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List of Bank Nifty Companies

Here is the list of Bank Nifty companies and how they impacted the movement in the index. To know more about how the Bank Nifty is performing, please see the Bank Nifty Live Chart. Since stocks from the banking sector interest you, check out Equitymaster's powerful stock screener to find the top banking companies in India.

BANK NIFTY: GRAPH
Feb 9, 2023 2:24:59 PM Bank Nifty Index: 41,524.0 (-12 pts / -0.0%) 1 US$ = Rs 82.73
COMPANYasc INDUSTRY MARKET PRICE(Rs) CHANGE(%) NO OF
SHARES(m)
MARKET CAP.**(Rs m) FREE FLOAT
ADJ. FACTOR
WEIGHTAGE(%) EARNINGS *(Rs m) EPS(Rs) PER(X)
AU SMALL FINANCE BANK BANKING 640.8 -1.3% 313.1 200,641 0.7 0.7 13,494 43.1 14.9
AXIS BANK BANKING 867.6 -0.5% 3,061.5 2,656,127 0.9 10.7 206,578 67.5 12.9
BANDHAN BANK BANKING 241.4 1.0% 1,610.7 388,743 0.6 1.1 32,887 20.4 11.8
FEDERAL BANK BANKING 129.8 -1.2% 2,101.5 272,776 1.0 1.3 28,180 13.4 9.7
HDFC BANK BANKING 1,645.1 -0.5% 5,507.7 9,060,646 0.7 31.4 439,896 79.9 20.6
ICICI BANK BANKING 864.1 0.6% 6,903.7 5,965,482 1.0 27.9 323,882 46.9 18.4
IDFC FIRST BANK BANKING 58.8 -1.3% 3,395.9 199,508 1.0 0.9 20,211 6.0 9.9
INDUSIND BANK BANKING 1,162.0 1.5% 757.1 879,756 0.9 3.5 68,003 89.8 12.9
KOTAK MAHINDRA BANK BANKING 1,760.6 -0.3% 1,980.5 3,486,831 0.7 12.1 141,097 71.2 24.7
PNB BANKING 51.2 -0.9% 1,854.6 94,861 0.4 0.2 15,733 8.5 6.0
RBL BANK BANKING 167.4 0.3% 599.3 100,299 1.0 0.5 7,857 13.1 12.8
SBI BANKING 550.5 0.1% 8,924.6 4,912,999 0.4 9.7 482,089 54.0 10.2
TOTAL 37,010 28,218,668 100.0 1,779,906 AVG. PER 15.9

* Earnings for last 4 quarters on rolling basis, excluding extraordinary / exceptional items.   ** Indicates total market cap. (and not free float). The weightage is calculated on a free float basis.

Important: 3 Must Buy Stocks that You Probably Don't Own Today

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Bank Nifty Sensitivity

Calculation of market indices has been an enigma for most investors. Our calculator aims at arming investors with a tool that lets them determine how, or rather which stocks have actually contributed to the day's happenings. And that too in quantitative terms. The tool is simple to use. Just select a company, indicate the price movement and click the 'then...' button. The output boxes give the contribution of the stock to the change in the index.

If moves by %
The Bank Nifty will move by points OR %.

FAQs

What is Bank Nifty?

The Bank Nifty index represents the largest and most liquid Indian banking stocks in terms of interest income and market capitalization.

The index provides investors and market intermediaries a benchmark that captures the capital market performance of these Indian banks. There are 12 banks included in this index.

To dwell deeper about the index, check out how the stocks in the NIFTY BANK index are performing today.

For a sector overview, read our banking sector report.

Also check out Equitymaster's powerful stock screener to find the best banking stocks in India.

How to Invest in Bank Nifty?

Investment in the Bank Nifty index can be done in three ways:

  • Spot trading or buying shares of Bank Nifty constituents: Spot trading means buying the scripts in Bank Nifty index. It involves buying the equivalent equity shares of various listed companies in the Bank Nifty index.

  • Derivative trading: Nifty futures and Nifty options can be used to invest in Nifty Bank derivatives.

    Nifty Bank Future contracts derive their value from the behaviour of the Nifty Bank index. If the value of the Nifty Bank index goes up, then the value of the future also rises, and vice versa. One can buy this contract by placing an order with the broker.

    Nifty Bank Options are similar to future contracts. Here, the buyer of the contract has to pay a premium and has a right to buy or sell the contract. These contracts can be bought or sold through a broker.

  • Nifty Bank Index Fund: An investor can invest in Bank Nifty index by investing in the Nifty Bank index fund. This is a fund which tracks the performance of the Nifty Bank index and their constituents.

How many Banking stocks are under Bank Nifty?

The index comprises of 12 banking sector banks. These banks are selected on the basis of interest income and market capitalization. The index includes banks from public sector and private sector banks too.

HDFC Bank, ICICI Bank, SBI and Kotak Mahindra Bank are the ones with highest market capitalization and weightage in the index.

For the entire list of the Bank Nifty stocks, check out the list of Bank Nifty companies.

How is Bank Nifty calculated?

The index is computed using free-float adjusting market capitalization with a base value of 1,000 and a base date of 1 January 2000.

The performance and the price movement of the Nifty Bank are dependent on the top 5-6 highest weightage stocks.

The following are the top five stocks by weightage as of June 2022:

Company Name Weightage (%)
HDFC Bank 27.6
ICICI Bank 22.9
SBI 11.7
Axis Bank 11.6
Kotak Mahindra Bank 11.4

What is price of Bank Nifty live today?

The NIFTY BANK Index was at 41,524.0 (down 0.0%).The index is down 2.5% over the last 30 days. And over the last 1 year, it has gained 9.3%.

Within the NSE Bank Nifty Index, the top gainers were INDUSIND BANK (up 1.3%) and BANDHAN BANK (up 0.9%). On the other hand, IDFC FIRST BANK (down 1.3%) and AU SMALL FINANCE BANK (down 1.2%) were among the top losers.

Can we Buy Bank Nifty?

Well, one cannot directly buy the Nifty Bank index like a normal stock. But one can replicate the stock holdings through index funds and derivatives.

So indirectly, it is possible to purchase the Bank Nifty index. This can be done in the ETF form.

As these are stock indexes made up of multiple stocks, an investor cannot directly buy the index from the stock market. There are derivatives such as Options and futures that lets you take exposure in the Bank Nifty index.



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