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Nifty Bank
Nifty Bank Performance
Day Range
- Low 46983.25
- High 47841.6
- Open47,389.80
- Previous Close47,421.10
- Dividend Yeild1.16%
-
High
47841.6
-
Low
46983.25
-
Day Open Price
47389.8
-
Prev Close
47421.1
-
P/E
14.58
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 | ₹721867 Cr |
₹808.8
(1.69%)
|
19014625 | Banks |
Kotak Mahindra Bank Ltd | ₹326248 Cr |
₹1641.2
(0.12%)
|
7926747 | Banks |
Federal Bank Ltd | ₹39428 Cr |
₹161.7
(0.74%)
|
16663003 | Banks |
HDFC Bank Ltd | ₹1105958 Cr |
₹1455.25
(1.34%)
|
20879656 | Banks |
ICICI Bank Ltd | ₹792249 Cr |
₹1128
(0.89%)
|
15594425 | Banks |
Nifty Bank Sector Performance
Top Performing
Sector Name | Percentage Change |
---|---|
IT - Hardware | 0.99 |
Ceramic Products | 0.74 |
Healthcare | 0.16 |
Stock/ Commodity Brokers | 0.34 |
Under Performing
Sector Name | Percentage Change |
---|---|
Diamond, Gems and Jewellery | -0.88 |
Leather | -0.05 |
Dry cells | -0.63 |
IT - Software | -0.42 |
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 | 20.6 | 2.13 (11.53%) |
Nifty 10 Yr Benchmark G-Sec | 2289.16 | 0.58 (0.03%) |
Nifty 10 Yr Benchmark G-Sec (Clean Price) | 874.05 | 0.22 (0.03%) |
Nifty 100 | 22956.35 | 47.25 (0.21%) |
Nifty 100 Equal Weight | 29871 | 112.9 (0.38%) |
Latest News
- May 13, 2024
Synopsis Zomato announced its quarterly results for the peri
- May 13, 2024
Today, Union Home Minister Amit Shah appeared on NDTV Profit, stating that the recent stock market fluctuations should not be linked to the 2024 general elections.
Latest Blogs
Virat Kohli & Anushka Sharma are poised to reap substantial returns following upcoming listing of insurance startup Go Digit. Having invested total of ₹2.5 Cr in company, their investment is expected to yield remarkable 271% return, translating to notional profit of ₹6.75 Cr. Kohli purchased 266,667 shares at ₹75 each, while Sharma acquired 66,667 shares for ₹50 lakh, both through private placement in January 2020.
- May 13, 2024
Nifty corrected in the initial hour of the trade and almost tested the 21800 mark. However, we witnessed a gradual pullback move from the morning low and it recovered the intraday losses and ended around the high of the day above 22100.
- May 13, 2024
About the Silkflex Polymers IPO The stock of Silkflex Polymers (India) Ltd has a face value of ₹10 per share and it is a fixed price issue. The price for the fixed price issue has been fixed at ₹52 per share. Being a fixed price issue, there is no question of price discovery in this case. The Silkflex Polymers IPO has only a fresh issue component and no offer for sale (OFS) portion.
- May 13, 2024