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Rupee recovery, value buying buoy equity indices (Roundup)
Mumbai, Sep 12 (IANS) A recovery in the rupee value after the government said it will take steps to support the currency along with value buying buoyed the key Indian equity indices on Wednesday.
Further, reports said that Prime Minister Narendra Modi may hold a meeting this weekend to take stock of the country’s economy boosted investor sentiment in the last couple of trading hours when the indices made major gains of the day.
The key equity indices — S&P BSE Sensex and NSE Nifty50 — which had a gap-up opening, traded in a flat-to-negative range before the mid-afternoon session as investors were cautious over the upcoming macro-economic inflationary data point.
However, the indices reversed the bearish trend during the last few hours as healthy buying was witnessed in FMCG, metal and capital goods counters.
In the past two trade sessions, the Sensex had shed nearly 1,000 points, giving investors an opportunity to pick up stocks on an attractive valuations.
Index-wise, the Nifty50 of the National Stock Exchange (NSE) closed at 11,369.90 points, higher by 82.40 points or 0.73 per cent from its previous close of 11,287.50 points.
The benchmark S&P BSE Sensex, which had opened at 37,546.42 points, closed at 37,717.96 points, higher by 304.83 points or 0.81 per cent from the previous close of 37,413.13 points.
It touched an intra-day high of 37,752.58 points and a low of 37,342.00 points.
In the broader markets, the S&P BSE Mid-cap rose by 0.52 per cent and the S&P BSE Small-cap ended 0.27 per cent lower from its previous close.
The BSE market breadth was bearish with 1,545 declines against 1,121 advances. The total number of stocks traded on the exchange was 2,844, with 178 ending unchanged.
On the currency front, the Indian rupee closed at 72.19 recovering 50 paise from its previous close of 72.69 per greenback.
Investment-wise, provisional data with exchanges showed that foreign institutional investors sold scrips worth Rs 1,086.39 crore and domestic institutional investors bought stocks worth Rs 541.44 crore.
Sector-wise, the S&P BSE FMCG index gained the most, by 281.50 points, metal index gained 206.58 and capital goods was up by 192.76 points.
Of the 19 sectoral indices on the BSE, only three indices ended in the red — telecom index, which lost 8.68 points, the realty index, declined 6.94 points and the banking index slipped 5.90 points from its previous close.
The top gainers on the Sensex were Power Grid, up 3.40 per cent at Rs 193.20; ITC, up 3.11 per cent at Rs 306.50; Sun Pharma, up 2.98 per cent at Rs 649.85; Adani Ports, up 2.96 per cent at Rs 375.50; and Hindustan Unilever, up 2.29 per cent at Rs 1,627.95 per share.
The major losers were Axis Bank, down 2.30 per cent at Rs 635.55; Tata Motors, down 1.70 per cent at Rs 262.65; Bharti Airtel, down 1.28 per cent at Rs 375; ICICI Bank, down 1.07 per cent at Rs 323.10; and Yes Bank, down 0.71 per cent at Rs 314.45 per share.
–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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