As a stock market trader, staying up-to-date with the latest market fluctuations is crucial. Modern traders keep a close eye on equity movements, frequently checking in on them hourly or even more frequently.
Fortunately, the widespread availability of high-speed internet and user-friendly smartphone apps has made it easier than ever for traders to stay informed and operate efficiently. These financial apps offer a range of convenient features, allowing traders to access real-time market prices, create virtual portfolios, generate stock charts, track market trends, and monitor their own portfolios – all from their mobile device or tablet.
Apps to Understand Stock Market
1. Moneycontrol
Moneycontrol is the go-to app for staying updated on financial markets. If you’re looking for a single stock market app to have on your smartphone, we highly recommend this one. Despite its user-friendly interface, the app is packed with a wealth of news and information.
With the Moneycontrol app, you can stay informed about the latest developments in both Indian and international financial markets, right from your smartphone. The app covers a wide range of assets, including indices (Sensex and Nifty), stocks, futures, options, mutual funds, commodities, and currencies from the BSE, NSE, MCX, and NCDEX markets. This comprehensive coverage makes it easy to track and monitor a variety of investment options.
2. MarketsMojo
If you’re looking for a powerful app for conducting fundamental research on the stock market, MarketsMojo is an excellent choice. This app offers pre-analyzed data on every stock, financial, news item, price change, broker recommendation, technical, and other relevant information in the Indian stock markets, making it a comprehensive resource for investors.
The app’s Mojo Quality rank reflects a company’s long-term performance relative to its competitors, while its valuation determines its stock price at the current moment. Additionally, the app provides insight into a company’s ability to generate revenue and its current financial trend, indicating whether it’s on a growth path.
The Portfolio Analyser feature is especially helpful, as it doesn’t just track an investor’s holdings but also identifies any undiscovered opportunities or risks and provides actionable advice. Overall, MarketsMojo is an essential tool for any investor looking to make informed decisions in the stock market.
3. Trendlyne
Trendlyne is a top-tier stock market app in India, offering a variety of powerful tools for market research and analysis. Users can access real-time newsfeeds, portfolio and watch list management tools, notifications, stock screeners, SWOT analysis, stock statistics, and other valuable features.
Some of the key features of the Trendlyne app include market inputs from the NSE and BSE, DVM stock performance tracking for both technical and fundamental indicators, and real-time information on price feeds, technicals, SMA/EMA, delivery, volume, insider trades, large-block transactions, and more.
The app also offers SWOT analysis for each stock and strong stock screeners, ranging from Red Flags to Expert Strategies. With these features and more, Trendlyne is an essential resource for any investor looking to conduct in-depth research and analysis of the Indian stock market.
4. Tickertape
Tickertape may be a relatively new app, but it has quickly become one of the most popular and highly regarded stock market apps in India. This cutting-edge application puts you in complete control of the stock analysis process, with a robust ecosystem and effective tools to help you better understand the industry and how to navigate it.
Tickertape’s focus is on key metric analysis, providing detailed stock analysis for each of India’s publicly traded corporations. The app also includes an advanced screener with 130 filters, allowing you to evaluate any Indian stocks.
One of the app’s standout features is the Market Mood Index (MMI), a market emotion indicator that traders use to accurately time their trades. Additionally, the app presents news, events, and peer comparisons in a way that supports your investment decisions.
Finally, Tickertape offers Broker Connect, which helps you log in and link your broker account to your Tickertape account. With all these features and more, Tickertape is a must-have tool for anyone looking to succeed in the Indian stock market.
5. Fidelity Investments
Fidelity, named our Best Overall Broker for 2023, provides a range of mobile apps for iPhone and Android smartphones, with their investing app being the primary option for trading and regular investments. For everyday investors, Fidelity’s investing app is excellent as it enables you to perform banking transactions, transfer money between accounts, manage orders, and place trades. Bloom and Spire are also great options for novice investors.
The app offers streaming TV from Bloomberg, personalized feeds, news headlines, and research, which are consistent with Fidelity’s Active Trader Pro desktop platform.
While the app is not ideal for day trading or more complex trading, and its charting is basic, it has a fantastic design, and new features are continuously being added. Users can switch to a Beta Experience for a more condensed version of the app.
6. Trade Brains Portal
Trade Brains Portal is a rapidly rising stock market research app in India that provides many essential features such as Stock Screener, latest market news, stock buckets, and much more. It is considered one of the best alternatives to the Money control app in the Indian Stock Market.
Trade Brains Portal offers high-quality fundamental data and informative visualizations to aid investors in conducting thorough stock research and analysis. The app allows users to create multiple watch lists and stock portfolios to track their stocks in one place. Additionally, the Superstar portfolio function enables users to track the most recent stock portfolios of prominent investors.
7. TD Ameritrade
TD Ameritrade is a top contender for mobile apps in 2023 on both iPhone and Android smartphones. The brokerage offers two robust apps and zero-commission trades, making it an attractive option for investors. The TD Ameritrade Mobile app is ideal for novice investors and closely resembles the web interface. It includes features such as news, price alerts, syncing watch lists, basic charting, ratings, and research reports from third parties. For technical analysis experts, the thinkorswim mobile app is a powerful option with advanced charting packages that include over 400 indicators, similar to its web and desktop versions.
8. E-Trade
E*TRADE offers a comprehensive suite of mobile apps for both iPhone and Android smartphones, making it a top contender in 2023. The package includes the powerful Power E*TRADE app, which is ideal for trading, and the E*TRADE Mobile app, which is optimized for regular investing. E*TRADE Mobile is suitable for both novice and experienced investors, with a surprising level of depth and a wide range of tools. The app offers advanced charting with ten indicators, reports on advanced studies, and a ton of hidden capabilities. The interface is user-friendly, making it easy to navigate and discover new features.
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