Indices hover near day's high

The key indices were hovering near the day's high in mid-afternoon trade. At 14:21 IST, the barometer index, the S&P BSE Sensex, jumped 221.24 points or 0.45% to 49,490.56. The Nifty 50 index added 82.20 points or 0.57% to 14,566.95.