Markets closed on a flat note with a negative bias on Friday with the benchmark Sensex closing at 20,851, down 37 points or 0.18 per cent. The Nifty too closed at 6,211 down 10 points or 0.16 per cent.

On the BSE, IT and tech sector supported the Sensex with their sectoral index rallying the highest to close 2.19 and 1.97 per cent higher than their previous close. Power and capital goods weighed down the Sensex performance by closing lower by 1.74 per cent and 1.71 per cent respectively.

According to market experts, Infosys third quarter earnings on January 10 and RBI policy on January 28 would dictate the market direction going forth.

Volatility was down with the India VIX index closing at 15.87, down 4.11 per cent.

Ranbaxy, Lupin, TCS, Infosys and Maruti were the top five Nifty gainers while Tata Power, M&M, BPCL, Tata Motors and BHEL were the top laggards.

(This article was published on January 3, 2014)
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