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Closing Bell🚨

The market consistently fell after 11 O'Clock. Sensex closed at 59,015 & Nifty 50 closed at 17,585.

Reliance Industries, Kotak Mahindra Bank, Tata Steel are the most active stocks

Track the market with Ticker!
Visit: https://ticker.finology.in/market

Surya Roshni, Interglobe Aviation, Tata Elxsi, Dodla Dairy are top gainers

Yes Bank, Tata Motors - DVR, Rajesh Exports, IDBI, Indiabulls Housing are the top losers of the day
“The Lipstick Effect”
Or do we call it Luxury cheap thrills

It’s an economic barometer that indicates: consumers still spend money on small luxury items during the recession or when they personally have little cash.

They do not have enough to spend on big luxury items; however, many still end up in purchases of small indulgences, such as premium lipstick.

Cash short consumers want to treat themselves to something that lets them forget their financial problems.

Fun Fact

The term Lipstick effect was coined by Leonard Lauder, he noticed that during the terrorist attacks of 9/11, his company sold more lipstick than usual. As a result, he theorized that lipstick is a contrary economic indicator.
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The book value of share refers to the value of per share as stated by the books of accounts. The book value of share indicates as what each shareholder will receive (after paying off liability) theoretically if the company was liquidated
Greed and Fear are two of the most common, severe emotions found in any human being. When we are guided by greed or fear in times of uncertainty, making decisions can sometimes be a real challenge.

But how do we make decisions when we are guided by greed or fear in times of uncertainty?

Here's is all need to know about What is prospect theory of behavioral finance?

https://blog.finology.in/behavioral-finance/what-is-prospect-theory
With the last session's negative closing, the market opened gap-down today! Sensex below 58,700 & Nifty below 17,500.

STOCK IN NEWS
Vodafone Idea said they achieved peak speed in excess of 3.7 Gbps on the mmWave spectrum band, in Pune city
STOCK IN NEWS🚨

Rail Vikas Nigam Ltd

The company got a project for design and construction of Indore Metro Rail worth Rs 1,034 Cr.
Closing Bell🚨

Sensex & Nifty 50 consistently dropped after 11:30. Sensex closed at 58,490 & Nifty 50 closed at 17,396

Most of the benchmark indices are in red today! The metal index lost the most ~6.79% 🔽

Track the market with Ticker!
Visit: https://ticker.finology.in/market

ITC, Tata Elxsi, Tech Mahindra, Escorts made fresh 52 weeks high

Royal Orchid Hotels, Apollo Pipes, GMR Infrastructure, are the top gainers
Asian Paints: The Giant of India’s Paint Industry

The journey of starting from a small garage to launching their own paint company wasn't easy; there were a lot of hidden struggles. Back in the time, the new entrant on the block, Asian Paints, could not convince the big distributors of Bombay.

Therefore, instead of focussing on volumes in big cities like Bombay, Asian Paints chose to serve a neglected market which was the Indian rural areas. They opened their first direct dealer at Sangli, Satara in Maharashtra. Gradually, after Asian Paints seemed to be winning the market in rural areas, the big distributors of Bombay started contacting them and began stocking up on Asian Paints.

Did You Know!

Asian Paints has been the only company to deliver a CAGR of +20% for six decades in the entire world
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Ever wondered how Google Maps makes money? Watch and find out!
Amid mixed global cues, the market began at slightly higher level. Sensex above 58,600 & Nifty 50 above 17,400

STOCK IN NEWS
HCL Tech signed 5-years digital transformation deal with MKS Instruments Inc., a global provider of instruments
Blue Star Q1FY22 result

- Net profit of Rs 12.69 Cr, ~164% up YoY🔼

- Total income of Rs 1,059 Cr against Rs 634 Cr last year

- EPS stood at Rs 1.32

- Total expense of Rs 1,040 Cr against Rs 664 Cr a year back

Check the financials of the company with #InvestingKaSearchEngine
Visit: https://ticker.finology.in/company/BLUESTARCO?mode=C
TCI Express Q1FY22 result

- Net profit of Rs 23 Cr, 44% drop🔽 YoY

- Total income of Rs 224 Cr against Rs 282 Cr last year

- Posted an EPS of Rs 6.17

- Total expense of Rs 193 Cr against Rs 88 Cr a year back
Market Update🚨

Sensex below 58,500 & Nifty 50 below 17,400

Nifty Realty ~2% up
Nifty Auto ~1.29% down

SBI Cards, Tata Steel, IRCTC are the most active stocks

Track the market with #InvestingKaSearchEngine
Visit: https://ticker.finology.in/market

Bharti Airtel, Godrej Properties, Hindustan Unilever, HCL Tech. made fresh 52 weeks high

3I Infotech, Prestige EstatesProj, EKI Energy Services, JSW Holdings are top gainers.