New Delhi, April 2 -- Indian equity markets exhibited a cautious yet positive trend after US President Donald Trump indicated that the conflict involving Iran could see a scaling down over the next two to three weeks, raising hopes of easing geopolitical tensions.

The BSE Sensex and NSE Nifty both dropped over two per cent within minutes of the opening bell, erasing gains from the previous session's relief rally.

Market participants said Trump's remarks around reducing aggression and a possible withdrawal supported investor sentiment, though volatility persisted.

Geojit Financial Services Senior Vice-President Gaurang Shah told ANI on Thursday morning, before the opening of Indian markets, "I think the positivity in terms of what Presi...