New Delhi, April 2 -- Breakout stocks to buy or sell: After closing the final trade of FY25 on a weak note, the Indian stock market faced renewed selling pressure on the first trading day of FY26. On April 1, the Nifty 50 dropped 1.50%, finishing at 23,165, while the Sensex declined 1.8%, closing at 76,024.

The market saw the steepest intraday decline for both indices since February 28 on Tuesday, when they fell nearly 2%. The sharp drop also pushed Nifty 50 and Sensex back to their levels from March 21.

Sumeet Bagadia, Executive Director at Choice Broking, believes that the Indian stock market sentiment has turned cautious as the Nifty 50 index is close to 50-DEMA support zone of 23,150 to 23,100 zone.

Speaking on the outlook of India...