Markets closed on a flat note with a positive bias on Friday with the benchmark Sensex closing at 20,514, up 16 points or 0.08 per cent. The Nifty too closed at 6,090 up 16 points or 0.26 per cent.

On the BSE, except auto all sectoral indices closed in the green led by realty and metal sectors which rallied the most to close 1.63 and 1.27 per cent higher from their previous close on Friday.

Vinod Nair, Head-Fundamental Research, Geojit BNP Paribas Financial Services said: "The market continued its volatile movement but importantly traded well above the psychological level of 6,000. The Indian markets have handled well the three important events of FOMC, RBI and expiry. In the near-term we expect market to consolidate with a negative bias."

Volatility was down with the India VIX index closing at 16.82, down 2.49 per cent.

Punjab National Bank, Bank of Baroda, ACC, Tata Power and BPCL were the top five Nifty gainers while Tata Motors, HDFC, NTPC, Grasim and Asian Paints were the top laggards.

(This article was published on January 31, 2014)
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