By Shishir Prashant 
PrashantNews
The stocks markets throughout the world reacted cautiously after President Donald Trump said the US has started talks with Iran about a possible end to their war, a move that sent oil prices falling and stock markets rising.
The Indian stock markets also opened cautiously in the morning fluctuating in the green zone before jumping two percent in the afternoon. At around 1300 hours, the BSE was hovering around 74,175.51 points +1479.12 (+2.03 %).
However, the long-term scenario in the market was still hazy, analysts said. “We are advising caution at this stage,” said an analyst.
As Oil prices eased, stock prices rose on Wall Street following severe losses taken elsewhere in the world before Trump’s announcement. The price for a barrel of Brent crude fell 10.9 per cent to settle at USD 99.94, down from nearly USD 120 at one point last week, after Trump said the United States and Iran held productive talks the last two days “regarding a complete and total resolution of our hostilities in the Middle East.” The S&P 500 climbed 1.1 per cent for its best day since the war began.
Meanwhile, Iran launched multiple waves of missiles at Israel, the Israeli military said, after U.S. President Donald Trump postponed a threat to bomb the Islamic Republic’s power grid because of what he described as productive talks with Iranian officials. The missiles triggered air raid sirens in parts of Israel, including Tel Aviv, where blasts from interceptions were heard. In one attack, homes in northern Israel were damaged by falling debris following an interception. No deaths were reported.