The week began on a flat note for the stock markets with Indian indices closing marginally in the red on Monday.

The Nifty was down 0.09 per cent and closed at 4,742.80, down 4.10 points. The Sensex shed 0.22 per cent and closed at 15,814.72, down 34.08 points.

Weakness in bank and auto sectors pulled down the Nifty and Sensex indices.

Weak global cues over the week-end owing to falling value of euro vis-à-vis the dollar and mixed expectations from the IIP data expected on Tuesday were the other factors that pulled the indices down.

“Interestingly, there was buying in small and mid-cap stocks indicating a shifting from A group to small and mid-cap companies, said the Director-Research of an Indian brokerage. “This has become a set trend.”

Volatility was flat and closed marginally in the green; the India Vix closed at 25.68, up 0.11 per cent.

BHEL, Cipla, Jaiprakash Associates and Jindal Steel and Power were the top Nifty gainers while Bharti Airtel, Sesa Goa, SBI, Coal India and Bajaj Auto were the top losers.