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The S&P BSE Small-cap index rallied nearly 5 percent while the S&P BSE Mid-cap index closed with gains of over 3 percent for the week ended August 7.
Nifty Auto was the outperforming sector for the week, up 2.2 percent while on the other hand Nifty PSU Bank was the top loser, down 2.7 percent.
Find out what triggered the market this week and what you can look forward to next week in the Moneycontrol special episode.
The show stopper for the week was HDFC Bank. The lender was hit by the RBI's risk-based supervision, which found divergences worth Rs 2,052 crore for FY17 in classification of NPAs by the bank.
mutual funds remain the most preferred mode to take exposure to equities at these high levels
Here's what happened in pharma last week
After a week of gains, benchmark indexes took a breather this week after domestic institutional investors sold shares to likely offset inflows from foreign institutional investors. Mid- and small-cap stocks, however, continued their outperformance.
For the week, CNX mid-cap and BSE small-cap gained between 1.3-1.7 percent. From mid-caps, Ramco Ind, Welspun Projects, Gammon Infra and OnMobile Global hoisted 23-33 percent
Udayan Mukherjee, managing editor of CNBC-TV18 does a market wrap of the events and stock moves that brought the week to a close. He says that it has been a lackluster a trade that has left the market clueless about the direction Nifty will now take.