New Delhi, Oct. 3 -- Breakout stocks to buy or sell: Breaking an eight-day losing streak, Indian stock market benchmarks - the Sensex and Nifty 50 - closed higher on Wednesday, October 1, after the Reserve Bank of India (RBI) maintained the repo rate and policy stance while projecting a favorable growth-inflation outlook for the economy.

The Sensex rose 716 points, or 0.89 per cent, to finish at 80,983.31, while the Nifty 50 advanced 225 points, or 0.92 per cent, to end at 24,836.30.

The broader market also participated in the rally, with the BSE Midcap gaining 0.91 per cent and the Smallcap index climbing 1.16 per cent.

Sumeet Bagadia, Executive Director at Choice Broking, believes that Indian stock market sentiment has improved as th...