New Delhi, April 16 -- Domestic market benchmarks, the Sensex and the Nifty 50, witnessed high volatility in morning trade on Thursday, 16 April, reacting to news flows surrounding the US-Iran conflict.

While expectations of a final resolution of the conflict have risen after reports suggested both countries are returning to negotiations, hostilities between them remain elevated.

According to news agency AFP, Iranian official Mohsen Rezaei has warned that if US forces invade the West Asian country, it would attack US naval ships enforcing a blockade in the Strait of Hormuz.

After opening 154 points higher at 24,385, the Nifty 50 hit an intraday high and low of 24,401 and 24,198, respectively, during the session. Around 12 pm, the index...