New Delhi, Dec. 3 -- Breakout stocks to buy or sell: The Indian stock market fell for a second straight session on Tuesday, December 2, as investors booked profits at higher levels amid a weaker rupee and continued foreign fund outflows.

The BSE Sensex dropped 504 points (0.59%) to 85,138, while the Nifty 50 ended 144 points (0.55%) lower at 26,032. The total market capitalisation of BSE-listed firms shrank by Rs.1.82 lakh crore to Rs.472.59 lakh crore during the session.

Investor attention now turns to the Reserve Bank of India's three-day monetary policy meeting, which begins tomorrow, with the decision due on December 5.

Sumeet Bagadia, Executive Director at Choice Broking, believes that the Indian stock market sentiment is cautious...