New Delhi, Dec. 26 -- Breakout stocks to buy or sell: The Indian equity benchmarks, Sensex and Nifty 50, closed in the red on Wednesday, December 24, as investors booked profits in select heavyweights, such as Reliance Industries and ICICI Bank, amid mixed global signals.

The Sensex slipped 116 points, or 0.14%, to end at 85,408.70, while the Nifty 50 declined 35 points, or 0.13%, to settle at 26,142.10. Broader markets also weakened, with the BSE Midcap index down 0.37% and the Smallcap index lower by 0.14%.

Sumeet Bagadia, Executive Director at Choice Broking, believes that the Nifty 50 opened on a positive note and briefly moved above the previous session's high but failed to sustain the advance, gradually drifting lower to test the ...