New Delhi, Oct. 16 -- Breakout stocks to buy or sell: The Indian stock market saw broad-based buying across sectors on Wednesday, October 15, supported by upbeat global cues. The Sensex climbed 575 points, or 0.70 per cent, to close at 82,605.43, while the Nifty 50 advanced 178 points, or 0.73 per cent, to finish at 25,323.55. The BSE Midcap and Smallcap indices outperformed the benchmarks, gaining 1.07 per cent and 0.78 per cent, respectively.

Meanwhile, US Federal Reserve Chair Jerome Powell noted on Tuesday that although the overall economy remains resilient, the labor market shows signs of weakness-indicating the possibility of further rate cuts in October and potentially December.

Sumeet Bagadia, Executive Director at Choice Brokin...