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Nifty Bank
Nifty Bank Performance
-
Open
51,643.75
-
High
52,358.35
-
Low
51,347.25
-
Prev Close
51,845.20
-
Dividend Yeild
0.97%
-
P/E
14.42
Nifty Bank Chart
Nifty Bank F&O
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 | ₹710935 Cr |
₹796.65
(1.72%)
|
15103700 | Banks |
Kotak Mahindra Bank Ltd | ₹359559 Cr |
₹1809
(0.11%)
|
4674325 | Banks |
Federal Bank Ltd | ₹47502 Cr |
₹193.67
(0.62%)
|
12488755 | Banks |
HDFC Bank Ltd | ₹1264267 Cr |
₹1657.65
(1.17%)
|
21377403 | Banks |
ICICI Bank Ltd | ₹873088 Cr |
₹1239.75
(0.8%)
|
14236422 | Banks |
Nifty Bank Sector Performance
Top Performing
Sector Name | Percentage Change |
---|---|
Real Estate Investment Trusts | 0.58 |
Readymade Garments/ Apparells | 0.19 |
Infrastructure Investment Trusts | 0.36 |
Plywood Boards/Laminates | 0.04 |
Under Performing
Sector Name | Percentage Change |
---|---|
Diamond, Gems and Jewellery | -1.25 |
IT - Hardware | -0.45 |
Leather | -0.62 |
Ceramic Products | -0.81 |
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 | 14.1275 | 0.96 (7.27%) |
Nifty 10 Yr Benchmark G-Sec | 2403.71 | -8.62 (-0.36%) |
Nifty 10 Yr Benchmark G-Sec (Clean Price) | 888.84 | -3.46 (-0.39%) |
Nifty 100 | 26056 | -249.25 (-0.95%) |
Nifty 100 Equal Weight | 34287.15 | -343.9 (-0.99%) |
Latest News
- Oct 04, 2024
NeoPolitan Pizza and Foods' initial public offering (IPO) has garnered significant investor interest, with subscription rates increasing steadily over the four-day period. Starting modestly on day one, the IPO witnessed a surge in demand, resulting in an 11.50 times oversubscription by 10:35:08 AM on day four. This response underscores the strong market appetite for NeoPolitan Pizza and Foods' shares and sets the stage for a potentially dynamic listing.
- Oct 04, 2024
On October 4, HDFC Bank's shares saw a little increase in value following the announcement that the bank's loans grew more slowly in the second quarter of its fiscal year. Gross advances, or loans approved and disbursed, for the Mumbai-based bank increased 1.3% to ₹ 25.19 lakh crore in the quarter that ended in September after declining by 0.8% the previous quarter. On October 4, at 11:03 am, HDFC Bank's shares were up 0.1% at ₹ 1,684 a share.
- Oct 04, 2024
Market Analysis of Top Gainers and Losers on 4 October 2024: On October 4, 2024, the Indian stock markets remained under intense selling pressure, closing in the red for the fifth consecutive session.
- Oct 04, 2024
According to person’s familiar with the IPO situation, Hyundai Motor India Ltd.'s $3 billion IPO is expected to open for subscription on October 14 and its price range will be revealed by the middle of next week. This is the largest share sale of its kind in the nation.
Latest Blogs
The bеst stocks to invest undеr Rs.20 in 2024 can bе a gamе changеr for intеlligеnt invеstors. With thе Indian stock markеt sеt for continuеd growth and thе potеntial for finding sеcrеt gеms and high potеntial stocks sеlling at low pricеs is morе hopеful than еvеr. This article will еxplorе thе top stocks to buy undеr Rs.20 that allow invеstors to capitalizе on thе markеt's growth potential while controlling their risk and capital allocation.
- Oct 10, 2024
Summary NeoPolitan Pizza and Foods IPO has received an exceptional response from investors, closing with a subscription of 32.71 times by 4th October 2024 at 5:07:07 PM (Day 4). The public issue witnessed substantial demand across investor categories. The Retail Investors segment led the charge with a subscription of 42.62 times. The Non-Institutional Investors (NII) category also showed strong interest, subscribing 20.72 times.
- Oct 04, 2024
Nifty Prediction for - 07 October Our markets entered a corrective phase and witnessed sharp down move in last one week. Nifty ended the week at 25014, with a weekly loss of 4.45 percent.
- Oct 04, 2024
Swing Trading Stocks for the Week iJoin the club of lakhs of tech savvy investors!
- Oct 04, 2024