Why!!!???
What you are doing then is simulate an incident reading (the light falling on the hand, instead of the dome), and add a tentative correction.
Have said it before, but here goes again: just use that lumisphere and do an incident reading.
I think we all are getting at the same thing. Q.G's point could be summed up as this:
A lumasphere
is a grey card in practical application.
Your hand with the reflectance value considered
is a grey card in practical application.
All an incident reading or a grey card reading tells you is the exposure for a middle grey value. A reflected reading gives you a luminance value. If the meter is broad, it is an average of the luminance it sees, and winds up in most cases reading like an incident meter or a spot value from a grey card, however it is more easily fooled. If it has a narrow angle as a spot meter it is (as spot meters are reflected meters), it is more or less exact to what you put the spot on, and you have specific information about specific things. Minor weighting issues aside, your hand held meter in reflected mode isn't doing anything different than your camera meter is doing. If you can place an incident meter in the same light as the subject it will give the same reading even if the subject is far away (like if you are in an open field) If you can't (you are in sun and the subject is in shade) then a reflected reading is in order, or you have to go over to the light the subject is in for an incident reading.
What I see Ekta doing is trying to apply the reflected readings as if he was using a spot meter, which he isn't. If I had to use a reflected meter, I would tend to meter less sky and more subject, tending towards more exposure, not less (unless I was shooting just the sky). If it were a landscape with sky and the sky was an important part, I would likely apply a yellow, orange, or red filter (B&W) If we are talking about chrome, I would expose for the middle, polarize and depending, consider a grad. These are all generalizations of course, and in the end I loath working with meters that generalize, unless time is a factor.
One feeling that I get, is that Ekta needs to work on the basic concepts of exposure related to luminance vs. incidence, and reciprocity, and stop looking for a proper exposure and instead learn to choose an exposure, and why. That is meant constructively.
In the end, advice is great and all, but I would bet that every person here has a personal way of reading and interpreting their meter, that said, I'll repeat myself- consider a spot meter- it's my bet you'll learn more about exposure, (some of it the hard way) in a shorter time, then you ever will with something as broad and inexact as a hand held reflected or incident meter. Incident meters, broad reflected readings, and grey card readings all offer only "serving suggestions" They don't tell you diddley about
what you are exposing. If that isn't in the cards, just point the meter at the FoV, consider values that are far above or below the average, and be done with it, because it won't get much more specific than that. Without bringing a spot meter into the equation, this is all pretty much about the mechanics that achieve the same averaged end.
(You can obtain reflected values for specific things by getting the meter up close, so that is all it sees, but might get to be a pretty obtuse way of working)
YMMV
J