The 12 most liquid and well capitalised stocks from the banking sector that are traded on the National Stock Exchange make up Bank Nifty (NSE). It offers market intermediaries and investors a benchmark that accurately reflects the capital market performance of the Indian banking industry.
|Name||Percentage||Market Capitalization(in Cr.)|
|HDFC Bank Ltd||32.35%||5,71,430 Cr.|
|ICICI Bank Ltd||26.4%||4,66,430 Cr.|
|Kotak Mahindra Bank||13.78%||2,43,370 Cr.|
|Axis Bank Ltd||10.70%||1,88,980 Cr.|
|State Bank of India||9.52%||1,68,200 Cr.|
|IndusInd Bank Ltd||2.65%||46,790 Cr.|
|Bandhan Bank Ltd||1.45%||25,640 Cr.|
|Bank of Baroda Ltd||1.06%||18,730 Cr.|
|Federal Bank Ltd||0.97%||17,210 Cr.|
|IDFC First Bank Ltd||0.52%||9,120 Cr.|
|Punjab National Bank||0.50%||8,840 Cr.|
|AU Small Finance Bank Ltd||0.10%||1,750 Cr.|
|Nifty Bank||100%||17,66,490 Cr.|
The free float market capitalization approach is used to calculate the NIFTY Bank Index.
It includes the biggest and most liquid Indian banking equities. Based on the companies' free-float market capitalisation, the final selection of 12 companies will be made.
The movement in Bank Nifty Index depends on the fundamental and technical factors:-
Fundamental Factors -
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