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Profit booking subdues equity markets (Roundup)
Mumbai, Sep 29 (IANS) Key Indian equity indices closed on a flat-to-positive note as investors booked profits ahead of the release of important macro-economic data later on Friday.
Market observers opined that the caution ahead of the RBI’s monetary policy review and a long weekend also forced investors to vacate some of their positions.
The wider 51-scrip Nifty of the National Stock Exchange (NSE) closed at 9,788.60 points — up 19.65 points or 0.20 per cent.
The 30-scrip Sensitive Index of the BSE, which opened at 31,367.25 points, closed at 31,283.72 points — up a mere 1.24 points, from its previous close at 31,282.48 points.
The Sensex touched a high of 31,523.87 points and a low of 31,243.71 points during intra-day trade.
“The pullback rally continued today with the markets ending with modest gains on Friday (Nifty closed up 0.2 per cent). A sell off in the afternoon session curbed the gains ahead of the long weekend,” Deepak Jasani, Head – Retail Research, HDFC Securities, told IANS.
“Firm global cues and positive sentiments after the government stuck to its budgeted market borrowing for the second half of fiscal 2018, thereby easing concerns that it would widen its fiscal deficit target, helped to lift the indices.”
Anand James, Chief Market Strategist, Geojit Financial Services, said: “With a long weekend ahead, followed by RBI rate decision and a series of macro data, traders opted to limit aggressive bets, confining indices to a flat close.”
According to Dhruv Desai, Director and Chief Operating Officer of Tradebulls, the benchmark indices pared gains to end on a flat note on the back of foreign fund outflows.
In terms of investments, provisional data with the exchanges showed that foreign institutional investors (FIIs) sold scrips worth Rs 1,546.86 crore while domestic institutional investors (DIIs) purchased stocks worth Rs 2,064.63 crore.
On the currency front, the rupee strengthened by 22 paise to close at 65.29 against the US dollar from its previous close at 65.51.
Major Sensex gainers on Friday were: Bajaj Auto, up 2.44 per cent at Rs 3,108.15; Bharti Airtel, up 1.63 per cent at Rs 388.65; Mahindra and Mahindra, up 1.55 per cent at Rs 1,253.75; Coal India, up 1.35 per cent at Rs 270.60; and Adani Ports, up 1.25 per cent at Rs 376.20.
Major Sensex losers were: Hindustan Unilever, down 2.37 per cent at Rs 1,175.15; Wipro, down 1.71 per cent at Rs 280.95; Tata Consultancy Services (TCS), down 1.67 per cent at Rs 2,437; Dr Reddy’s Lab, down 1.62 per cent at Rs 2,329.40; and ITC, down 1.11 per cent at Rs 258.25.
–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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