Nifty Bank
 | |
| File:Bank nifty.png Performance of the NIFTY BANK index between 2003 and 2023 | |
| Foundation | September 15, 2003 |
|---|---|
| Operator | NSE Indices |
| Exchanges | National Stock Exchange of India |
| Constituents | 12 |
| Weighting method | Capitalisation-weighted |
| Website | www |
The NIFTY BANK Index comprises of Blue chip Indian Banking stocks. It is a benchmark for tracking the capital market performance of the Indian banks. The Index comprises of 12 companies listed on National Stock Exchange of India (NSE). It is the third most tracked index in India after Nifty 50 and BSE Sensex. [1]
The Nifty Bank index was launched on September 15, 2003 ,[2] and is one of the many stock indices of Nifty.
The NIFTY Bank index has the highest weightage in Nifty 50 index. As of January 2023, NIFTY 50 gives a weightage of 36.81% to Nifty Bank.
Methodology
The NIFTY Bank index is a free float market capitalisation weighted index. The base value of the index has been set at 1000 and base date is set to January 01, 2000
Record values
| Category | All-time highs[3] | |
|---|---|---|
| Closing | 44,049.10[4] | Wednesday, 14 December 2022 |
| Intra-day | 44,151.80[5] | Wednesday, 14 December 2022 |
Constituents
As of February 28, 2023 The 12 constituents are:
| Company Name | Symbol | Weightage[6] |
|---|---|---|
| HDFC Bank Limited | HDFCBANK | 28.86 |
| ICICI Bank Ltd. | ICICIBANK | 24.42 |
| Kotak Mahindra Bank | KOTAKBANK | 10.27 |
| Axis Bank | AXISBANK | 9.79 |
| State Bank of India | SBIN | 9.39 |
| IndusInd Bank | INDUSINDBK | 5.94 |
| Bank of Baroda | BANKBARODA | 2.50 |
| AU Small Finance Bank | AUBANK | 2.41 |
| Federal Bank Ltd. | FEDERALBNK | 2.31 |
| Bandhan Bank | BANDHANBNK | 1.48 |
References
- ↑ "NIFTY BANK Index" (PDF). NSE - National stock exchange (official website).
- ↑ "NSE official circular pdf" (PDF).
- ↑ "Nifty Bank crosses 44000 for the first time". 2022-12-14.
- ↑ "nifty bank touches new all time high". The Economic Times. 2022-12-14.
- ↑ "nifty bank touches new all time high". economic Times. 2022-12-14. Retrieved 2022-12-14.
- ↑ "Nifty Bank Index" (PDF).
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