What are the best tools for stock market research in India ?
To make informed investment decisions in the Indian stock market, you need reliable tools for **fundamental analysis, technical analysis, news tracking, and portfolio management**. Here’s a curated list of the **best tools** for stock market research in India:
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### **1. Fundamental Analysis Tools**
#### **A. Financial Data & Screening**
- **Screener.in** (Free/Paid)
- **Features**: Financial statements, ratio analysis, stock comparisons, and custom screens (e.g., high ROE, low debt).
- **Best For**: Identifying undervalued stocks, checking promoter holdings, and debt levels.
- **Tijori Finance** (Paid)
- **Features**: Deep dive into company filings, insider trades, and institutional activity.
- **Best For**: Detecting red flags (pledged shares, related-party transactions).
- **Trendlyne** (Free/Paid)
- **Features**: Stock grades, forensic accounting checks, and analyst forecasts.
- **Best For**: Quick fundamental scoring and earnings analysis.
#### **B. Economic & Sector Data**
- **RBI Database** (Free)
- **Features**: Macroeconomic indicators (GDP, inflation, forex reserves).
- **CEIC India** (Paid)
- **Features**: Industry-specific data (auto sales, cement production).
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### **2. Technical Analysis Tools**
#### **A. Charting Platforms**
- **TradingView** (Free/Paid)
- **Features**: Advanced charts, indicators (RSI, MACD), and community ideas.
- **Best For**: Swing traders and technical analysts.
- **Chartink** (Free/Paid)
- **Features**: Custom stock scans based on technical patterns (e.g., breakout, moving averages).
#### **B. Backtesting & Strategy Building**
- **Streak** (Paid)
- **Features**: Test trading strategies on historical data without coding.
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### **3. News & Sentiment Analysis**
- **Moneycontrol / Economic Times** (Free)
- **Features**: Real-time news, earnings updates, and expert opinions.
- **BloombergQuint** (Free/Paid)
- **Features**: In-depth market analysis and corporate announcements.
- **Sentifi** (Paid)
- **Features**: AI-driven sentiment analysis of stocks based on news/social media.
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### **4. Portfolio Trackers**
- **ET Money / Kuvera** (Free)
- **Features**: Track stocks, mutual funds, and ETFs in one place.
- **Smallcase** (Free/Paid)
- **Features**: Thematic portfolios (e.g., EV, dividend stocks) with auto-rebalancing.
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### **5. Brokerage & Trading Platforms**
- **5Paisa**
- **Features**: Advanced charts, margin calculators, and SIP in stocks.
- **Upstox Pro**
- **Features**: Algorithmic trading APIs for active traders.
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### **6. Government & Regulatory Tools**
- **SEBI SCORES** (Free)
- **Features**: Check company compliance, investor complaints.
- **MCA21 Portal** (Free)
- **Features**: Access company filings (annual reports, director details).
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### **7. AI & Alternative Data Tools**
- **Ticker Tape** (Free)
- **Features**: Stock comparisons, heatmaps, and peer analysis.
- **Yahoo Finance API** (Free)
- **Features**: Historical price data for algorithmic traders.
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### **8. Mobile Apps for On-the-Go Research**
| **App** | **Best For** | **Key Feature** |
|------------------|----------------------------------|--------------------------------|
| **Moneycontrol** | News & Market Trends | Live TV, stock alerts |
| **Investing.com**| Global Market Data | Forex, commodities, indices |
| **MarketsMojo** | Stock Ratings & Fundamentals | Mojo Scores (quant-based) |
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### **9. Free vs. Paid Tools Comparison**
| **Tool Type** | **Free Options** | **Paid Options (Worth It?)** |
|----------------------|---------------------------|------------------------------|
| **Stock Screening** | Screener.in (Basic) | Tijori Finance (Yes) |
| **Technical Charts** | TradingView (Free Plan) | TradingView Pro ($15/month) |
| **News & Sentiment** | Moneycontrol | Bloomberg Terminal (₹25K/month) |
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### **How to Build a Research Workflow?**
1. **Screen Stocks**: Use **Screener.in** to filter by ROE, debt, and growth.
2. **Analyze Fundamentals**: Check **Trendlyne** for red flags.
3. **Technical Check**: Plot charts on **TradingView**.
4. **Track News**: Follow **BloombergQuint** for corporate updates.
5. **Portfolio Management**: Monitor via **ET Money/Kuvera**.
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### **Pro Tips**
- **For Long-Term Investors**: Focus on **fundamentals + quarterly results**.
- **For Traders**: Combine **technical charts + news sentiment**.
- **Avoid Overload**: Stick to 2–3 tools you trust.
> 💡 **Did You Know?** NSE’s **Corporate Facts** tool provides free company financials.
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