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Nifty Bank
Nifty Bank Performance
-
Open
47,486.60
-
High
49,362.90
-
Low
46,446.80
-
Prev Close
46,928.60
-
Dividend Yeild
0.82%
-
P/E
14.99
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 | ₹704732 Cr |
₹789.75
(1.73%)
|
21445982 | Banks |
Kotak Mahindra Bank Ltd | ₹341674 Cr |
₹1718.1
(0.12%)
|
8761767 | Banks |
Federal Bank Ltd | ₹40415 Cr |
₹166.05
(0.72%)
|
14955914 | Banks |
HDFC Bank Ltd | ₹1179634 Cr |
₹1551.8
(1.26%)
|
21066422 | Banks |
ICICI Bank Ltd | ₹779382 Cr |
₹1108.65
(0.9%)
|
16809580 | Banks |
Nifty Bank Sector Performance
Top Performing
Sector Name | Percentage Change |
---|---|
Diamond, Gems and Jewellery | 3.68 |
IT - Hardware | 1.38 |
Leather | 2.54 |
Ceramic Products | 2.21 |
Under Performing
Sector Name | Percentage Change |
---|---|
Aerospace & Defence | -1.03 |
Oil Drill/Allied | -2.46 |
ETF | -0.11 |
Education | -0.1 |
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 | 18.885 | -7.87 (-29.4%) |
Nifty 10 Yr Benchmark G-Sec | 2296.57 | 2.63 (0.11%) |
Nifty 10 Yr Benchmark G-Sec (Clean Price) | 876.84 | 1 (0.11%) |
Nifty 100 | 23550.75 | 811.15 (3.57%) |
Nifty 100 Equal Weight | 30831.5 | 1155.5 (3.89%) |
Latest News
- Jun 05, 2024
Sattrix Information Security - IPO subscription Status on Day-1 As of 5.25 pm on 05th June 2024, out of the 17.08 lakh shares on offer in the BSE SME IPO (excluding the market maker portion and the anchor allocation done), Sattrix Information Security saw bids for 18.38 lakh shares. This implies an overall subscription of 1.08X at a macro level at the close of Day-1 of the IPO.
- Jun 05, 2024
Magenta Lifecare - IPO subscription Status on Day-1 As of 5.17 pm on 05th June 2024, out of the 18.96 lakh shares on offer in the BSE SME IPO (excluding the market maker portion and the anchor allocation done), Magenta Lifecare saw bids for 464.40 lakh shares. This implies an overall subscription of 24.49X at a macro level at the close of Day-1 of the IPO.
- Jun 05, 2024
PSU Stock Slump Continues: Market Down for Second Straight Day The downward spiral of public sector undertaking (PSU) stocks continued for the second consecutive trading session on Tuesday, a trend ignited by the election results that deviated from the expectations set by exit polls. This bearish streak has cast a shadow over a sector that had previously basked in the limelight of investor optimism.
- Jun 05, 2024
SpiceJet, the low-cost carrier, is gearing up for a significant expansion phase as the Indian aviation industry continues its upward trajectory. The airline's chairman, Ajay Singh, has revealed plans to raise an additional $250 million by August to fuel its growth ambitions. This fresh capital will be utilized to increase capacity by leasing new aircraft.
Latest Blogs
Our markets rallied higher in Wednesday’s sessions as the uncertainty over the elections results reduced and hence the market participants cheered on the news of probability of the existing government continuing with another term. Nifty recovered more than half of the previous day’s losses and ended above 22600 with gains of over 700 points while the Bank Nifty rallied by more than 2000 points.
- Jun 05, 2024
About the Kronox Lab Sciences IPO The stock of Kronox Lab Sciences has a face value of ₹10 per share and it is a book building issue. The price band for book building is set in the range of ₹129 to ₹136 per share. The IPO of Kronox Lab Sciences will purely be an offer for sale (OFS) with no fresh issue component in the IPO. While a fresh issue tends to bring in fresh funds into the company, it is also EPS and equity dilutive. On the other hand, OFS is just a transfer of ownership.
- Jun 05, 2024
NSC, abbreviated for National Savings Certificate, is one of the most popular investment instruments for assured returns and tax benefits. It was launched in the 1950s and soon gained immense popularity due to its Government-backed benefit and minimal risk feature.
- Jun 05, 2024
IPO investors generally have questions such as “No shares allotted to me in IPO, why?”, “I haven’t got any allotment in multiple applications” “why I am not getting allotment in any of the IPOs?”. Thus, it is clear that the lucky people get the allotment in highly subscribed IPOs. Sometimes there are some IPOs in which even people who applied only through a single application get the allotment while some apply in multiple numbers but still do not get allotment.
- Jun 05, 2024