New Delhi, Dec. 9 -- Breakout stocks to buy or sell: Indian equities fell sharply on Monday, December 8, as broad-based selling hit the markets amid mixed signals from global peers.

The Sensex dropped 610 points (0.71%) to close at 85,102.69, while the Nifty 50 declined 226 points (0.86%) to end at 25,960.55. The BSE Midcap and Smallcap indices saw even steeper losses, tumbling 1.73% and 2.20%, respectively.

Key reasons for the market decline were the Indian rupee's weakness, continued foreign fund outflows, investor caution ahead of the US Federal Reserve's policy announcement, and rising Japanese bond yields.

Sumeet Bagadia, Executive Director at Choice Broking, believes that the Indian stock market mood has been shaken as the Nifty ...