New Delhi, Nov. 4 -- Breakout stocks to buy or sell: Benchmark indices - the Sensex and Nifty 50 - managed to close with modest gains amid mixed global signals, on Monday. The Sensex inched up 40 points to finish at 83,978.49, while the Nifty 50 advanced 41 points, or 0.16 per cent, to settle at 25,763.35. In contrast, broader markets outperformed, with the BSE Midcap index climbing 0.62 per cent and the Smallcap index rising 0.71 per cent.

The market is seeing stock-specific movements during the ongoing Q2 earnings season. So far, the September quarter results of India Inc. have mostly met expectations, leading to a range-bound market.

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