New Delhi, Jan. 6 -- Breakout stocks to buy or sell: The Indian stock market closed in the red on Monday, January 5, despite supportive global signals, as investors engaged in profit-taking in select heavyweight stocks amid heightened geopolitical concerns following a US military strike on Venezuela and the capture of President Nicolas Maduro and his wife.

The Sensex declined 322 points, or 0.38%, to settle at 85,439.62, while the Nifty 50 slipped 78 points, or 0.30%, to close at 26,250.30. Broader markets fared better, with the BSE Midcap index edging up 0.05% and the Smallcap index gaining 0.07%.

The Nifty 50 opened on a strong positive note and registered a fresh all-time high of 26,373; however, it failed to sustain at higher levels...