Xiaomi-led Chinese brands capture 74% of India’s smartphone market

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New Delhi, Oct 28 | Led by Xiaomi, Chinese brands captured 74 per cent share in the Indian smartphone market in the third quarter (Q3), as overall shipments declined 2 per cent (on-year) to reach over 52 million units, a new report showed on Thursday.

Xiaomi led the market with a 22 per cent shipment share while Samsung captured the second spot with a 19 per cent share.

Samsung led the mid-to upper-tier price segment (Rs 10,000-Rs 30,000) with a 25 per cent market share while OnePlus registered its highest ever shipments in India (Its Nord series cumulative shipments crossed 3 million units), according to the report from Counterpoint Research.

“The consumer demand outweighed the supply due to the high pent-up demand. Keeping in mind the global component shortage, most of the brands were aggressively working to secure enough stock for the festive season,” said senior research analyst Prachir Singh.

The 5G smartphone shipments crossed the 10-million mark for the first time in Q3 2021. Vivo became the top 5G smartphone brand for the first time, followed by Samsung, OnePlus and realme.

Online channels captured around 55 per cent of the smartphone shipments during the quarter.

realme led the 5G segment in the sub-Rs 20,000 price tier with the highest-ever shipments. It captured the fourth position with the 14 per cent share while Oppo took the fifth position with the 10 per cent share.

“The smartphone market continues to show signs of resiliency and the quarterly numbers would have been even higher if not for the component shortages that escalated during the quarter,” the report noted.

Source: IANS

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Share Market Closing Bell: Nifty ends below 16,150, Sensex falls 236 pts

Share Market Closing Bell: Nifty ends below 16,150, Sensex falls 236 pts

The NIFTY 50 had a positive opening and made an intraday high at 16262.80 level but showed selling pressure from the top and made an intraday low at 16078.60 level and closed the session at 16125.15 level with a loss of 89.55 points However, Bank nifty closed the session at 34290 level with a gain of 42 points. VIX closed at 25.70 up by 9.83%.

33 stocks out of NIFTY 50 closed in Red which suggest broad based selling. Nifty Healthcare, FMCG, IT, capital goods indices down 1 percent each while Nifty Auto & Bank ended in Green. Nifty Stocks like DRREDDY, GNFC, POWERGRID, KOTAKBANK were the top gainers, While DIVISLAB, TECHM, GRASIM & HINDUNILVR were top losers. The Nifty has confirmed the shooting star kind of pattern on a daily time frame which indicates downside movement momentum for an upcoming session.

Moreover, from the last 14 days Nifty has been trading in a range of 15750-16410 levels, either side breakout can direct further direction. In addition, Nifty has given a closing below 21-Day Moving Average which indicates weakness in the Nifty.

However, the momentum indicators MACD & Stochastic were trading with a positive crossover & reversed from oversold zone on a daily chart which suggest a northward journey in the Nifty. The Nifty may find Strong support around 16000 levels, while on the upside 16300 may act as an immediate hurdle. On the other hand, Bank nifty has support at 33600 levels while resistance at 34800 levels.

Palak Kothari
Research Associate
Choice Broking

Source: Choice India

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