investors will look for more secure assets,” he said.
Global stock markets shrug US crisis; Sensex gains 137 points
Stock markets worldwide climbed on Tuesday while safe-haven gold and Treasury bonds fell as investors largely shrugged off the first partial shutdown of the US government on bets that it would be short-lived.
MSCI’s world equity index, which tracks shares in 45 countries, rose 0.6 per cent to 384.45. The Dow Jones Industrial average gained 62.23 points to 15,191.90.
Meanwhile, in India, the benchmark BSE Sensex was up 137 points after current account deficit numbers came in better than expected.
The Nifty on the NSE rose 44.7 points, or 0.78 per cent, to 5,780.05. The SX40 index on the MCX Stock Exchange closed at 11,619.91, up 53.26 points.
Realty, bank, capital goods and auto sector stocks gained, while oil and gas and power shares fell.