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Equities tumble further: Sensex sheds 700 points, Nifty50 drops 200 points (Third Lead)

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Mumbai, Feb 2 (IANS) Equity markets fell further during the mid-afternoon trade session on Friday with the barometer Sensex of the BSE tumbling over 700 points and the Nifty50 over 200 points.

According to market observers, investors turned cautious following negative global cues and disappointment post Budget announcements on the reintroduction of the long-term capital gains (LTCG) tax.

In his Budget speech on Thursday, Finance Minister Arun Jaitley proposed to tax LTCG on equities exceeding Rs 1 lakh at 10 per cent. This had infused huge volatility in the market on Thursday also.

On Friday, stocks of banking, capital goods, auto, consumer durables, oil and gas, and metals witnessed a huge sell-off.

Around 2.25 p.m., the barometer 30-scrip Sensitive Index (Sensex) of the BSE traded at 35,196.60 points — down 710.06 points or 1.98 per cent from its previous close.

The Sensex has so far touched a low of 35,738.13 points during the intra-day trade.

On the the National Stock Exchange, the wider Nifty50 declined by 211.75 points or 1.92 per cent to trade at 10,805.15 points.

“Select stocks saw a sell-off in the morning due to a combination of factors including reversal of fortunes for BJP in Rajasthan by-elections, weakness in global markets, rising interest rates locally and abroad, and its impact on equity markets, reaction to Budget provisions including the one related to LTCG and margin sales by brokers due to fall in stock prices,” Deepak Jasani, Head, Retail Research, HDFC Securities, told IANS.

“Some traders and investors (including foreign institutional investors) seem to be unclear about the tax impact on sale of equity shares between February 1 and March 31, 2018 and are pre-empting the confusion by putting sale orders today itself,” said Jasani.

On Thursday, the Nifty50 fell by 10.80 points or 0.10 per cent to 11,016.90 points, while the Sensex closed at 35,906.66 points — down 58.36 points or 0.16 per cent.

–IANS
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Casino Days Reveal Internal Data on Most Popular Smartphones

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CasinoDays India

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.

CasinoDays India

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.

 

CasinoDays India

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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