Helping You Build Wealth With Honest Research
Since 1996. Try Now

MEMBER'S LOGINX

     
Invalid Username / Password
   
     
   
     
 
Invalid Captcha
   
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

Investment in securities market are subject to market risks. Read all the related documents carefully before investing

New Guide Available for Download
Small Cap Multibaggers
in the Making

mailtimers.com


**Important: We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
**By submitting your email address, you also sign up for Profit Hunter, a daily newsletter from Equitymaster
covering exciting investing ideas and opportunities in India.


AD

NIFTY BANK Index   (BANK)



Here is the latest update and chart of NIFTY BANK Index. For more details, see how the stocks in the NIFTY BANK are performing today. For a sector overview, read our banking sector report.

REFRESH
Live BSE Quotes
Not listed
Live NSE Quotes Mar 19, 2024 11:39:59 AM
Value46,421.20 % Change -0.33 52-Week High 48,636.45 52-Week Low 38,613.15
  BSE Sensex | CNX Nifty

Charts
Loading...
 
     
PERIOD
Advanced Charts new
Charts by TradingView

FAQs on Bank Nifty

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 46,421.2 (down 0.3%).The index is up 0.4% over the last 30 days. And over the last 1 year, it has gained 18.9%.

Within the NSE Bank Nifty Index, the top gainers were ICICI BANK (up 0.4%) and KOTAK MAHINDRA BANK (up 0.3%). On the other hand, INDUSIND BANK (down 2.0%) and PNB (down 1.7%) 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.


Today's Market

Sensex Today Trades Lower | Metal & PSB Stocks Shine | TCS, Apollo Tyre Drop 3% Sensex Today Trades Lower | Metal & PSB Stocks Shine | TCS, Apollo Tyre Drop 3%(10:30 am)

Asian shares slipped before a Bank of Japan policy decision where authorities are likely to bring an end to the world's last negative rates regime.