New Delhi, Jan. 7 -- Breakout stocks to buy or sell: Benchmark indices Sensex and Nifty 50 extended their losing streak for a second straight session on Tuesday, January 6, led by profit-booking despite supportive global cues.

The Sensex slipped more than 500 points, or over 0.60%, to touch an intraday low of 84,900.10, while the Nifty 50 fell 0.50% to an intraday low of 26,124.75. Both indices recovered part of the losses by the close, with the Sensex ending down 376 points, or 0.44%, at 85,063.34, and the Nifty 50 settling 72 points lower, or 0.27%, at 26,178.70.

On Tuesday, the Nifty 50 opened on a weak note and initially attempted a recovery, scaling an intraday high of 26,273.95. However, the index failed to sustain at higher level...