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Nifty Bank
Nifty Bank Performance
-
Open
50,625.00
-
High
50,652.15
-
Low
49,787.10
-
Prev Close
50,626.50
-
Dividend Yeild
0.98%
-
P/E
13.79
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 | ₹696879 Cr |
₹780.75
(1.75%)
|
14432933 | Banks |
| Kotak Mahindra Bank Ltd | ₹345334 Cr |
₹1737.1
(0.12%)
|
4363560 | Banks |
| Federal Bank Ltd | ₹51716 Cr |
₹210.88
(0.57%)
|
11539231 | Banks |
| HDFC Bank Ltd | ₹1331361 Cr |
₹1741.2
(1.11%)
|
18762417 | Banks |
| ICICI Bank Ltd | ₹882040 Cr |
₹1250.55
(0.8%)
|
13766989 | Banks |
Nifty Bank Sector Performance
Top Performing
| Sector Name | Percentage Change |
|---|---|
| Healthcare | 0.48 |
| Financial Services | 0.59 |
| Infrastructure Investment Trusts | 0.02 |
| Hotels & Restaurants | 0.56 |
Under Performing
| Sector Name | Percentage Change |
|---|---|
| Diamond, Gems and Jewellery | -1.2 |
| IT - Hardware | -2.19 |
| Leather | -1.06 |
| Ceramic Products | -0.4 |
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 | 15.99 | 0.33 (2.11%) |
| Nifty 10 Yr Benchmark G-Sec | 2413.04 | -2.71 (-0.11%) |
| Nifty 10 Yr Benchmark G-Sec (Clean Price) | 885.87 | -1 (-0.11%) |
| Nifty 100 | 24135.1 | -239.6 (-0.98%) |
| Nifty 100 Equal Weight | 30708.85 | -558.25 (-1.79%) |
Latest News
- Nov 21, 2024
PGIM India Healthcare Fund - Direct (G) focuses on equity and equity-related securities in the healthcare and pharmaceutical industries. It provides exposure to various sub-sectors, such as healthcare services, pharmaceutical manufacturing, and more. With a flexible investment strategy aimed at generating long-term returns and actively managing risks, this fund is for those who want to capitalize on the growth potential of India’s healthcare sector while mitigating market volatility.
- Nov 21, 2024
KLM Axiva Finvest Limited, established in 1997, is a non-deposit-taking systemically important NBFC (Middle Layer) primarily catering to low- and middle-income individuals and businesses. The company has announced the issuance of Secured Non-Convertible Debentures (NCDs) under its November 2024 offering, providing investors with attractive returns and diversified options. Here’s a comprehensive look at the issue, the company’s business model, strengths, weaknesses, and strategies.
- Nov 21, 2024
Edelweiss CRISIL IBX AAA Financial Services - Jan 2028 Index Fund - Direct (G) is an investment opportunity designed to align with the CRISIL-IBX AAA Financial Services Index – Jan 2028. This passively managed index fund focuses on fixed-income securities, primarily AAA-rated corporate bonds, providing stability and predictable returns. With a maturity date set for January 2028, it offers investors a clear investment horizon and targets a buy-and-hold strategy to minimize market risks.
- Nov 21, 2024
Indian equity markets closed lower on November 21, weighed down by concerns over bribery charges against Gautam Adani and weak global cues. The Nifty and Sensex both registered significant losses, with the Nifty slipping below the 23,350 mark.
Latest Blogs
Nifty Prediction for 22nd November After modest gains in the previous session, the Nifty index plunged by 0.72% on Thursday, driven by weak global cues and a sharp decline in Adani Group shares, which dampened market sentiment.
- Nov 21, 2024
Highlights • Bharti Airtel Nokia 5G deal marks a significant leap in India's telecom sector, with cutting-edge equipment set to redefine network performance across major cities. • Airtel Q2 Results 2024 reflect robust financial performance, with a 168% surge in net profit, signalling strong growth and operational efficiency.
- Nov 21, 2024
Summary Zinka Logistics IPO has closed with moderate response from investors, achieving a subscription of 1.87 times by 18th November 2024 at 5:21:08 PM (Day 3). The public issue witnessed varied demand across categories. The Employee portion led with strong interest at 9.87 times subscription. The Qualified Institutional Buyers (QIB) showed decent interest with 2.72 times subscription.
- Nov 21, 2024
Nifty Prediction for 21st November The Nifty index broke its seven-day losing streak, closing above the 23,500 mark with slight gains. After opening on a positive note, the benchmark indices maintained upward momentum for most of the session. However, late selling pressure eroded earlier gains, and the Nifty ultimately settled at 23,518, up by 64.70 points.
- Nov 21, 2024
