Where to Find 1-Minute or 15-Minute Bar Data for NIFTY50 Companies
In the world of financial data, accessing minute-by-minute or 15-minute bar data is crucial for traders and analysts. The NIFTY50, India's most liquid index, provides a wealth of opportunities for research and analysis. However, finding the right source of this data can be challengesome. Here's a comprehensive guide to help you locate 1-minute or 15-minute bar data for NIFTY50 companies.
Why NIFTY50?
The NIFTY50 is a benchmark index that represents the stock performance of the 50 largest and leading companies listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). It serves as a key indicator of the Indian capital markets' overall performance. Accessing minute-level data for NIFTY50 can provide valuable insights into market trends, pricing, and volatility.
Options for Finding NIFTY50 Bar Data
1. Index’s Website
It is worth starting your search on the official website of the NIFTY50. Although NSE and BSE do not provide minute-level data directly, they do offer a range of historical and real-time market data. You may need to explore their content or contact their support team for specific data requests.
2. Data Providers for Indian Markets
One of the most reliable sources for minute-level data in the Indian market is data providers who cater specifically to Indian markets. For instance, AlgoSeek offers historical 15-minute or 1-minute bar data for US stock markets, and similar providers likely exist for the Indian market.
Where to Find Data Providers:
DataFeed Depot: A popular platform for historical and real-time data, including minute tick data, for various exchanges across the globe. They have a dedicated section for Indian market data. Alpha Vantage: Offers free and premium APIs for historical data, including intraday data, which covers minute bars. Quandl: Another reliable source for financial data, which includes minute-level data for a wide range of markets, including India. Note that they may require a subscription for more extensive access.3. Research and Academic Institutions
Research and academic institutions may also have access to minute-level data. If you are affiliated with an academic institution, you might be able to access these data through your institution's resources. Universities with strong departments in finance, economics, and data science often have partnerships with data providers or maintain extensive database repositories.
Key Considerations When Choosing a Data Provider
When selecting a data provider, consider the following factors:
Data Quality and Reliability: Ensure the provider offers high-quality, reliable, and accurate data. Survivorship bias, or the inclusion of only those companies that have continued to trade, is a critical issue. Providers like AlgoSeek address this by providing data that is "as-is." Distribution Models: Check whether the provider offers bulk downloads, APIs, or real-time streaming services. APIs can be particularly useful for automated data retrieval and integration into trading algorithms or analysis tools. Cost and Subscription Plans: Some providers offer free access to certain levels of data, while others require subscriptions. Ensure that the cost and subscription plans align with your needs and budget. Support and Customer Service: Good customer support can make a significant difference, especially when dealing with technical issues or data discrepancies. Look for providers with a responsive support team.Conclusion
Accessing minute-level or 15-minute bar data for NIFTY50 companies is essential for research, analysis, and backtesting. While the official NSE and BSE websites may not offer this data directly, there are several data providers that specialize in Indian markets and global indices. Providers like AlgoSeek, DataFeed Depot, Alpha Vantage, and Quandl offer high-quality, reliable data that can be tailored to your specific needs.
By carefully considering your requirements and evaluating different providers, you can find the best source of NIFTY50 bar data to suit your research or analysis needs.