New Delhi, Nov. 6 -- Breakout stocks to buy or sell: The Indian stock market closed sharply lower due to profit booking and weak global trends, on Tuesday, November 4.

The Sensex dropped 519 points or 0.62 per cent to close at 83,459.15, while the Nifty 50 declined 166 points or 0.64 per cent to 25,597.65. Among broader indices, the BSE Midcap fell 0.26 per cent, and the Smallcap index slipped 0.69 per cent.

Except for the Nifty Consumer Durables index, which gained 0.39 per cent, all other sectoral indices closed in the red. The Nifty Metal and IT indices declined over 1 per cent each, while the Auto index slipped nearly 1 per cent. Nifty Bank and Financial Services indices dropped up to 0.5 per cent.

Sumeet Bagadia, Executive Directo...