83% of young urbans feel compatibility & mutual interests matter most

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By IANSlife
New Delhi, Oct 2 (IANSlife) For years, it is believed that marriages were made in heaven. However, traditional matchmaking in India is more about the hassle to fix multiple dates and meeting with families that are often decided upon the outdated criteria, including religion, caste, community than compatibility. With a shift in the mindset of urban Indians, there has been a swift change in the approach of the life-partner search process. It has become more realistic rather than a patriarchal fairy tale checklist nowadays.

Considering the dynamic scenario in matchmaking, Betterhalf.ai — India’s first AI app without parents. The app recommends profiles based on “true compatibility” and preferences and recently conducted an online survey to understand the mindset and requirements of independent working professionals. The estimates of the survey revealed a radical change in the mindset of urban professionals while finding a life partner.

Out of 220 respondents, 83 per cent of urban Indians consider ‘compatibility and mutual interests’ matter the most while searching for a perfect partner. On the other hand, 10 per cent of the respondents believe in looks and family background, while 5 per cent consider Kundli + Caste + Religion and 3 per cent believe profession + salary matter the most while searching for a life partner.

Commenting on the survey findings, Pawan Gupta, Founder, and CEO of Better half, said, “Matchmaking in India is a lot more about going over a series of tea or coffee meetings involving parents. Living in a fast-paced world prompted us to conduct this survey and the findings reveal that the life-partner search process has become more realistic than the conventional process.”

Furthermore, the platform also considers the fate of women in Indian societies. Even in the era of modernity and women’s freedom, marriage is definitely a task when they are expected to leave their parents’ house which is the default mechanism for women. Nobody questions it and most of them don’t have an answer behind this age-old “tradition”.

Due to the repetitive practices of this custom, the idea of a ‘Paraya Dhan’ and ‘Kanyadaan’ has become so ingrained in our minds that it doesn’t even look like a violation of rights at all. As women have grown up with these values, they are mostly put down for questioning the traditions and are looked down upon if they resist the notion. That’s how every traditional belief and value continues to reign over our societies. On the contrary, it is surprising to know that over 80 per cent of India’s young urban population is in the age bracket of 22-29 years and living with parents. Among them, the majority of the males prefer staying with their parents after their marriage.

According to the survey findings — If given a choice, 63 per cent of urban Indians would want to live separately with their partner while 27 per cent do not wish to change the old-age stereotype of having the bride leave her house after marriage. Apart from this, close to 10 per cent think that men should move to women’s houses after marriage.

Creating a profile on matrimony apps usually happens out of the enthusiasm of parents, completing a list of conventional questions while signing up. However, the mindset of urban Indians is changing and the influx of new ideas related to a successful and happy marriage is predicted to turn internet made marriage heavenly too.

(IANSlife can be contacted at ianslife@ians.in)

Source: IANS

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Weekly Technical Share Market Outlook

Weekly Technical Share Market Outlook

The Indian market recovered sharply on the last trading day amid the weekend after a continuous fall. Market has managed to halt above 16000 Nifty levels after continuous losing streak. Index reacted violently, grasping Indian as well as global factors throughout the week. Simultaneously, Inflation is catching up and profit margins are taking a hit.

 

Sensex advanced 1532 points or 2.90 percent while Nifty gained 484 points or 3.07 percent in a week. Simultaneously, Bank nifty has overcome bear’s dominance ending the session with 3.49 percent gain. Sectorally,Nifty Metal saw the highest gains of 7.40 percent followed by the Realty and Auto added over 4% gain. On the flip side Nifty IT tumbled 2.82 percent on weekly basis. Midcap and Small Cap measures rising nearly 2 percent as well.

In Nifty stock, EICHERMOT gained 11.31% while TECHM lost 5.98% on a weekly basis. INDIA VIX closes at 23.10 suggests volatility driven market is going to remain intact. Coming to the OI Data, on the call side highest OI witnessed at 17000 Nifty followed by 16800 Nifty strike price while on the put side, the highest OI was at 16000 Nifty followed by 15800 Nifty strike price. Technically, Nifty has formed a Tweezer Bottom type pattern in the weekly chart suggesting a short term buying rally may drive the market until monthly expiry. On the daily chart, price has rebounded from the lower Bollinger band as well.

Momentum indicators MACD & Stochastic were trading with a positive crossover & reversed from oversold zone. However, Index is still struggling to get the support of 50 Simple Moving Average in daily chart. Short term investors and traders are advised to work with option strategies to neutralize the volatility. Overall, Nifty is having support at 15700 mark while on the upside 16700 followed by 16500 may act as an immediate resistance. While Bank nifty has support around 32500 while resistance is placed at 36000 on weekly chart.

Sumeet Bagadia
Executive Director
Choice Broking

Source: Choice India

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