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Nifty Bank
Nifty Bank Performance
-
Open
48,689.55
-
High
48,741.75
-
Low
48,188.10
-
Prev Close
48,570.90
-
Dividend Yeild
1.03%
-
P/E
13.03
Nifty Bank Chart
Nifty Bank F&O
Stocks Performance
Color code for Stocks Performance
- 5% and above
- 5% to 2%
- 2% to 0.5%
- 0.5% to -0.5%
- -0.5% to -2%
- -2% to -5%
- -5% and below
Constituent Companies
| Company | Market Cap | Market Price | Volume | Sector |
|---|---|---|---|---|
| State Bank of India | ₹677379 Cr |
₹744.2
(1.81%)
|
12243991 | Banks |
| Kotak Mahindra Bank Ltd | ₹376441 Cr |
₹1888.05
(0.11%)
|
3832937 | Banks |
| Federal Bank Ltd | ₹47230 Cr |
₹187.2
(0.62%)
|
10605684 | Banks |
| HDFC Bank Ltd | ₹1255662 Cr |
₹1646
(1.18%)
|
15397023 | Banks |
| ICICI Bank Ltd | ₹844457 Cr |
₹1192.55
(0.83%)
|
12045761 | Banks |
Nifty Bank Sector Performance
Top Performing
| Sector Name | Percentage Change |
|---|---|
| Ship Building | 2.92 |
| Infrastructure Investment Trusts | 0.18 |
Under Performing
| Sector Name | Percentage Change |
|---|---|
| Diamond, Gems and Jewellery | -1.19 |
| IT - Hardware | -2.56 |
| Leather | -1.48 |
| Ceramic Products | -1.47 |
Introduction
Bank Nifty is an index of 12 highly liquid and most capitalised stocks from the banking industry. Investors have shortlisted this index as one of their current top picks. Some investors rely solely on trading in the Bank Nifty index to gain substantial investment returns. The index moves based on the performance of these top banking stocks.
NIFTY Bank
The Nifty Bank Index, also referred to as Nifty Bank, is basically a sectoral index made up of Indian banking businesses. Twelve of the nation’s biggest and most liquid financial institutions make up the index.
Investors frequently utilize the Nifty Bank sectors index to assess how well Indian banks perform. The most liquid and highly funded Indian banking shares are included in the Nifty Bank, also known as Bank Nifty, index.
Traders can use it as a baseline to measure how Indian bank stocks have performed in the financial markets. Not only that. Asset Management and Mutual fund companies utilize it as a benchmarking tool to compare the outcomes of their investments to the index.
To capitalize on the index’s brief price swings, CFDs of the Nifty Bank could also be exchanged on the market.
NIFTY Bank Scrip Selection Criteria
● Firms must be NIFTY 500 members at the point of assessment.
● A deficit quantity of stocks will be chosen from the world of securities classified within the leading 800 based on both current average revenue and estimated average full market cap using the prior six months’ time frame data in use for index rebalancing of NIFTY 500 if the selection of suitable stocks reflecting a specific industry within NIFTY 500 drops below 10.
● Businesses must be a component of the financial industry.
● The company’s market volume in the previous six months must have been at least 90%.
● The business must have a six-month listing record. If a firm launches an IPO and meets the standard eligibility requirements for the index for a 3-month term rather than a 6-month timeframe, it’ll be eligible for participation in the index.
● Businesses that are permitted to deal in the F & O sector are the only ones that can be index constituents.
● The final twelve businesses will be chosen based on their free-float market capitalization.
● The weighting of every stock within the index is determined based on its free-float market capitalization, except for the top three stocks, whose combined weighting cannot exceed 62% at the rebalancing time and cannot exceed 33% for any one stock.
What is Bank Nifty?
Bank Nifty or Nifty Bank consists of the most highly capitalised and liquid Indian banking stocks, which have proven to be the investor’s benchmark. The index has drawn tremendous attention owing to its phenomenal growth. The top stocks in the index are HDFC Bank Ltd., ICICI Bank Ltd., Axis Bank Ltd., Kotak Mahindra Bank Ltd., and State Bank of India.
The Bank Nifty index uses the free float market capitalisation method to compute its value. Introduced in 2000, the Total Returns Index, a.k.a Bank Nifty TRI, is one of its index variants.
How does Bank Nifty work?
Over the years, Bank Nifty has assisted people in increasing their capital. However, the profit in the stock market comes with a warning of upcoming losses. As is often said, "what goes up must come down." This saying is also true of bank nifty, as the price of script increases as the market improves, but the subsequent decline can undo all of your long-term planning.
Compared to long-term investors, day traders are more frequently affected by fluctuations. Apart from situations where they must haphazardly sell before their chosen date, long-term traders experience less loss. Over the years, the Bank Nifty index has dramatically improved. The expectations from the index are now higher than ever.
Other Indices
| Indices Name | Price | Price Change (% change) |
|---|---|---|
| India VIX | 17.0725 | 0.01 (0.07%) |
| Nifty 10 Yr Benchmark G-Sec | 2461.77 | 2.8 (0.11%) |
| Nifty 10 Yr Benchmark G-Sec (Clean Price) | 892.15 | 0.86 (0.1%) |
| Nifty 100 | 23595.1 | -69.65 (-0.29%) |
| Nifty 100 Alpha 30 Index | 16740 | -204.95 (-1.21%) |
Latest News
- Jan 22, 2025
Rikhav Securities Limited, a financial services company operating since 1995, marked its entry into the public markets on Wednesday, January 22, 2025. The company, which has established itself as a comprehensive financial services provider offering brokerage, investing, and banking services with SEBI registration and multiple exchange memberships, commenced trading on BSE SME amid exceptional investor enthusiasm.
- Jan 22, 2025
Kabra Jewels Limited, a retail jewelry company operating since 2010, marked its entry into the public markets on Wednesday, January 22, 2025. The company, which has established itself with six showrooms in Ahmedabad offering gold, diamond, and silver ornaments under various brands including KK Jewels, commenced trading on NSE SME amid exceptional investor enthusiasm.
Latest Blogs
Navigating the many options for banking services becomes a crucial task for both individuals and enterprises as we enter the Indian financial scene. The top banks in India provide a wide range of services that extend beyond traditional banking, serving as cornerstones of the country's financial stability. These best banks in India offer individualized client care and state-of-the-art digital solutions that reflect the changing needs of the financial industry.
- Apr 14, 2025
Nifty Prediction for Today - 22 January 2025 NIFTY experienced a significant sell-off today, dragged down by a broad-based correction. Only 9 stocks advanced, yielding a dismal 0.3 ADR. APOLLOHOSP and TATACONSUM bucked the trend, while TRENT, NTPC and ADANIPORTS led the decline. The fall was sharper in the mid-caps. NIFTY MIDCAP SELECT corrected by 2.8% amidst a sharp sell-off in DIXON. Similarly, NIFTY NEXT 50 corrected by 2.6% on a sharp selloff in ZOMATO.
- Jan 22, 2025
