Global stocks hit record high, India takes breather; ICICI Bank falls 1.8%

Global stocks hit a record high again on Tuesday as the markets shrugged off concerns about rising inflation and looked ahead to US data later in the week that should offer a major clue to the health of the world's biggest economy.

The MSCI World Equity index rose  2.4 points, or 0.34 per cent, to 713.85, marking a new record high. 

Risk markets have eked out gains in recent weeks as traders balance optimism that some key markets are reopening after lockdowns with concern that rising inflation may prompt central banks to rein in stimulus programmes.

Nifty and Sensex slip

Indian shares' recent rally