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Nifty Bank
Nifty Bank Performance
-
Open
49,426.40
-
High
49,672.75
-
Low
48,906.75
-
Prev Close
49,054.60
-
Dividend Yeild
0.81%
-
P/E
15.06
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 | ₹729096 Cr |
₹816.95
(1.68%)
|
21445982 | Banks |
Kotak Mahindra Bank Ltd | ₹344904 Cr |
₹1734.7
(0.12%)
|
8761767 | Banks |
Federal Bank Ltd | ₹40074 Cr |
₹164.55
(0.73%)
|
14955914 | Banks |
HDFC Bank Ltd | ₹1185832 Cr |
₹1559.7
(1.25%)
|
21066422 | Banks |
ICICI Bank Ltd | ₹781099 Cr |
₹1110.4
(0.9%)
|
16809580 | Banks |
Nifty Bank Sector Performance
Top Performing
Sector Name | Percentage Change |
---|---|
Diamond, Gems and Jewellery | 2.33 |
IT - Hardware | 2.17 |
Leather | 2.46 |
Ceramic Products | 2.56 |
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 | 16.8 | -2.09 (-11.06%) |
Nifty 10 Yr Benchmark G-Sec | 2297.89 | 1.32 (0.06%) |
Nifty 10 Yr Benchmark G-Sec (Clean Price) | 877.34 | 0.5 (0.06%) |
Nifty 100 | 23806.95 | 256.2 (1.09%) |
Nifty 100 Equal Weight | 31242.05 | 410.55 (1.33%) |
Latest News
- Jun 06, 2024
Amara Raja Energy and Mobility shares surged another 10% to hit a fresh all-time high of Rs 1,333 as investors turned bullish on the counter following the Telugu Desam Party's (TDP) massive victory in the local assembly elections, consequently becoming a major player in national politics.
- Jun 06, 2024
Dixon Technologies, a leading electronics manufacturing services (EMS) company, is actively pursuing merger and acquisition (M&A) opportunities to accelerate its growth in the electronics manufacturing segment. The company's Managing Director, Atul Lall, expressed confidence in Dixon's strong balance sheet and technical competence to support such strategic moves.
- Jun 06, 2024
Shares of Century Textiles and Industries, the real estate arm of the Aditya Birla Group, surged 13.70% in early trading to reach ₹2,094 apiece. This spike followed the company's announcement that its wholly-owned subsidiary, Birla Estates, has entered into a joint venture with Barmalt India Pvt. Ltd.
- Jun 06, 2024
Analysts at the global financial services firm UBS have forecasted a substantial inflow for HDFC Bank in the upcoming MSCI India index rebalancing scheduled for August. Their analysis suggests that the weight could usher in inflows ranging from $3 billion to $3.5 billion for the leading private-sector bank.
Latest Blogs
Nifty continued its positive momentum on the weekly expiry day and rallied higher to test 22900 mark. However, the index consolidated in a broad range in the later part of the session and ended the day above 22800 with gains of almost a percent.
- Jun 06, 2024
Investors must understand the strong link between interest rates and stock market performance. When interest rates change, it can significantly impact stock prices, company profits, and overall market sentiment.
- Jun 06, 2024
Fixed deposits (FDs) are a popular investment choice in India, offering a safe way to grow your savings with guaranteed returns. However, there may be situations where you need access to your money before the maturity date of your FD. This process is known as premature withdrawal, and it's essential to understand its implications.
- Jun 06, 2024
Rolling return is a valuable concept in mutual fund investing. They provide a dynamic and broad view of a fund's performance over various periods, helping investors make informed decisions and assess the suitability of an investment for their financial goals.
- Jun 06, 2024