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Profit booking, rupee plunge pull equity indices lower (Roundup)

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Mumbai, Aug 30 (IANS) Profit booking along with a slump in the rupee and weak global cues pulled the key Indian equity indices lower on Thursday.

Investors booked profits as the August series of futures and options contracts ended on Thursday, analysts said, adding that rise in global crude oil prices also eroded the investor sentiments.

Index-wise, the Nifty50 on the National Stock Exchange (NSE) closed at 11,676.80 points, lower 15.10 points or 0.13 per cent from its previous close of 11,691.90 points.

The barometer 30-scrip S&P BSE Sensex, which had opened at 38,796.98 points, closed at 38,690.10 points, lower 32.83 points or 0.08 per cent from the previous close of 38,722.93 points.

It touched an intra-day high of 38,819.06 points and low of 38,581.83 points.

However, in the broader markets, the S&P BSE Mid-cap gained by 0.43 per cent while the S&P BSE Small-cap ended 0.27 per cent higher than its previous close. The BSE market breadth was bullish with 1,459 advances and 1,256 declines.

“Stocks markets traded under pressure through the day, only to stage a smart recovery towards the end of the trading session and close near the flat line. Along with the US-Sino trade concerns, another bout of weakness in the Indian currency dampened investor sentiment,” said Abhijeet Dey, Senior Fund Manager for Equities, BNP Paribas Mutual Fund.

Further, global markets traded lower and investors continued to monitor global trade talks which lent uncertainty to the immediate direction of the markets, he added.

On the currency front, the rupee settled at a record closing low of 70.74 per dollar, 15 paise weaker than its previous close of 70.59 per greenback.

Investment-wise, data from NSDL on Thursday showed that foreign portfolio investors (FPIs) sold scrip worth Rs 1,379.34 crore.

Sector-wise, the S&P BSE FMCG index rose 139.71 points, the healthcare index was up 132.15 points and the metal index rose by 108.21 points.

In contrast, the S&P BSE banking index index declined 122.88 points, the auto index fell by 82.77 points and consumer durables stocks ended 55.45 points lower than its previous close.

The top gainers at the Sensex were Sun Pharma, up 3.03 per cent at Rs 639.50; Tata Steel, up 2.40 per cent at Rs 608.30; ITC, up 2.08 per cent at Rs 319.20; Bharti Airtel, up 2.07 per cent at Rs 382.60; and NTPC, up 1.93 per cent at Rs 169.20 per share.

The majors losers were IndusInd Bank, down 1.62 per cent at Rs 1,876.20; Maruti Suzuki, down 1.62 per cent at Rs 9,212.40; Reliance Industries, down 1.57 per cent at Rs 1,274.10; Tata Motors (DVR), down 1.28 per cent at Rs 138.55 per share; and Asian Paints, down 1.15 per cent at Rs 1,375.95 per share.

–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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