New Delhi, May 20 -- The Indian stock market traded volatily in intraday trade on Wednesday, 20 May. Benchmarks- the Sensex and the Nifty 50, dropped by nearly 1% each during the session, staying on a bouncy track amid conflicting geopolitical signals and persisting uncertainties about the resolution to the West Asian conflict.

Hopes for a potential US-Iran peace agreement grew stronger and crude oil prices eased after US President Donald Trump signalled that war with Iran would end soon. On the other hand, the rupee's weakness and elevated global bond yields are keeping market sentiment cautious.

"Globally, stock markets are facing a headwind from rising bond yields. In the U.S., the 10-year yield is at 4.66% and the 30 - year yield ha...