Nifty Bank
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Nifty Bank Historical Returns
Nifty Bank Sector Weightage
Nifty Bank Performance
List of Nifty Bank Companies
| Company | Market Cap | Market Value |
|---|---|---|
| State Bank of India | 680234.54 | 762.60 (0.55%) |
| Kotak Mahindra Bank Ltd | 377971.7 | 1,901.50 (-0.98%) |
| Federal Bank Ltd | 45392.34 | 184.96 (-0.66%) |
| HDFC Bank Ltd | 1294171.47 | 1,691.50 (0.85%) |
| ICICI Bank Ltd | 885471.05 | 1,255.60 (0.32%) |
| Bank of Baroda | 115036.95 | 222.39 (-0.09%) |
| Canara Bank | 82452.22 | 90.91 (-1.11%) |
| IndusInd Bank Ltd | 74566.93 | 957.05 (0.92%) |
| Axis Bank Ltd | 304928.45 | 984.70 (0.13%) |
| Punjab National Bank | 110964.37 | 96.52 (-1.28%) |
Market Cap
680234.54
377971.7
45392.34
1294171.47
885471.05
762.60 (0.55%)
1,901.50 (-0.98%)
184.96 (-0.66%)
1,691.50 (0.85%)
1,255.60 (0.32%)
About Nifty Bank
Parent Organization
Nifty Bank
Exchange
NSE
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Nifty Bank FAQs
What is NIFTY Bank?
Bank Nifty is a stock market index that measures the performance of India's banking industry. It was set up by the National Stock Exchange (NSE) in 2003 to help the banking industry in India move capital freely and improve market performance.
Why is NIFTY Bank important?
The Nifty Bank Index is important because it tracks the performance of major banking stocks in India, giving investors an analysis of the banking sector. It helps people understand how well the banking industry is performing overall.
How many companies are listed with the Nifty Bank?
The Nifty Bank consists of 12 major banking companies from various sectors of the banking industry.
What is the formula to calculate the Nifty Bank Index?
The calculation for the Bank Nifty is based on the free-float market capitalization-weighted method.
Index Value = Current Market Capitalization/Base Market Capitalization x Base Index Value
Read below to understand the explanation:
The Current Market Capitalization is the sum of the market capitalizations of the selected bank stocks, adjusted for free-float shares.
Base Market Capitalization: Market capitalization at the time of the index's base year.
Base Index Value: The value of the index at the base year (usually set at 1000).
This method ensures that the index reflects the market performance of the banking sector accurately.
What is the significance of NIFTY Bank as a market indicator?
The NIFTY Bank is a key market indicator that reflects the performance of major banking stocks in India. Overall it provides insights into the financial health of the banking sector, which is crucial for economic stability.
What are the historical gap down of NIFTY Bank?
The widest gap down historically is -6.37% during the 2008 global financial crisis era, and the largest percentage gain earned in intraday by going long at open is 10.76%, which happened recently on March 13th, 2020.
Can i Invest directly in NIFTY Bank?
Investors cannot invest directly in NIFTY Bank, but they can invest in ETFs or index funds that track its performance.
How do economic events and news affect NIFTY Bank?
The banking industry can undergo quick price swings, which increases market volatility. The Bank Nifty is impacted by macroeconomic variables, regulatory changes, and geopolitical events affecting the banking industry.
How does NIFTY Bank perform compared to other major indices like the S&P BSE Bankex?
NIFTY Bank's performance may differ from other banking indices due to differences in composition, methodology, and sectoral representation.
How often are the companies in NIFTY Bank reviewed and changed?
The companies in the Nifty Bank index are typically reviewed every six months. Adjustments can also be made if significant corporate actions occur.
