Sensex falls amid thin volumes,R falls on first day of new year

The benchmark BSE index fell 0.14 per cent,or 30.20 points,to end at 21,140.48.

The rupee closed at 61.90 per dollar compared with 61.80 on Tuesday,in a range-bound trading session.

Volumes on the benchmark BSE Sensex remained thin,dropping for a second consecutive session with most global markets closed for New Year holidays.

The broader Nifty edged down 0.04 per cent,or 2.35 points,to end at 6,301.65,closing just above the psychologically important 6,300 level. Analysts say with US Federal Reserves taper fears behind for now,momentum in foreign inflows will be determined by third-quarter earnings and December inflation data scheduled later this month.