For Easter Sunday the Roman Missal describes two Masses: the Easter Vigil and “At the Mass during the Day”.
For the Mass during the Day the edition used in Australia, Scotland and Wales, and in Scotland has:
"72. … The Creed is said.
In Australia, England and Wales, and in Scotland: The Creed is said. However, in Easter Sunday Masses which are celebrated with a congregation, the rite of the renewal of baptismal promises may take place after the homily, according to the text used at the Easter Vigil (p. 418). In that case the Creed is omitted."
At the Easter Vigil there is a description of The Renewal of Baptismal Promises. There is the heading “The Renewal of Baptismal Promises” in the Roman Missal. Then paragraphs 55 to 58 come under this heading. It includes “56. The Priest sprinkles the people with the blessed water, while all sing: …”.
Some other things in the description include:
“55. … all stand, holding lighted candles in their hands, and renew the promise of baptismal faith …”
So for the Mass during the Day. Should all stand with lighted candles in their hands? Two answers seem reasonable to me: Yes, it is part of the “the rite of the renewal of baptismal promises … according to the text used at the Easter Vigil”. No, lighted candles held by the congregation are part of the Easter Vigil ceremony, not intended for Mass during the Day. The rubric is intended to provide an alternative to saying the Creed.
For the Mass during the Day, should it include the sprinkling? Two answers seem reasonable to me. Yes, it is part of the “the rite of the renewal of baptismal promises … according to the text used at the Easter Vigil”. No, for this Mass the sprinkling can replace the penitential rite. It would not make sense to have two sprinklings. The rubric is intended to provide an alternative to saying the Creed.