Nifty Bank

51,664.30
  (%) down
As on 23 July, 2024 13:20
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Performance

Today's Low
51,554.85
indicator
Today's High
52,547.55
Open
52,511.00
52W Low
42,105.40
indicator
52W High
53,357.70
Prev. Close
52,280.40
Nifty Bank Companies
COMPANYMARKET CAPMARKET PRICE
Federal Bank Ltd₹ 47,238.97₹ 199.60
(3.46%)
About Nifty Bank
Parent Organisation
Nifty Bank
Exchange
NSE
Indian Indices
Index NameMarket Value52W High52W Low
BSE Sensex 79,854.74
(-0.81%)
81,587.7663,092.98
BSE 100 25,888.73
(0.00%)
26,219.0419,258.30
BSE 200 11,306.46
(0.00%)
11,449.648,209.33
BSE Dollex 200 2,249.94
(0.00%)
2,275.391,647.86
BSE 500 36,241.36
(0.00%)
36,790.9326,091.16
BSE Information Technology 40,593.28
(0.00%)
41,440.2929,764.27
BSE Fast Moving Consumer Goods 21,999.72
(0.00%)
22,235.0318,233.34
BSE Capital Goods 72,677.78
(0.00%)
76,271.5642,411.09
BSE Consumer Durables 57,626.53
(0.00%)
60,545.1441,642.93
BSE Healthcare 38,512.85
(0.00%)
38,922.0026,609.90
BSE PSU 22,134.44
(0.00%)
22,919.8211,256.42
BSE Teck 18,567.60
(0.00%)
18,905.7213,479.80
BSE Dollex 30 7,899.62
(0.00%)
7,983.496,230.30
BSE SENSEX Next 50 83,408.94
(0.00%)
85,194.2553,562.55
BSE BANKEX 60,001.83
(0.00%)
60,782.3047,463.91
BSE Bharat 22 Index 9,295.81
(0.00%)
9,502.875,648.28
BSE 100 ESG Index (INR) 405.43
(0.00%)
410.95308.62
BSE Private Banks Index 18,670.81
(0.00%)
19,178.3615,722.26
BSE Auto 57,156.23
(0.00%)
58,908.3434,497.81
BSE Metal 31,858.92
(0.00%)
34,167.0520,954.26
BSE SENSEX 50 25,750.71
(0.00%)
26,116.6419,745.22
BSE Oil & Gas 30,774.68
(0.00%)
32,000.1417,770.12
BSE MidCap 46,849.45
(0.00%)
48,175.2129,557.59
BSE SmallCap 52,916.50
(0.00%)
54,617.7534,143.06
BSE Dollex 100 3,201.08
(0.00%)
3,236.542,398.79
BSE 100 LargeCap TMC Index 9,201.43
(0.00%)
9,323.926,819.99
BSE Realty 8,512.82
(0.00%)
9,059.574,168.85
BSE MidCap Select Index 16,761.92
(0.00%)
17,177.9110,708.72
BSE SmallCap Select Index 7,868.90
(0.00%)
8,087.885,403.19
BSE Power 7,837.58
(0.00%)
8,339.884,014.37
BSE IPO 15,944.63
(0.00%)
16,592.7010,179.06
BSE Greenex 7,472.56
(0.00%)
7,563.785,038.22
BSE CARBONEX 4,213.87
(0.00%)
4,267.413,132.75
BSE SME IPO 93,860.11
(0.00%)
101,077.2027,785.87
BSE India Infrastructure Index 714.97
(0.00%)
735.77327.31
BSE CPSE 4,429.77
(0.00%)
4,621.342,034.17
BSE Allcap 10,577.61
(0.00%)
10,749.697,574.61
BSE LargeCap 9,587.28
(0.00%)
9,716.137,138.08
BSE Commodities 7,583.06
(0.00%)
7,844.375,426.47
BSE Consumer Discretionary 9,952.70
(0.00%)
10,192.226,575.66
BSE Energy 13,165.91
(0.00%)
13,774.898,048.48
BSE Financial Services 11,494.82
(0.00%)
11,680.759,133.30
BSE Industrials 15,721.67
(0.00%)
16,533.219,056.41
BSE Telecommunication 3,138.90
(0.00%)
3,203.061,812.26
BSE Utilities 6,204.33
(0.00%)
6,601.323,132.44
BSE India Manufacturing Index 1,082.46
(0.00%)
1,101.64769.07
BSE 150 MidCap Index 16,062.90
(0.00%)
16,425.8110,306.45
BSE 250 SmallCap Index 6,980.06
(0.00%)
7,200.684,634.67
BSE 250 LargeMidCap Index 10,746.45
(0.00%)
10,890.607,780.06
BSE 400 MidSmallCap Index 12,154.68
(0.00%)
12,467.297,889.96
BSE Dividend Stability Index 1,079.34
(0.00%)
1,104.00677.28
BSE Enhanced Value Index 1,001.22
(0.00%)
1,029.47543.05
BSE Low Volatility Index 1,870.59
(0.00%)
1,894.111,359.51
BSE Momentum Index 2,315.47
(0.00%)
2,405.401,306.02
BSE Quality Index 2,011.34
(0.00%)
2,050.521,267.19
BSE Diversified Financials Revenue Growth Index (I 1,427.39
(0.00%)
1,446.771,168.97
SBI Gold ETS 62.89
(-2.02%)
64.9549.57
UTI - Gold Exchange Traded Fund 61.60
(-2.05%)
64.2548.10
Nifty 100 Liquid 15 6,784.10
(-0.95%)
7,027.305,035.50
Nifty Composite G-Sec 2,749.78
(-0.01%)
2,750.672,522.42
Nifty 200 13,734.25
(-0.73%)
14,006.2510,017.55
Nifty India Manufacturing 14,414.15
(-0.88%)
15,075.159,330.15
Nifty50 PR 1x Inverse 201.20
(0.65%)
250.95197.05
Tata Gold Exchange Traded Fund 7.25
(-0.69%)
8.506.00
Nifty Commodities 9,145.80
(-0.85%)
9,535.306,098.95
India VIX 13.71
(-12.64%)
31.718.40
Nifty LargeMidcap 250 15,868.30
(-0.75%)
0.000.00
Nifty MidSmallcap 400 19,565.20
(-0.89%)
0.000.00
Nifty Midcap 150 20,872.05
(100.00%)
6,808.205,492.95
Nifty 100 Equal Weight 33,092.25
(-0.60%)
33,837.2522,110.15
Nifty100 ESG Sector Leaders 4,039.50
(-0.70%)
4,123.353,060.95
Nifty 500 Multicap 50:25:25 15,858.90
(-0.81%)
16,298.5011,194.05
Nifty Realty 1,088.85
(-0.19%)
1,157.35520.80
Nifty Smallcap 250 17,138.85
(-1.04%)
0.000.00
Nifty200 Momentum 30 34,908.95
(-1.04%)
147,290.6521,482.90
Nifty MNC 30,562.70
(-0.44%)
31,322.9021,432.25
Nifty Midcap 100 56,130.70
(-0.88%)
57,909.8536,655.25
Nifty 15 yr and above G-Sec 3,259.28
(-0.10%)
3,264.652,904.63
Nifty Midcap 50 15,773.10
(-0.60%)
16,177.4510,428.45
Nifty Microcap 250 23,329.35
(-0.54%)
24,278.2514,028.65
Nifty 10 Yr Benchmark G-Sec 2,348.51
(0.00%)
2,349.412,166.96
Nifty50 TR 1x Inverse 167.30
(0.63%)
210.55163.90
Nifty Metal 9,210.65
(-1.52%)
10,195.606,346.30
Nifty 100 25,313.50
(-0.70%)
25,821.1018,743.30
Nifty Midcap150 Quality 50 24,529.65
(-0.65%)
25,169.1017,781.95
Nifty50 PR 2x Leverage 14,203.70
(-1.31%)
14,806.259,059.10
Nifty Private Bank 25,731.60
(-1.10%)
26,653.5521,871.90
Nifty500 Multicap Infrastructure 50:30:20 14,366.40
(-1.03%)
14,843.8012,125.75
Nifty500 Multicap India Manufacturing 50:30:20 14,856.80
(-0.88%)
15,489.2512,790.90
Nifty 500 22,771.75
(-0.75%)
23,288.0516,466.25
Nifty MidSmall Healthcare 37,026.40
(-0.18%)
37,488.6031,279.60
Nifty Next 50 71,621.35
(-0.90%)
74,715.6042,539.15
Nifty200 Quality 30 21,710.60
(-0.13%)
21,978.5015,748.55
Nifty Tata Group 25% Cap 17,016.45
(0.34%)
17,181.9514,751.45
Nifty Smallcap 100 18,312.10
(-1.37%)
19,180.1011,496.20
Nifty Auto 25,173.10
(-0.31%)
25,991.4515,122.95
Nifty Energy 41,471.75
(-1.14%)
43,656.5525,623.75
Nifty PSU Bank 7,235.35
(-1.19%)
8,053.304,385.15
SBI Nifty Next 50 758.27
(-0.26%)
788.00445.65
Nifty Services Sector 30,907.20
(-1.04%)
31,506.4523,940.65
Nifty Midcap Select 12,303.25
(-0.89%)
12,610.608,376.85
Nifty 50 Equal Weight 30,834.20
(-0.42%)
31,482.3522,567.80
Nifty100 Quality 30 5,869.70
(-0.13%)
5,956.854,286.85
Nifty Healthcare Index 13,099.20
(-0.09%)
13,257.159,140.10
Nifty Consumer Durables 37,946.60
(0.52%)
38,951.0026,876.10
Nifty Media 1,939.60
(-0.73%)
2,508.601,717.40
Nifty Total Market 12,814.90
(-0.74%)
13,112.259,236.15
Nifty 100 Low Volatility 30 19,720.80
(0.21%)
19,955.4014,624.30
Nifty50 Dividend Points 139.81
(2.73%)
220.594.32
Nifty 8-13 yr G-Sec 2,651.65
(0.01%)
2,652.092,446.37
Nifty IT 39,600.15
(-0.44%)
40,682.7029,339.35
Nifty50 Value 20 13,800.05
(-0.19%)
14,039.609,925.20
Nifty FMCG 62,345.00
(2.35%)
61,491.4050,607.00
Nifty Financial Services 23,275.70
(-1.51%)
24,046.6018,870.15
Nifty Oil & Gas 12,465.30
(-1.49%)
13,194.457,422.45
Nifty200 Alpha30 27,363.45
(-1.09%)
28,976.3520,542.45
Nifty Midcap150 Momentum 50 62,753.95
(-1.04%)
66,147.1548,890.85
Nifty50 TR 2x Leverage 20,576.90
(-1.27%)
21,442.9512,898.20
Nifty100 ESG 4,848.95
(-0.64%)
4,949.503,575.55
Nifty Infrastructure 9,046.90
(-1.23%)
9,386.655,916.85
Nifty Pharma 20,633.90
(-0.04%)
20,960.3014,236.20
Nifty 11-15 yr G-Sec 2,940.89
(0.06%)
2,939.472,675.50
Nifty Dividend Opportunities 50 6,587.60
(-0.33%)
6,703.004,349.90
Nifty 4-8 Yr G-Sec 2,875.18
(0.01%)
2,876.502,657.99
Nifty Alpha Low-Volatility 30 28,843.80
(-0.13%)
0.000.00
Nifty Midcap Liquid 15 13,099.80
(-0.61%)
13,532.108,657.45
Nifty 10 Yr Benchmark G-Sec (Clean Price) 879.94
(-0.02%)
881.77857.30
Nifty India Digital Index 8,687.70
(-1.05%)
8,926.405,956.80
Nifty Bank 51,664.30
(-1.19%)
53,357.7042,105.40
Nifty India Consumption 11,523.85
(0.62%)
11,533.558,141.50
Nifty 50 24,353.50
(-0.64%)
24,854.8018,837.85
Nifty Financial Services 25/50 25,436.25
(-1.55%)
26,127.3519,583.30
Nifty Alpha 50 56,863.85
(-1.35%)
164,660.2033,001.50
Nifty Smallcap 50 8,535.65
(-0.88%)
0.000.00
Nifty PSE 10,944.95
(-1.68%)
11,592.205,222.35
Tata Silver Exchange Traded Fund 8.65
(-1.39%)
10.326.74
Nifty CPSE 7,037.80
(-1.99%)
7,488.153,311.00
Nifty Growth Sectors 15 12,069.70
(1.08%)
12,077.709,566.40
Edelweiss Exchange Traded Scheme - Banking 4,531.74
(0.00%)
4,730.004,500.07

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Market Value

Open Demat Account

50years
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Calculator

Invest in IPOs

Nifty Bank Index Today

Nifty Bank, which can also be referred to as Bank Nifty Index, is an index of selective bank stocks  which are listed on the National Stock Exchange (NSE) based in India. Nifty Bank is one of the most important indices compared to every other one on the NSE listings with various exchange-traded funds (ETFs), futures and options based on it. The top five stocks on 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's value is calculated using the free float market capitalization technique. One of its index versions is the Total Returns Index, sometimes known as the Bank Nifty TRI, which was introduced in 2000.

Tracking the Performance of Major Indian Banks

The Nifty Bank Index is a sectoral index on the NSE that tracks the performance of large and liquid banks, including up to 12 stocks from both public and private sector banks. It was launched in 2003, it is updated semi-annually to reflect changes in India's financial landscape. The top three stocks together cannot exceed 62% of the index and for any one stock cannot exceed 33%. 

  • From January 1, 2000, to December 31, 2021, the Nifty Bank Index achieved a compound annual growth rate (CAGR) of approximately 17.6%.
  • This outperformed the Nifty 50 Index in six out of ten years from 2011 to 2021.
  • As of August 2023, the Nifty Bank Index represents 13.34% of the NSE's float-adjusted market capitalisation and 88% of the NSE's banking sector capitalisation. 

Calculating the Nifty Bank Index Value

The value of the Nifty Bank share price is calculated based on the free-float market capitalisation of its 12 constituent stocks. Free-float market capitalisation includes shares available for public trading, excluding those held by promoters. The formula for calculating the index value is:

The formula for index value is:  

Index Value = (Current Index Free Float Market Capitalisation / Base Free Float Market Capitalisation of Index) * Base Index Value

How to Invest in Nifty Bank Stocks

You can invest in Nifty Bank through several methods: 

  1. ETFs and Index Funds: Invest in an ETF or index fund that tracks the Nifty Bank. These funds invest in the same set of stocks as the Nifty Bank, allowing you to benefit from the index’s growth.
  2. Futures and Options: Trade futures and options with Nifty Bank as the underlying asset. The outcome of these trades depends on the changes in the value of the Nifty Bank.
  3. Direct Stock Investment: Purchase stocks that are part of the Nifty Bank Index in the same proportion as they are represented in the index. This allows you to directly replicate the index’s performance in your portfolio. 

Investing in the Nifty Bank Index can provide exposure to the robust banking sector of India, offering potential growth and diversification benefits.

FAQs on Nifty Bank

An index is a group of a specific type of securities. They can be stocks, derivatives, or other financial instruments. The index represents as well as tracks the performance of the asset class or the market segment.

Indices are used to track the performance of a group of securities. Indices show the overall performance of an asset class or market sector.

There are over 350 indices listed on the National Stock Exchange (NSE).

There are over 50 indices listed on BSE.

The Nifty 50 is the largest Indian index. It is one of the most actively traded indices in the world.

Sensex and Nifty 50 are the two oldest indices in India.

The Sensex and the Nifty 50 are the two major indices in India.