New Delhi, March 26 -- Despite lingering uncertainty amid conflicting reports on the US-Iran conflict and reported negotiations, global market sentiment has improved since Tuesday after US President Donald Trump claimed that Washington and Tehran are engaged in talks to end the West Asia conflict.

According to an AFP report, Trump on Wednesday said that Iran was taking part in peace talks, and its denials were because Iranian negotiators fear being killed by their own side.

Meanwhile, reports suggest Iran has turned down a 15-point ceasefire proposal from the US, and instead outlined five counter-conditions, which include control over the Strait of Hormuz and war damages compensation.

Stock markets, however, have taken note of the dipl...