New Delhi, May 26 -- Market benchmarks- the Sensex and the Nifty 50- traded volatily in morning deals on Tuesday, 26 May, as investors remained cautious amid the recent developments in the Middle East and a jump in oil prices.

Oil prices jumped after US forces conducted strikes in southern Iran against targets, according to media reports. Brent Crude traded above the $98 per barrel after falling below $96 per barrel in the previous session.

The Nifty 50 hit an intraday high and low of 24,077 and 23,966, respectively, during the session.

Experts believe that if the Nifty 50 breaks below 23800, the consolidation phase may resume.

"We expect the Nifty index to extend the ongoing upward move toward 24,200 spot levels. A final peace deal b...