Indian stock market, Dec. 28 -- Both market indices - Sensex and Nifty - closed lower on Friday, December 26, as investors stayed cautious and continued selling in the absence of fresh triggers, amid mixed global signals.

The Sensex declined 367 points, or 0.43%, to finish at 85,041.45, while the Nifty 50 fell 100 points, or 0.38%, to close at 26,042.30. Broader markets also remained under pressure, with the BSE Midcap index easing 0.18% and the Smallcap index slipping 0.34%.

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

On Friday, the Nifty 50 closed lower...