Market Wrap, August 7: Here's all that happened in the markets today

The benchmark indices ended on a subdued note on Friday; however, the mid and small-cap indices logged decent gains during the session. 

The S&P BSE Sensex settled at 38,041, up 15 points or 0.04 per cent with Asian Paints (up over 4 per cent) being the top gainer and Titan Company (down over 2.5 per cent) the biggest loser. NSE's Nifty50 ended at 11,214, up 14 points, or 0.12 per cent. India VIX dropped over 3 per cent to 22.37 levels. 

In the broader market, the S&P BSE MidCap index gained over 200 points or 1.4 per cent to end at 14,219 while the S&P BSE SmallCap index closed the session at 13,669, up 106 points, or 0.78 per cent. 

On a weekly basis, Sensex gained 1.15 per cent while Nifty added 1.26 per cent.

The sectoral trend on the NSE was mixed. While IT and pharma stocks fell, auto, metals and financial stocks gained. The Nifty IT index slipped 1 per cent to 18,004 levels while the Nifty Pharma index ended at 11,333, down 0.6 per cent. On the other hand, Nifty Metal gained 0.85 per cent and Nifty Auto rose 0.75 per cent. Nifty Bank ended 0.5 per cent higher at 21,754 levels.

BUZZING STOCKS

Shares of Bayer CropScience hit an all-time high of Rs 6,449 apiece on the BSE during the day after the company reported encouraging numbers for the quarter ended June 2020 (Q1FY21). The stock ended at Rs 6,139, up 9 per cent. READ MORE

Shares of Lupin ended over 6 per cent lower at Rs 879.40 on the BSE after the pharmaceutical company's net profit for April-June quarter declined 60 per cent on a yearly basis to Rs 106.9 crore. Lupin had posted a profit of Rs 264.7 crore in the corresponding period of the previous year. 

Shares of Torrent Power rallied 9 per cent to hit a 52-week high of Rs 357.50 on the BSE during the day after the company posted a 35.3 per cent year-on-year (YoY) rise in its consolidated net profit at Rs 372.66 crore against Rs 275.27 crore in the corresponding quarter of the previous fiscal. The stock ended at Rs 337, up nearly 3 per cent.

Further, shares of Mindspace Business Parks REIT on Friday listed on the BSE at Rs 304, a 10.54 per cent premium against its issue price of Rs 275 per share. The stock ended at Rs 303.87.