If you’re trading shares, it is highly important that you keep analyzing how your stocks perform as compared to similar companies and the market. As each new piece of information regarding the company is released to the market, its share price fluctuates. If you stay up to date with this information, you can potentially capitalize on an opportunity or minimize your loss when the situation goes bad.
To stay up to date with the latest company updates and share market basics, you can make use of various channels such as the business section in the paper, websites, and special mobile applications. TV channels such as CNBC TV, NDTV, etc. can help you stay updated with the share market news in real time. You can also make use of websites such as moneycontrol and economic times, which can be conveniently accessed from your desktop computer, laptop, or even mobile devices. Speaking of mobile devices, you have plenty of iOS and Android apps at your disposal. These mobile applications such as ET, BSE/NSE, Edelweiss, and Angel Broking will come in handy, especially for those who are constantly travelling.
Those who are working as traders in companies can leverage their in-house applications. For example, trading houses such as Motilal Oswal, Angel Broking, and Kotak Securities have their own apps. In addition to this, you can also keep monitoring company websites and set up watchlists for monitoring the performance of your current shares or of those you wish to invest in.
Below, we have listed some of the most favored information mediums currently used:
There are several websites that you can use to get your updates; however, MarketATP has great features that make it worth a try. The most important feature of the MarketATP website has got to be the BSE announcements, share market live updates, and price alerts or updates that you get. It has the facility to provide you with push notifications on your PC or mobile device whenever an announcement related to stocks in that index is made. In addition to this, you can also set price alerts for your stocks. That way, whenever a stock hits a particular price, you will get an instant update that you can take action upon. This feature will prove to be especially useful in case you’re unable to monitor the prices in real time yourself.
Data analytics plays a very big part in the modern stock market, and one such platform that leverages the power of big data is Spotalpha. It can provide investors an edge over the competition with its investing and trading tools. With the power of computational finance, these tools help retail investors minimize their risks and maximize returns. These tools are designed to be very easy to use and have a learning curve that is easy to master.
StockEdge: What makes StockEdge stand out from its competition is its innovative, easy-to-use interface. Using this app, you can create technical scans and sector-wise distribution of stocks, with further scope of categorization of FII/DII activities in India, constituent industries, and more. This data can be presented in the form of graphs and charts that are easy to interpret. This will greatly reduce the time you take to analyze a data set and help you make quick, accurate decisions.
Scutify: One good way to expand your portfolio is to learn from players who have been there and done that. Scutify lets you build a social network of like-minded investors, from whom you can learn new things to further strengthen your portfolio and also keep abreast with the latest price changes and industry news. It also lets you track individual stocks and can send updates straight to your smart devices.
Apart from these two, other well-known apps you can use are Money control, ET Markets, Yahoo Finance, and NSE Mobile Trading.