5 must know websites for Indian stock market investors
There are tons and tons of information when it comes to stock market on the internet, but as a beginner or an active investor which investing websites should you use?
Luckily, for Indian stock investors there are a few sites mentioned below which will help you to keep yourself updated about all the happenings in the stock market.
Following are the 5 websites for every Indian investor:
Moneycontrol is the most used website by Indian investors. Almost every investor in India would be using the Moneycontrol app on their phone. It will give you all the information about the markets, whether it is the latest news, charts, live stock prices, mutual funds, commodities, currencies etc
You can read companies’ balance sheet, cash flow statement etc and read technical charts. You can make your own virtual portfolio and track shares by creating your own MarketWatch.
They also provide a forum where investors have discussions about the latest happenings in stock market or any stocks. (Please make sure you don’t get influenced by any of the discussions there)
Screener is a website for reading the financial statements and financial reports of the company. Most experienced investors use this website.
You can find a lot of information of the company you want to analyse on this website. You can find the general information like balance sheet, profit and loss statement, cash flow statement, financial ratios, peer comparison, annual and quarterly results. In addition to it, you can also download the data from this website in excel form. Besides, you can add stocks to your watch list to get notifications in your mail if there is any corporate action in the stocks.
Screener simplifies all the financial information and presents it in a very simple way to understand.
Best website to stay updated about market news. Similar to money control, the ET market also have their app from where you can learn about the stock markets and get daily updates directly on your mobile phone.
Trendlyne is a stock market website which helps you in analysing stocks. It is an analytic based stock market platform for retail investors. Trendlyne also has a section to update you on news in any sector. There are various parameters by which you can analyse stocks on trendlyne.
Markets Mojo uses an algorithm to analyze stocks. Market Mojo will simply tell you if the stock is attractive, expensive or risky based on various parameters. Markets Mojo has its three dot parameters – quality, valuation and financial trend.
Market Mojo also has a ‘portfolio analyzer’ tool which tells if your portfolio is too concentrated towards one sector or compromises of high beta stocks.
NOTE
There is another website called INVESTOPEDIA, where investors can learn about various financial market jargons.