New Delhi, March 7 -- Breakout stocks to buy or sell: Domestic equity benchmarks Sensex and Nifty 50 settled higher after a volatile session driven by rally in heavyweight stocks. Global cues also supported the Indian stock market after a drop in crude oil prices and US President Donald Trump's softened stand on tariffs.

The 30-share BSE Sensex rallied over 610 points to reclaim the 74,000 mark and settled at 74,340.09, while Nifty advanced 207.40 points to close above 22,500. Sensex marked its second straight day of gains. During the day, it surged 660.57 points to a high of 74,390.80. The broader 50-share barometer jumped 219.15 points or 0.98% to hit an intraday high of 22,556.45.

Wall Street traders continued to navigate intense, qu...