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Global cues, surge in oil & gas stocks lift equity indices (Lead)
Mumbai, Aug 30 (IANS) A day after closing at their lowest levels in a week’s time, key Indian equity indices bounced back to trade with substantial gains during the mid-aternoon session on Wednesday as positive global cues and healthy buying in oil and gas, metal and banking stocks lifted investors’ sentiments.
According to market observers, healthy buying in index heavyweights like HDFC, Reliance Industries, Adani Ports and Coal India aided the upward trajectory of the NSE Nifty50 and the BSE Sensex.
The wider 51-scrip Nifty of the National Stock Exchange (NSE) reclaimed the psychologically important 9,900-mark to touch a high of 9,909.45 points during intra-day trade.
Around 1 p.m., it traded at 9,898.15 points — up 102.10 points or 1.04 per cent.
The 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 31,534.57 points, traded at 31,690.23 points — up 301.84 points or 0.96 per cent from its previous close at 31,388.39 points.
The Sensex has so far touched a high of 31,727.98 points and a low of 31,533.02 points during the intra-day trade.
The BSE market breadth was bullish with 1,779 advances and 619 declines.
“After a sharp fall in the previous session, the benchmark indices opened higher on Wednesday ahead of derivatives expiry of August series due tomorrow. Positive trend in Asian markets and on Wall Street after concerns about North Korea’s firing of a missile over Japan ebbed, aided the sentiment,” Dhruv Desai, Director and Chief Operating Officer of Tradebulls, told IANS.
“Shares of Bank of Baroda, Tata Power, Tata Motors DVR and ACC fell up to 3 per cent lower as these companies will move out of the NSE’s benchmark Nifty 50 index from September 29. Top gainers on NSE were Indian Oil Corporation, Hindalco and Vedanta, while on the losing side were HCL, Zee and Tech Mahindra,” he added.
On Tuesday, the benchmark indices closed deep in the red as rising geo-political tension in East Asia, along with foreign fund outflows, subdued sentiments.
The Nifty50 closed lower by 116.75 points or 1.18 per cent at 9,796.05 points, while the Sensex closed at 31,388.39 points — down 362.43 points or 1.14 per cent.
–IANS
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International online casino Casino Days has published a report sharing their internal data on what types and brands of devices are used to play on the platform by users from the South Asian region.
Such aggregate data analyses allow the operator to optimise their website for the brands and models of devices people are actually using.
The insights gained through the research also help Casino Days tailor their services based on the better understanding of their clients and their needs.
Desktops and Tablets Lose the Battle vs Mobile
The primary data samples analysed by Casino Days reveal that mobile connections dominate the market in South Asia and are responsible for a whopping 96.6% of gaming sessions, while computers and tablets have negligible shares of 2.9% and 0.5% respectively.
The authors of the study point out that historically, playing online casino was exclusively done on computers, and attribute thе major shift to mobile that has unfolded over time to the wide spread of cheaper smartphones and mobile data plans in South Asia.
“Some of the reasons behind this massive difference in device type are affordability, technical advantages, as well as cheaper and more obtainable internet plans for mobiles than those for computers,” the researchers comment.
Xiaomi and Vivo Outperform Samsung, Apple Way Down in Rankings
Chinese brands Xiaomi and Vivo were used by 21.9% and 20.79% of Casino Days players from South Asia respectively, and together with the positioned in third place with a 18.1% share South Korean brand Samsung dominate the market among real money gamers in the region.
Cupertino, California-based Apple is way down in seventh with a user share of just 2.29%, overshadowed by Chinese brands Realme (11.43%), OPPO (11.23%), and OnePlus (4.07%).
Huawei is at the very bottom of the chart with a tiny share just below the single percent mark, trailing behind mobile devices by Motorola, Google, and Infinix.
The data on actual phone usage provided by Casino Days, even though limited to the gaming parts of the population of South Asia, paints a different picture from global statistics on smartphone shipments by vendors.
Apple and Samsung have been sharing the worldwide lead for over a decade, while current regional leader Xiaomi secured their third position globally just a couple of years ago.
Striking Android Dominance among South Asian Real Money Gaming Communities
The shifted market share patterns of the world’s top smartphone brands in South Asia observed by the Casino Days research paper reveal a striking dominance of Android devices at the expense of iOS-powered phones.
On the global level, Android enjoys a comfortable lead with a sizable 68.79% share which grows to nearly 79% when we look at the whole continent of Asia. The data on South Asian real money gaming communities suggests that Android’s dominance grows even higher and is north of the 90% mark.
Among the major factors behind these figures, the authors of the study point to the relative affordability of and greater availability of Android devices in the region, especially when manufactured locally in countries like India and Vietnam.
“And, with influencers and tech reviews putting emphasis on Android devices, the choice of mobile phone brand and OS becomes easy; Android has a much wider range of products and caters to the Asian online casino market in ways that Apple can’t due to technical limitations,” the researchers add.
The far better integration achieved by Google Pay compared to its counterpart Apple Pay has also played a crucial role in shaping the existing smartphone market trends.
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