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Nifty Bank
Nifty Bank Performance
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Open
51,764.50
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High
51,764.50
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Low
51,066.80
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Prev Close
51,673.90
-
Dividend Yeild
0.97%
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P/E
14.05
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 | ₹740610 Cr |
₹829.85
(1.65%)
|
14115843 | Banks |
| Kotak Mahindra Bank Ltd | ₹343654 Cr |
₹1729.35
(0.12%)
|
4353409 | Banks |
| Federal Bank Ltd | ₹50072 Cr |
₹204.29
(0.58%)
|
11033159 | Banks |
| HDFC Bank Ltd | ₹1307954 Cr |
₹1714.1
(1.13%)
|
19011194 | Banks |
| ICICI Bank Ltd | ₹899691 Cr |
₹1277.2
(0.78%)
|
13796270 | Banks |
Nifty Bank Sector Performance
Top Performing
| Sector Name | Percentage Change |
|---|
Under Performing
| Sector Name | Percentage Change |
|---|
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 | 16.6875 | 0.79 (4.95%) |
| Nifty 10 Yr Benchmark G-Sec | 2414.46 | 1.93 (0.08%) |
| Nifty 10 Yr Benchmark G-Sec (Clean Price) | 887.73 | 0.71 (0.08%) |
| Nifty 100 | 24857.75 | -326.85 (-1.3%) |
| Nifty 100 Equal Weight | 32172.25 | -431.7 (-1.32%) |
Latest News
- Nov 04, 2024
Market Analysis of Top Gainers and Losers on 4th November 2024: The Indian stock market witnessed a sharp decline today, with the Nifty 50 and BSE Sensex both plunging over 1% in a single trading session. The Nifty 50 closed at 23,990.35, down 309.00 points or 1.27%, while the BSE Sensex fell 941.88 points or 1.18% to settle at 78,782.24.
- Nov 04, 2024
Hyundai Motor Ltd.'s recent IPO saw a modest debut, listing below its issue price on October 22. Shares opened at ₹1,934 on the NSE, a 1.3% discount from the IPO price of ₹1,960, and at ₹1,931 on the BSE, a 1.5% discount. Over the 10 days post-listing, the stock faced a steady decline amid broader market fluctuations, closing at ₹1,814 as of November 4, 2024.
- Nov 04, 2024
Tube Investments of India Ltd. announced its financial results for the quarter ended September 2024. The company showcased a revenue increase of 14.4% year-on-year to ₹4,924.55 crore from ₹4,305.62 in the same quarter last year. Despite the revenue growth, net profit fell by 13.5%, totaling ₹299.17 crore compared to ₹346.19 crore in the same period last year. The company's EBITDA was ₹489.6 crore, marking a 13% decline year-on-year.
- Nov 04, 2024
Exide Industries saw its share price drop by 4% after reporting a 14% decline in net profit year-on-year (YoY) for the second quarter of the fiscal year. The stock reached an intraday low of ₹437.70 on the Bombay Stock Exchange (BSE) amid broader market trends. As of 1:40 PM, shares were down 3.66% at ₹443.50, compared to a 1.63% decline in the BSE Sensex, which stood at 78,423.93 points.
Latest Blogs
What are Growth Stocks? The growth rate of growth shares is significantly higher than the average growth rate of the market. Accordingly, the earnings of these high growth stocks on the NSE rise more quickly than those of the typical firm in the market. For investors searching for equities with potential for future growth, this makes them appealing. Dividends are not paid on these stocks.
- Nov 04, 2024
Nifty Prediction for 5th November Nifty started the day above 24300 mark but witnessed selling pressure right from the opening ticks and it corrected sharply to almost test the 23800 mark. The index then recovered some of the losses towards the end, but still ended just below 24000 with a loss of about 300 points.
- Nov 04, 2024
What is Gold ETFs? Gold exchange-traded funds (ETFs) are financial products that, like shares, trade on stock exchanges like the NSE and keep you ahead of the curve on gold performance. When you purchase a gold ETF, you are essentially purchasing both gold and a representation of a certain quantity of gold. This way, you can gain exposure to gold price fluctuations without purchasing physical gold.
- Nov 04, 2024
What is Corporate Bonds? Corporate bonds, a well-known type of debt investment with particular difficulties and hazards, have been a mainstay of the financial markets for decades. The possibility of large profits from profitable businesses makes these bonds more alluring in emerging nations. By 2023, a large number of Indian businesses will be selling bonds to the general market. But it's important to know if these relationships are all secure.
- Nov 04, 2024
