Behavioural finance is a burgeoning area in finance, and heuristics or biases are a component of it. In this post, we'll look at how self-attribution bias affects investors.

In the mid-morning trade, the benchmark indices traded in a narrow range with losses. Except for Nifty Realty index, all of NSE's sectoral indices were in the red. Other companies set to announce their results today include Adani Wilmar, Jindal Stainless, INOX Leisure, IDBI Bank, Castrol India, Mahindra Holidays & Resorts, Mahindra & Mahindra Financial Services, Dwarikesh Sugar, CG Power, Alembic Pharmaceuticals, and Saregama India.

At 11.15 am Monday, the core equity indices i.e., Sensex and Nifty 50 were trading marginally on the lower side as the Asian markets were jilted due to the data released by China, indicating that the Chinese factory activity had contracted in the month of April.  

After plunging 0.80 per cent in the previous trading session, the broad market index S&P BSE Sensex witnessed further decline today.

Now, we are entering the month of May on a very fragile note and also coming across a number of priests pontificating about the gloom & doom times ahead of us, given the fact that Nifty has witnessed a ‘Death Cross’

Activity in the F&O market for the weekly expiry on May 5 shows 17000 to act as support. 

BSE Smallcap index slipped 0.58 per cent to close the session at 28,611.92.

The benchmark indices erased the intraday gains and ended in red with Sensex plunging 460.19 points or 0.8 per cent at 57,060.87 level and Nifty ending 142.5 points or 0.83 per cent lower at 17,102.55 level.  

Aptech Ltd, Apcotex Industries and General Insurance Corp witnessed positive action in today’s session. 

On Friday, the key indices gave up early gains and closed the choppy trading session with losses. After hitting the day's high of 17,377.65 in the morning trade, Nifty finished just above the 17,100 mark. On NSE, all sectoral indices closed in the negative territory, with media and oil & gas stocks losing the most. The stock of Shriram Transport Finance Business climbed 4.9 per cent to Rs 1,199.65 after the company reported a 43.87 per cent increase in standalone net profit. On Friday, the European markets rose across the board as good corporate profits boosted global stocks.