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Nifty Bank
Nifty Bank Performance
-
Open
51,401.35
-
High
51,629.00
-
Low
50,609.35
-
Prev Close
51,575.70
-
Dividend Yeild
0.98%
-
P/E
13.82
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 | ₹725125 Cr |
₹812
(1.69%)
|
13701816 | Banks |
| Kotak Mahindra Bank Ltd | ₹346646 Cr |
₹1743.55
(0.11%)
|
4194656 | Banks |
| Federal Bank Ltd | ₹47613 Cr |
₹194.46
(0.61%)
|
11733987 | Banks |
| HDFC Bank Ltd | ₹1354709 Cr |
₹1771.5
(1.09%)
|
18210196 | Banks |
| ICICI Bank Ltd | ₹907449 Cr |
₹1288.4
(0.77%)
|
13516479 | Banks |
Nifty Bank Sector Performance
Top Performing
| Sector Name | Percentage Change |
|---|---|
| IT - Hardware | 0.45 |
| Oil Drill/Allied | 0.46 |
| Ship Building | 2.36 |
| Insurance | 0.83 |
Under Performing
| Sector Name | Percentage Change |
|---|---|
| Diamond, Gems and Jewellery | -2.38 |
| Leather | -0.77 |
| Ceramic Products | -2.37 |
| Healthcare | -1.83 |
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 | 15.0725 | 0.56 (3.88%) |
| Nifty 10 Yr Benchmark G-Sec | 2436.33 | -0.21 (-0.01%) |
| Nifty 10 Yr Benchmark G-Sec (Clean Price) | 888.11 | -0.25 (-0.03%) |
| Nifty 100 | 24448.85 | -436.1 (-1.75%) |
| Nifty 100 Alpha 30 Index | 18425 | -482.25 (-2.55%) |
Latest News
- Dec 20, 2024
The Indian stock markets continued their downward spiral on December 20, as both the Sensex and Nifty faced sharp declines. The selloff was triggered by hawkish commentary from the U.S. Federal Reserve, persistent FII (Foreign Institutional Investor) selling, and concerns over high valuations.
- Dec 20, 2024
Dealmakers anticipate that the momentum behind new share sales in India, now the leading market globally for initial public offerings (IPOs), along with Australia’s resurgence in 2025, will offset the sluggish performance of Chinese deals in the Asia-Pacific region.
- Dec 20, 2024
On December 20, the Nifty approached a technical correction, nearing a 10% decline from its peak, while the Sensex shed close to 1,300 points from its intraday high due to widespread sectoral downturns that heightened market anxiety. Nifty IT emerged as the weakest sector, declining over 2% despite Accenture's stronger-than-expected Q1 earnings report.
- Dec 20, 2024
President-elect Donald Trump has issued a warning to the European Union, threatening tariffs if its member nations fail to increase their purchases of American oil and gas.
Latest Blogs
Swing Trading Stocks for the Week iJoin the club of lakhs of tech savvy investors!
- Dec 20, 2024
Trading Setup For 23rd December 2024 The Nifty index experienced a significant decline on Friday, ending the week at 23,587.50, down by 1.52% after a flat opening. The broader market sentiment was bearish, with notable selling pressure across midcap and smallcap stocks, both falling over 2%. All sectoral indices closed in the red, with the Nifty IT index plunging 2.6%, wiping out earlier gains despite Accenture's positive outlook.
- Dec 20, 2024
The Identical Brains IPO allotment status date is 23rd December 2024. Currently, the allotment status is not available. It will be updated once the allotment process is finalized. Please check back later for the latest updates on the Identical Brains IPO allotment status.
- Dec 20, 2024
Trading Setup For 20th December 2024 The Nifty50 benchmark index extended its losing streak for the fourth consecutive day as a hawkish stance by the Federal Reserve triggered a global sell-off. After a gap-down opening on Thursday, the index traded sideways for most of the session, closing at 23,951.70, down 1.02%.
- Dec 20, 2024
