 30,000 level. European markets steadied after a rally on Monday.

The reflation trade is powering assets tied