New Delhi, Dec. 29 -- Breakout stocks to buy or sell: The Indian stock market closed the holiday-shortened week on a cautious note, with mild profit booking emerging near lifetime highs amid thin trading volumes and persistent FII outflows. Despite the marginal decline, the broader market structure remains constructive, underpinned by strong domestic institutional participation, resilient earnings expectations, and stable macroeconomic conditions.

Overall, the week reflected healthy consolidation at elevated levels rather than any signs of trend exhaustion, helping the market build a steady base as it approaches the transition into the new calendar year.

On Friday, the Nifty 50 closed lower at around 26,042, down nearly 0.4%, as profit&...