What Is NSE Screener? Beginner’s Guide
Introduction
If you’ve just started investing or trading in the Indian stock market, you’ve probably heard of the NSE Screener. But what exactly is it? And how do traders and investors use it to select stocks? This beginner’s guide explains what the NSE Screener is, how it works, and how to start using it for better stock selection.
What Is the NSE Screener?
The NSE Screener is a free tool provided by the National Stock Exchange of India (NSE) that allows users to filter and shortlist stocks based on specific criteria like:
- Price
- Volume
- Market capitalization
- Sector
- Daily performance
It helps you screen stocks that match your trading or investing goals from the hundreds of listed companies on the exchange.
Why Use a Stock Screener?
With over 1,800 stocks listed on the NSE, it’s impossible to manually check every one. A screener:
- Saves time
- Improves accuracy
- Helps avoid random or emotional picks
- Highlights opportunities based on real data
Whether you want to find undervalued stocks, volume breakouts, or high-ROE companies, a screener helps narrow down the list.
Key Features of the NSE Screener
| Feature | Description |
|---|---|
| Price Filter | Set minimum or maximum stock price |
| Volume Filter | Choose stocks with sufficient liquidity |
| % Price Change | Find gainers and losers for the day |
| Sector Filter | Focus on specific industries like IT, Auto, Pharma |
| Market Cap Filter | Screen by small-cap, mid-cap, or large-cap stocks |
Who Should Use NSE Screener?
The NSE Screener is ideal for:
- Beginners looking for simple stock ideas
- Long-term investors identifying stable companies
- Swing traders searching for breakout setups
- Analysts doing quick peer comparisons
It’s a great starting point before diving into detailed technical or fundamental research.
How to Access the NSE Screener
Steps:
- Go to https://www.nseindia.com
- Hover over Market Data
- Click on Screener
- Apply filters like price, volume, or sector
- View results and sort based on your strategy
Note: No login is required. It’s completely free.
Basic Example: Find Mid-Cap Stocks with High Volume
- Price range: ₹100 to ₹1,000
- Volume: More than 1,00,000 shares
- Sector: FMCG
- Market Cap: Mid-cap
→ You’ll get a refined list of stocks matching these criteria.
This can be used as a watchlist for deeper analysis.
NSE Screener vs Other Platforms
| Platform | Use Case | Custom Filters | Real-Time Data |
|---|---|---|---|
| NSE Screener | Beginners | ❌ Basic only | ❌ EOD only |
| Chartink | Technical traders | ✅ Yes | ✅ (Pro) |
| Screener.in | Fundamental investors | ✅ Advanced | ❌ |
| Tickertape | Mixed use | ✅ Limited | ✅ (Pro) |
Limitations of the NSE Screener
- Only basic filters available (no indicators like RSI, MACD)
- No real-time updates (EOD data only)
- No export or watchlist feature
- Lacks advanced financial metrics or custom formulas
📌 Use it for quick filtering, then switch to advanced tools for deeper research.
FAQs
Is NSE Screener free to use?
Yes, it’s available to all users without login or payment.
Can I use NSE Screener for intraday trading?
Not ideal. It shows end-of-day data only. Use Chartink or broker terminals for intraday screening.
Does it show financial ratios?
Only basic data like price, volume, and market cap. For PE, ROE, etc., use Screener.in.
Conclusion
The NSE Screener is a beginner-friendly tool that makes stock selection easier and faster. While it’s not the most advanced screener available, it’s perfect for early-stage filtering, especially for new investors and traders. Once you’re comfortable, you can combine it with tools like Screener.in or Chartink for more powerful screening.
Ready to take the next step? Check out our guide on how to use NSE Screener effectively.
