Buy or sell, Dec. 28 -- The Indian stock market closed in red on Friday, December 26, as investors continued to offload shares amid the absence of fresh catalysts and mixed global signals.

The Sensex declined 367 points, or 0.43%, to settle at 85,041.45, while the Nifty 50 fell 100 points, or 0.38%, ending the session at 26,042.30. The BSE Midcap index edged down 0.18%, and the Smallcap index lost 0.34%.

On a weekly basis, however, benchmarks posted modest gains. For the week ended December 26, the Sensex rose 112 points, or 0.13%, breaking a two-week losing streak, while the Nifty 50 advanced 0.30%, snapping its three-week run of losses.

"The benchmark Nifty 50 concluded the holiday-shortened week on a flat-to-positive note, ending ne...