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Trendlyne Marketwatch
19 Sep 2019, 09:45AM
LIVE: Markets close lower, bank and NBFC stocks fall

Markets closed sharply lower in today's trading. Nifty 50 closed at 10701.80 (-138.9, -1.3%) , BSE Sensex closed at 36093.47 (-470.4, -1.3%) while the broader Nifty 500 closed at 8765.15 (-112.6, -1.3%)

Market breadth is moving down. Of the 1657 stocks traded today, 346 were gainers and 1222 were losers.

  • Markets are trading on a low note in the afternoon. Nifty 50 was trading at 10703.15 (-137.5, -1.3%) , BSE Sensex was trading at 36149.31 (-414.6, -1.1%) while the broader Nifty 500 was trading at 8765.05 (-112.7, -1.3%) in the afternoon.. Market breadth is sharply down. Of the 1621 stocks traded today, 306 were in the positive territory and 1237 were negative.
  • IIFL Wealth Management gains 5% on listing. 
  • BEML has an order book of close to Rs 9120 crore, and is drawing investor attention for recent order wins in metro and rail projects. 
  • Approximately 50 lakh shares of Bharti Airtel changed hands in a single deal. Share price of the stock is up, rising on reports that the company intends to reduce its debt to nearly half i.e. Rs. 50,000 crore by the end of FY20.
  • Vodafone Idea jumps 14.4% today, JK Paper among top gainers. 
  • Precision Camshaft hit a new 52 week low after company auditors resigned and cited delays in sharing information. 
  • The US FDA has issued a warning letter to Lupin's Mandideep factory unit. The company's share price is down on the news.
  • The US central bank cut its benchmark interest rate by 25 basis points to a target range of 1.75 to 2.0 per cent. Federal Reserve chief Jerome Powell said that the Fed would take further steps if needed to keep the economy growing. Mr Powell added policymakers had decided on a second cut after seeing slowing global growth, and trade tensions worsening over the summer.
Riding High:

Largecap and midcap gainers today include Vodafone Idea Ltd. (5.30, 9.28%), National Aluminium Company Ltd. (45.50, 2.13%) and Godrej Consumer Products Ltd. (660.50, 1.73%).

Downers:

Largecap and midcap losers today include YES Bank Ltd. (61.50, -4.06%), Zee Entertainment Enterprises Ltd. (324.15, -3.35%) and NBCC (India) Ltd. (34.75, -2.66%).

BSE 500: highs, lows and moving averages

5 stocks tanked below their 52 week lows.

Stocks making new 52 weeks lows included - Corporation Bank (16.55, 0.00%) and Eveready Industries India Ltd. (49.40, -4.91%).

3 stocks climbed above their 200 day SMA including Procter & Gamble Hygiene & Healthcare Ltd. (10471.05, 0.04%) and FDC Ltd. (171.15, -0.38%). 6 stocks slipped below their 200 SMA including DCM Shriram Ltd. (402.45, -3.19%) and Meghmani Organics Ltd. (57.90, -2.20%).

 
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The Baseline
16 Sep 2019
What is the real price of the things we buy?

by Parul

How do you feel after you buy an expensive car, or a Snickers chocolate? Shouldn't you include that in the price?

The price of something isn't just the cost of what we pay. The real, hidden price includes everything we feel about what we buy - excitement, enthusiasm, happiness, guilt, regret. And this is very different from person to person. 

Let's for example, take a stock or mutual fund investment. One kind of investor, who is very enthusiastic about investing, may snap up a stock - for example, Titan at what he thinks is a bargain price of Rs. 1065.3 on August 21st.  He then watches as the price climbs and falls, to Rs. 1,037 before rising to Rs. 1,123.4 on September 13. That's a gain of +5.45% in less than a month, and he is excited and pleased. 

Another more aggressive investor may have bought Titan expecting a jump of 10% in share price as markets recovered. He may feel regret at the purchase because he missed out on bigger buys while putting money on Titan.

A third, very nervous investor may have watched the stock initially fall to Rs. 1,037 on September 4, and get extremely upset at the price fluctuations. 

The true cost of purchase is thus very different for different people - whether it is purchasing a stock, a box of sweets - where the price you pay is guilt after consumption, or buying a fancy new car - where the price is explaining the purchase to your wife. 

It is important for investors to ask themselves: how will I feel about this on purchase? Are you the nervous kind of buyer, who would be happier with fixed deposits and low risk mutual funds, or the moderate investor, who is happy with good gains on blue chips? Or is it only the really risky investments that excite you? Knowing who you are helps you figure out the real cost of your purchase. Because there is definitely is one, and it is not just the price you pay in rupees.