Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today - 16 July 2026

Indian benchmark indices Sensex and Nifty 50 closed marginally higher on July 15, with Nifty settling at 24,078.50 (+0.11%) and Sensex at 77,185.43 (+0.17%), despite US-Iran tensions and rising crude oil prices. Bank Nifty advanced 0.51% to 57,757.85, led by PSU banking stocks. Sumeet Bagadia of Choice Broking recommends buying five breakout stocks on July 16: Jubilant Pharmova (buy around Rs 1,028, target Rs 1,100), Tamilnad Mercantile Bank, Chennai Petroleum, Indigo Paints, and Knowledge Marine & Engineering Works.