Our February Initiatives: Working Towards Effortless Investing!5 min read
I hope you have a March filled with the same energy and growth that spring brings to nature!
We are grateful for your support and feedback as we rolled out new features last month. Your feedback has been incredible, and our team is excited to continue improving your Paytm Money experience.
February was a remarkable month for the Indian stock market. The benchmarks logged their eighth consecutive decline, a streak not seen since 2019! This downturn may be attributed to a combination of factors, including global economic uncertainty, weaker-than-expected Q3 FY25 earnings, and high valuations. Foreign Institutional Investors (FIIs) selling further contributed to the dip.
That said, there’s reason for optimism! There have been positive developments, such as declining CPI and increasing industrial production.
Globally, markets are sending mixed signals. US markets are relatively flat with some sectors outperforming others while European markets had a strong week, driven by positive earnings reports from some companies. Asian markets are mixed, with some indices retreating after initial rallies. Amid rising US-EU trade tensions and potential tariff issues, investors are staying cautious.
As we keep an eye on these developments, we’ve been working hard behind the scenes to bring you tools to simplify investing and trading. Here’s what’s new this month:
1. Instant Market Pulse with the New Widget
Track trending stocks and stay ahead of the market with our new widget, now available directly on your homescreen! This dynamic widget provides a real-time snapshot of the most popular stocks being bought by Paytm Money customers across various trading segments:
- Delivery: Identify stocks seeing the highest buy volume for long-term potential.
- MTF: Discover stocks attracting significant interest in margin trading.
- ETFs: Monitor the most sought-after ETFs for insights into broader market trends.
- Intraday: Track popular intraday trading stocks to capitalize on short-term movements.
- AMOs: See which stocks generate buzz after market hours, hinting at potential overnight developments.
The widget also displays the 1-day return and a mini-chart for each stock, giving you a quick view of recent performance. Tap the widget to access the “View All” page for an expanded list of stocks and price filters for more granular analysis. This feature empowers you to make data-driven decisions, saving you time and keeping you informed about market activity. Know more about the feature in this blog.
2. Revolutionizing Order Placement with the Order Pad Revamp
We’ve completely revamped the order pad to streamline and optimize your equity trading experience. Key upgrades include:
- Order by Value: Place orders by specifying your total investment amount, letting the system calculate the quantity.
- BSE/NSE Switch: Seamlessly switch between exchanges directly on the order pad.
- Quick MTF Orders: Quickly assess and place MTF orders for leveraged trading.
- Simplified UI/UX: An improved layout puts all key options upfront for a smoother trading experience.
These enhancements translate to faster order placement, greater flexibility in order entry, effortless exchange selection, and simplified MTF access. The cleaner interface and improved responsiveness enhance your overall trading journey. Learn more about this feature on our blog.
3. Watchlist Management at Your Fingertips
Managing your watchlist became easier with the new Long Press Quick Action Tab. Simply long-press on any symbol in your watchlist to access a pop-up menu with essential actions:
- Edit Watchlist: Rearrange, delete, or save symbols quickly.
- Price Alert: Set price alerts to monitor price movements.
- Start SIP: Initiate a Systematic Investment Plan (SIP) for a selected symbol (excluding F&O).
- Option Chain: View the option chain for the symbol (if applicable).
- Trade (Trader Mode): Place trades directly from the watchlist.
This feature streamlines your workflow, reduces navigation, and saves valuable time. It’s especially beneficial for active traders who need quick access to key functions.
We cover this feature in detail in this blog.
4. Introducing BSE F&O Option Chain now on Paytm Money
In a major improvement, traders can now access option chains for BSE indices like SENSEX and BANKEX directly on Paytm Money’s mobile and web platform. With this upgrade, traders do not have to scramble for data across multiple sources, thus improving efficiency. Dive deeper into the details in our blog.
5. Enhanced F&O Dashboard: Your All-in-One F&O Hub
The F&O Dashboard has been significantly upgraded to provide traders with enhanced market monitoring and decision-making capabilities:
- Market Movers: Track high-activity F&O contracts in real-time.
- F&O Screeners: Easily scan F&O contracts with significant trading trends.
- Market Scanner: Identify stocks trading at a premium or discount to their spot price.
- Market-Wide Position Limit (MWPL) Data: Stay informed about banned stocks and potential bans.
- Options Activity Insights: Spot trends like sudden Call/Put Open Interest (OI) spikes.
Discover all the details in our blog.
6. Daily SIP: Thoda Karo Par Daily SIP Karo
Investors can now choose to invest a fixed amount daily, rather than monthly, in a mutual fund of their choice. This strategy can ensure you never miss out on any market swings. With daily investing, your NAV cost averages out much more smoothly than with a monthly SIP.
These updates are designed to help you trade smarter and invest more confidently. Whether you’re new to investing or refining your strategy, Paytm Money is here to empower you with the right tools and insights.
I will be back with a new version of this letter in the beginning of April. Until then, happy investing!
