New Delhi, April 3 -- Breakout stocks to buy or sell: After two consecutive days of losses, Nifty and Sensex rebounded sharply on April 2, fueled by a recovery in banking and IT stocks. The rally occurred just before the April 2 tariff deadline set by U.S. President Donald Trump, which the White House confirmed would take immediate effect.

The Sensex surged 593 points (0.78%) to close at 76,617.44, while the Nifty 50 gained 166.65 points (0.72%), ending at 23,332.35.

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

Speaking on the outlook of Indian stock market, Bagadia said, ...