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Market zooms: Sensex at 36K, Nifty50 at 11K (Second Lead)
Mumbai, Jan 23 (IANS) Projection of India’s healthy economic growth outlook, along with bullish global cues lifted the key Indian equity indices to their new highs during the morning trade session on Tuesday.
Accordingly, the S&P BSE Sensex and the NSE Nifty50 breached their previous respective intra-day high levels.
In the process, the barometer Sensex crossed the 36,000-points-mark and the NSE Nifty50 climbed above 11,000 points.
Market analysts pointed-out other factors such as positive Q3 results, fresh inflows of foreign funds and buying support in metals, oil and gas, IT, banking and consumer durables stocks that aided the key indices’ upward trajectory.
At 10.30 a.m., the 30-scrip S&P BSE Sensex, which had closed at 35,798.01 points on Monday, traded higher at 36,019.40 points, up by 221.39 points or 0.62 per cent.
The Sensex touched a high of 36,051.86 points and a low of 35,863.98 during the intra-day trade so far.
The BSE market breadth was bullish — 1,516 advances and 889 declines.
At the National Stock Exchange (NSE), the broader Nifty50 quoted at 11,046.50 points, up by 80.30 points or 0.73 per cent.
Dhruv Desai, Director and Chief Operating Officer of Tradebulls told IANS: “Indian shares open at record Tuesday as investors received a boost from International Monetary Fund’s projection that India could emerge as the fastest-growing country in the world in 2018 at 7.4 per cent amid optimism over Prime Minister Narendra Modi’s address to the World Economic Forum.”
“Also investors’ expectation from the Union Budget, that is due next week, helped market to reach new highs.”
According to Deepak Jasani, Head – Retail Research, HDFC Securities, Nifty which touched 11,000 points in the early trade on Tuesday gained the last 1,000 points in about six months.
“The Sensex rose to touch 36,000 mark today gaining the last 1,000 points in four days,” Jasani told IANS.
“The bull run in the equity markets continue in India. The turnaround in the industrial growth in October 2017, along with big policy announcements related to Bank recap and Bharatmala led to a good up move in October 2017.”
“In January 2018, we are witnessing FIIs returning to the buy side in a big way after a break. The forthcoming Budget could aid in determining the future direction of markets from hereon,” Jasani said.
On Monday, the equity indices closed on record high levels on the back of upbeat quarterly corporate earnings, along with appreciable influx of foreign funds and healthy buying in IT stocks.
Consequently, the wider Nifty50 closed higher by 71.50 points or 0.66 per cent at a new level of 10,966.20 points.
Similarly, the Sensex closed at a fresh high level of 35,798.01 points — up 286.43 points or 0.81 per cent — from its previous session’s close.
–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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