Error message
Warning: Division by zero in Drupal\futures_option\Controller\FuturesController->getOptionRawDataByDate() (line 1084 of modules/custom/futures_option/src/Controller/FuturesController.php).iThe current values are delayed, open demat account for live values.
Nifty Bank
Nifty Bank Performance
-
Open
54,338.70
-
High
54,338.70
-
Low
53,763.20
-
Prev Close
54,375.35
-
Dividend Yeild
0.87%
-
P/E
15.62
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 | ₹716334 Cr |
₹802.65
(1.71%)
|
15384827 | Banks |
Kotak Mahindra Bank Ltd | ₹372365 Cr |
₹1872.45
(0.11%)
|
4765538 | Banks |
Federal Bank Ltd | ₹47441 Cr |
₹193.71
(0.62%)
|
12247555 | Banks |
HDFC Bank Ltd | ₹1337187 Cr |
₹1752.65
(1.11%)
|
22050845 | Banks |
ICICI Bank Ltd | ₹920519 Cr |
₹1306.6
(0.76%)
|
14273051 | Banks |
Nifty Bank Sector Performance
Top Performing
Sector Name | Percentage Change |
---|---|
Diamond, Gems and Jewellery | 0.43 |
IT - Software | 0.09 |
Gas Distribution | 0.34 |
Infrastructure Developers & Operators | 0.38 |
Under Performing
Sector Name | Percentage Change |
---|---|
IT - Hardware | -0.09 |
Leather | -0.88 |
Ceramic Products | -0.31 |
Healthcare | -0.32 |
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 | 11.9625 | -0.04 (-0.31%) |
Nifty 10 Yr Benchmark G-Sec | 2412.03 | -5.87 (-0.24%) |
Nifty 10 Yr Benchmark G-Sec (Clean Price) | 893.22 | -2.42 (-0.27%) |
Nifty 100 | 27253.85 | -2.4 (-0.01%) |
Nifty 100 Equal Weight | 35730.7 | 145.7 (0.41%) |
Latest News
- Sep 28, 2024
TechEra Engineering's initial public offering (IPO) has garnered significant investor interest, with subscription rates increasing dramatically over the three-day period. Starting modestly on day one, the IPO witnessed a surge in demand, resulting in a 69.80 times oversubscription by the end of day three. This response underscores the strong market appetite for TechEra Engineering's shares and sets the stage for a potentially dynamic listing.
- Sep 28, 2024
Unilex Colours and Chemicals' initial public offering (IPO) has garnered significant investor interest, with subscription rates increasing dramatically over the three-day period. Starting modestly on day one, the IPO witnessed a surge in demand, resulting in a 35.03 times oversubscription by the end of day three. This response underscores the strong market appetite for Unilex Colours and Chemicals' shares and sets the stage for a potentially dynamic listing.
- Sep 28, 2024
Thinking Hats Entertainment Solutions' initial public offering (IPO) has garnered exceptional investor interest, with subscription rates increasing dramatically over the three-day period. Starting strong on day one, the IPO witnessed a surge in demand, resulting in an impressive 322.19 times oversubscription by the end of day three. This response underscores the strong market appetite for Thinking Hats Entertainment Solutions' shares and sets the stage for a potentially dynamic listing.
- Sep 28, 2024
KRN Heat Exchanger's initial public offering (IPO) has garnered exceptional investor interest, with subscription rates increasing dramatically over the three-day period. Starting strong on day one, the IPO witnessed a surge in demand, resulting in an impressive 213.41 times oversubscription by the end of day three. This response underscores the strong market appetite for KRN Heat Exchanger's shares and sets the stage for a potentially dynamic listing.
Latest Blogs
Summary TechEra Engineering IPO has received a strong response from investors, closing with a subscription of 69.80 times by 27th September 2024 at 6:02:00 PM (Day 3). The public issue witnessed substantial demand across all investor categories. The Non-Institutional Investors (NII) category led the charge with a subscription of 128.88 times. The Retail Investors segment was subscribed 66.52 times.
- Sep 28, 2024
Summary Unilex Colours and Chemicals IPO has received a strong response from investors, closing with a subscription of 34.71 times by 27th September 2024 at 6:01:59 PM (Day 3). The public issue witnessed substantial demand across all investor categories. The Non-Institutional Investors (NII) category led the charge with a subscription of 60.65 times. The Retail Investors segment was subscribed 34.51 times.
- Sep 28, 2024
Summary Thinking Hats Entertainment Solutions IPO has received an exceptional response from investors, closing with an impressive subscription of 322.19 times by 27th September 2024 at 5:13:59 PM (Day 3). The public issue witnessed substantial demand across all investor categories. The Non-Institutional Investors (NII) category led the charge with a subscription of 356.81 times.
- Sep 27, 2024