Tag: Share market

3 best apps for stock market updates

Whether you are a fresh investor new on the market, or an experienced player well acquainted with the market trends, you need to keep abreast with the constantly shifting share market. It is a complex and volatile space that is never stagnant. There is an endless need to update oneself with stock market news to successfully invest and realize returns. Thankfully, there are a number of extremely helpful apps online that give you stock market live updates and help you trade efficiently on the go.

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We have made a list of the best 3 apps that you should use:

  1. Moneycontrol Markets on Mobile: This is the most inclusive and useful app that is basically a solution for all your informational needs. It provides latest news and updates about your preferred stocks and Indices, tracks your investment portfolio, and even gives you financial advice from other investors on the forum. It is easily available and works across all platforms and devices.
  2. The Stock Watch: This app is what you need if you want to keep a close watch on your favourite stocks. It gives you real-time quotes on Indian stocks, provides intra-day charts from BSE/NSE, gives latest updates about financial news, NSE futures, equities and so on. It is also the highest rated app for android users to follow the economy.
  3. Investar: Through this app, you can view NSE stock charts and make informed decisions about which stocks to buy/sell. There are various technical indicators available for users, along with real-time quotes. You can add your favourite stocks to your watchlist that keep updating its stock charts every 5 minutes. The free app provides a limited number of watchlists, but you can get unlimited access if you make in-app purchases. With their new feature of The Watchlist Synchronization, you can back up your previous watchlists and sync the app to a desktop software of the same app. Investors work on all platforms and devices.

All you need to know about ELSS Funds

Breads are of different types, but whole wheat bread is the best for health. Similarly, mutual funds are of various types but Equity Linked Saving Scheme or ELSS funds help you save on tax. Basically, ELSS is a type of mutual fund with tax benefits, where you can save income tax up to 1.5 lakhs under Section 80C. These funds have a lock-in period of 3 years and a majority of their portfolio lies in investing in stock markets.

elss funds

Read on as we tell you the basic know-hows of Equity Linked Saving Scheme.

How to invest in ELSS?

You can invest in ELSS funds by going to your preferred company’s website. The investments can either be in lump sum or in instalments. However, point to be noted is that each instalment is considered to be a fresh investment, and the lock-in period for each instalment would be 3 years, separately.

What tax benefits can be availed from an ELSS?

An investor of ELSS can attain tax benefits of up to Rs 1.5 lakhs in a year. The returns generated on the investments are also tax-free on completion of three years. In case of instalments

Everything You Wanted to Know about India’s Two Biggest Stock Exchanges

India is one of the top emerging economies of the world. India’s robust economy withstood the effects of the 2008 financial crisis, thanks to its strong financial roots.

A major indicator of India’s economic prowess is its share markets a.k.a. stock markets. They have helped commuters and companies alike. Companies list themselves to raise funds and people invest to make money, the stock markets have changed many a life.

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Most of India’s trading is done at two stock exchanges, the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). Although both are located in Mumbai, India, they are often confused by many to be similar or the same. They are not. The BSE and NSE are quite different. Read on to know them.

Bombay Stock Exchange (BSE) National Stock Exchange (NSE)
Established in 1882, it’s Asia’s oldest stock exchange and 11th largest in the world in terms of market capitalization. Established in 1992, it’s India’s largest stock exchange in terms of number of trades and daily turnover.  It’s the world’s 12th largest stock exchange.
More than 5,500 companies are publicly listed on the BSE. More than 1500 companies are publicly listed on the NSE
BSE’s market capitalization (total market value) is $1.43 trillion. NSE’s market capitalization is $ 1.41 trillion.
BSE’s flagship index is known as Sensex which shows the 30 top trading companies. NSE’s flagship index is known as NIFTY and shows the 50 most traded companies.
The BSE On-Line Trading (BOLT) was first introduced in 1995 a few years after NSE introduced modernized trading system. NSE was the first share market to introduce modernized trading system in 1992.
BSE’s reach is limited to certain areas and isn’t known by all. NSE’s reach is national and is known by all across the country.
Companies such as Reliance Industries, TCS, and HDFC Bank trade on BSE. (These are top companies based on market capitalization) Companies such as ONGC, ITC, and SBI trade on NSE.

(These are top companies based on market capitalization)

The two bourses are a good indication of the progression of India’s financial sector. Many people have invested in these markets and have earned good profits. However, a lot of people invest and trade without proper knowledge and suffer heavy losses.

If you are interested in trading at these two share markets, you will need a good broker.  Brokers are members of these markets and are licenced to trade at these markets. They trade on your behalf and charge a fee for it. A good broker to start with would be Sharekhan, they have a lot of franchisees with excellent research data and superb brokers who help you make the right trade.

How does the share market function?

While we all know what a stock market is and this where all the shares are traded, however, many are still unclear about how it works.

To begin with, a stock market is where all the financial instruments such as derivatives and stocks are traded. Be it the broker, the company that issues shares, investors or the traders, all of them need to first register with the stock exchange as well as Securities and Exchange Board of India.

share-market-function

The company who issues shares is listed through IPO, i.e. Initial Public Offering in the primary market such as ICICI bank share price, SBI share price, and share price of other banks and companies. All the details about the company as well as the number of shares to be issued are mentioned in the offer document. The stocks are then allotted to the investors as per the bid.

Once the stocks have been listed, they can then be traded in the secondary market. There are many brokerage firms as well as brokers who play the role of intermediaries between the investor and the stock exchange. When you place an order with the broker, he then forwards it to the exchange which in turn checks for a share sell order matching with the same share.

When a particular price is decided upon by the seller and the buyer, the order is confirmed by the exchange and hence communicated to the investor’s broker. The exchange also ensures that both the buyer and seller, do not default. After this is done, the ownership of the shares is then transferred which is called as settlement.

Once the order has been placed, there cannot be any cancellation. Therefore, it is very important to think, analyse, and decide in order to place any order in the stock market. The trade that has been confirmed has to take place as it is a question of sanctity on behalf of the stock exchange.

Importance of Share Market Research

In life, there are certain times, when we need to do a lot of thinking before we could arrive at a decision. In today’s world, with so much negativity around us, and people trying to make profits out of us even as we speak, it becomes imperative to double check, especially at the time of making any financial commitments. As our hard earned money needs to be taken care of in a sensible manner, it is important to make smart financial investments. While making investments, a lot of people get cold feet.

technicle research

Making investments is quite different from investing your money into buying property, vehicles, etc. As when you buy a product, you basically pay in order to get a commodity in your hand, depending on the quality of the deal you have made, you may end up with a good product or a faulty one. In order to make it a smart move, you can return a faulty product, and replace it with a good one. Investments on the other hand do not usually give you something in return for the amount you have paid, other than the promise of getting something usually better than what you have paid for now. The quality of the investment made can only be determined after a certain period of time.

In order to enable yourself to be able to take smart decisions in life, it becomes essential to do your home work before making an investment. Especially when it comes to share markets, one must conduct a thorough share market research before taking a dive. Doing proper analysis of the market behavior, technical research of the company, etc. are extremely important steps in order to improve your chances of achieving success. Websites such as Share Khan.com, etc. are always there to allow you to take their assistance in order to arrive at an acceptable decision. As it is always helpful to get a second opinion for what you have thought, and the opinion becomes all the more important when coming from an industry expert, there is tremendous scope in this field.