How to Develop a Share Market Website Like Moneycontrol in 2024

Do you ever lose yourself gazing at the market dance on the Moneycontrol website, thinking, 'I could build something like that!'

The dream of building a one-stop shop for stock market enthusiasts, or the one that empowers ambitious investors with real-time stock market information – it's a captivating vision.

Well, buckle up, because developing a share market website like Moneycontrol is more achievable than you might imagine!

The market for these platforms is booming, projected to reach a staggering $110 billion by 2033, a fourfold increase. This surge in demand is attracting investment opportunities in platforms like Moneycontrol.

So if you’re intrigued by the prospect of building your own empire of stock market news, then keep reading! In this guide, we’ll delve into every aspect of creating a robust share market news website, just like Moneycontrol.

We'll cover features, development processes, cost breakdowns, and everything you need to know to turn your vision into reality.

So, let's get started!

What is a Moneycontrol Website and Why is it so Popular?

Moneycontrol is a leading share market news and investment website. It allows finance enthusiasts to get a variety of financial information like stock market analysis, updates, company news, mutual funds, IPOs, commodities, currencies, personal finance, and more.

Several reasons make Moneycontrol a popular option for Indians. It includes:

• One-stop shop: The website offers a vast amount of information, from livestock prices and market analysis to business news, personal finance tips, and mutual fund insights.
  
• In-depth coverage: Serious investors rely on Moneycontrol for detailed research on individual companies and industries.
  
• User-friendly features: It provides tools like portfolio tracking, forums for discussion, and even live streaming of business channels.
  
• Wide reach: They cater to both experienced investors and those just starting their financial journey.

Overall, in order to build one of the best websites to invest in stocks, you need to know that Moneycontrol is a comprehensive and user-friendly platform that caters to a wide range of financial needs.

Also, if you are planning to develop a website like Moneycontrol, then you must consult with a custom website development company.

Why Developing a Share Market Website Like Moneycontrol is Profitable in 2024

Moneycontrol is one of the best stock market sites that provides users with a wide range of financial data, news, and analysis to make informed investment decisions.

Investing in Moneycontrol website development can be a very profitable opportunity for businesses. Let’s get a more clear answer by looking at some key points:

1. Growing Market

The demand for stock market information and tools is on the rise.

As mentioned earlier in the introduction, the market for stock market apps is projected to experience significant growth in the coming years. This indicates a large and potentially loyal user base you can tap into.

2. Multiple Revenue Streams

Stock trading websites offer various ways to generate income. Here are a few popular methods:

• Advertising: Sell ad space to financial institutions, brokerages, or companies targeting investors.
  
• Subscription Services: Provide premium features like advanced charting tools, in-depth research reports, or exclusive analyst recommendations for a monthly or annual fee.
  
• Freemium Model: Offer a basic level of service for free and charge for premium features, attracting a wider audience while still generating revenue.
  
• Affiliate Marketing: Partner with financial service providers and earn commissions by referring users to their platforms.

3. Recurring Users

The stock market is constantly changing, creating a need for investors to stay informed. By providing valuable and up-to-date information, you can build a loyal user base who keeps coming back for your services.

4. Data is Valuable

Financial data is a valuable commodity. By offering tools for users to analyze and interpret market data, you can position yourself as a trusted resource and attract premium users.

5. Low Barrier to Entry

While development costs can vary, compared to some other businesses, starting a financial website doesn't necessarily require a massive initial investment.

You can start with a basic offering and gradually add features as your user base grows and revenue increases.

What Features You Must Include When Developing a Website Like Moneycontrol

In order to build the best website to learn about the stock market, you must include some special features aside from the basic ones that users expect from a simple share market website.

Here are some of the common yet must-have features that you should include when building a site like Moneycontrol:

1. Real-time Market Data

You can give users the most up-to-date stock market news about shares by adding real-time stock market information, like prices, charts, and indices.

However, it is important to develop an app that can be beneficial for your business and can help users check real-time share market data on their mobile app.

2. Navigation Menu & Market Radar

When building a site for the share market, add a mega menu for each area to make it easier for users to look around their favorite market site. Moreover, the streamlined Market Radar aids in efficient stock tracking.

3. Portfolio Tracking

As the name sounds, this feature allows users to keep an eye on their investment portfolios, which may contain stocks, mutual funds, bonds, and assets. It’s done by offering them methods of analyzing and visualizing success.

4. Customized Watchlists

To keep track of users’ selected stocks, mutual funds, and other investing options, you must allow users to build custom watchlists. But, you can also build a trading app like Zerodha for a huge user base and integrate a customized watchlist feature in it.

5. News and Analysis

This feature is what makes a simple share market website the best site to analyze stocks. On your website, you can provide a wide range of financial news, like market updates, expert analysis, and data about different businesses and industries.

6. Mutual Funds

Moneycontrol’s mutual fund feature includes numerous varieties. It gives suggestions of the finest mutual funds to purchase. It gives investors Crisil rank and monthly/yearly performance. Users only need to visit the website and choose a mutual fund to invest in. For instance, you can explore a trading app like Groww, which allows users to invest in mutual funds.

7. Research Reports

One thing that really helps stock market analysis websites stand out is research reports. When you develop a share market website like Moneycontrol, give users access to analysis, research, and suggestions from financial experts so they can make better investment choices.

8. Interactive Tools

Aside from focusing on making the best website for stock market news, you can also provide interactive tools to help users assess investment alternatives. For example, comparison charts, screeners, and calculators.

9. Mobile Compatibility

Remember to ensure that the website is completely responsive and optimized for mobile devices. This way, users can easily access the share market information while on the move.

10. Community Features

You must include social features to foster communication between investors and enthusiasts. These features can include forums, discussion boards, and user-generated material.

11. Premium Subscription Options

When you’re developing a share market website like Moneycontrol, you must offer premium membership plans with additional features, exclusive content, and tools for traders and investors.

By adding these special features, you can develop a site like Moneycontrol that caters to the needs of investors and financial enthusiasts.

To know more about what features you should add to your website, it’s best to contact a custom web development services provider. They can help you with everything you need to know about the stock market website.

Also Read: Why You Need Custom Web Development Services

How to Develop a Share Market Website like Moneycontrol in 6 Simple Steps

After looking at why it is profitable to build a website like Moneycontrol, and the features you must add, it’s finally time to delve into the whole website development part.

You need first to understand that creating a share market website requires a thorough expertise of technologies and frameworks. You don’t need to worry if you lack expertise because there are many website development companies you can choose from to help you.

But first, let’s look at the detailed step-by-step procedure of Moneycontrol website development.

Step 1. Requirement Analysis

Before you begin the process of developing a website like Moneycontrol, it’s essential to validate your idea and analyze which resources will be utilized and how the website will work.

To do this, you must consult the development team and decide what features you desire to add.

To handle a large amount of data and deliver timely updates on stock prices and financial news, the smooth operation of a share market site requires reliable frameworks and databases.

Step 2. Website Design & Wireframe

Once you know what kind of website you want and the related requirements are clear, the next stage is to plan the layout and user interface of the website.

The web design company will create wireframes and prototypes to visually represent the structure and design aspects.

The design of your website should be intuitive, with quick access and features that make it easy to find news about stocks, other financial data, and more.

Must-Read: Web Design Trends to Improve Your Brand Image in 2024

Step 3. Develop A Moneycontrol Website

Once the web design is done, developers will start building the website’s front end and back end. The front end is responsible for creating the interface’s visual elements and interactivity code.

Whereas the backend development works on server-side coding and database management to process data and verify users.

For creating a stock market website, the web development company will work on using cutting-edge technologies. For effective results, you can even create an app like Moneycontrol so that users may find it convenient to use and attract more audiences.

Step 4. Test Your Website

Before your website launches, it is vital to thoroughly test your site to make sure it works properly and gives users a smooth experience.

For the best possible results, it’s best to get in touch with software testing service providers who may find bugs, and check the compatibility across devices and browsers.

Testing for popular stock market websites like Moneycontrol requires verifying the accuracy of stock prices, analyzing how well the website functions on mobile devices, and making sure all features function as intended.

Step 5. Server Setup & Final Launch

After the web testing is done and all issues are fixed, the website is ready to go live. Getting the share market website up and running on a server and accessible to users is what this stage is all about.

So, when you launch your website, set up servers that can manage a lot of traffic and make sure that data is sent over the web safely.

Step 6. Website Maintenance & Support

Once your website is running, you need to keep in mind that it needs regular maintenance to keep it running smoothly.

Check for problems, update content, and make other changes based on feedback from users all part of this. If you notice that the loading speed of your website is slow, then it needs an update.

Whether it’s app maintenance or website maintenance, maintenance is important to give users access to the most recent financial news and data. Also, it allows the platform to adjust to shifting user preferences and market conditions.

How Much it Will Cost You to Develop a Website like Moneycontrol

Now you must be thinking “How much does it cost to develop a share market website like Moneycontrol?”. Well, the total cost of website development depends on a lot of factors, such as complexity, features, and the web development agency or developers you’re hiring.

However, on average cost to develop a website like Moneycontrol lies between $10000-$30000 or even more. Below we have an overview of Moneycontrol web development cost in a table format:

Website Complexity	Total Cost Range	Time Duration
Simple Moneycontrol Website	$10000-$14000	2-4 Months
Moderate Moneycontrol Website	$15000-$20000	4-6 Months
Complex Moneycontrol Website	$21000-$30000+	6-9 Months

Aside from this, you may calculate the cost of developing a website like Moneycontrol by using the given formula.

Total Web Development Cost = Total Web Development Time X Hourly Rate Of Developers

Since you are aware of the cost of making a share market website like Moneycontrol, if you build a trading app like RobinHood, then the app development will cost around $ 10,000-$ 25,000 or more. It may fluctuate based on the functionalities you add to your app.

Additionally, these are just the rough estimates of the Moneycontrol website or Moneycontrol app development cost, you must consult with web or app development experts to get a detailed cost breakdown as per your requirements.

Related: Fintech App Development Cost in 2024

How Arramton Can Help You Build a Cost-Effective Share Market Website Like Moneycontrol

Now that you know the complete process of web development for a website like Moneycontrol, it is time to transform your website idea into reality.

You can develop a stock market website that keeps users engaged if you know what the core functions are, and what users expect. If you doubt whether you do it or not, it is advisable to consult a well-known company like Arramton Infotech.

Our dedicated professionals will help you build a robust as well as user-friendly website like Moneycontrol or build an app like Moneycontrol that adheres to all the given requirements and is within the desired budget.

Our team is proficient in creating any custom-built stock market website for our clients. So, what are you waiting for? Get in touch with us today because together, we can create a website like Moneycontrol within your budget.

Frequently Asked Questions

Q. How to create a website for the share market?

Ans. You can hire a professional developer or web development agency to develop a stock market website. The process usually involves several steps including:

• Planning features and functionalities
• Choosing website development tools
• Design and development
• Data integration for stock information
• Security measures

Q. What kind of website is Moneycontrol?

Ans. Moneycontrol is a leading Indian financial website that offers livestock prices & market analysis, business news & personal finance tips, investment research & mutual fund insights to users.

Q. Which site is better than Moneycontrol?

Ans. There’s no specific answer to this question as determining the "better" website depends on individual needs. Therefore, it is best to explore options and compare features to find the best fit for you.

Q. Who owns the Moneycontrol website?

Ans. Moneycontrol is owned by Network18 Media & Investments Ltd.

Q. Which is the best website for the Indian stock market?

Ans. While the "Best" is subjective, it depends on the preference of an individual, some popular options include Moneycontrol, Economic Times Markets, and Investing.com.