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What is Bank Nifty Index

Bank Nifty is an index that is comprised of the twelve most liquid and large capitalized stocks in Indian Banking sector. Some of the Prominent Stocks include State Bank of India, Axis Bank Ltd, HDFC Bank Ltd, Yes Bank Ltd etc. Performance of all this twelve stocks provides investors and market intermediaries with a benchmark that captures the capital market performance of the Indian banking sector.

The Bank Nifty Index has 12 stocks from the banking sector, which trade on the National Stock Exchange (NSE). The Movement in these stocks, can help us in identify the Market trend either Uptrend or Down trend of banking index. Bank Nifty Index moves according to movements of major banking stocks like SBIN, HDFCBANK or ICICIBANK.

Bank Nifty Index was Launched on September 15, 2003 it can be used for a variety of purposes by Fund Manager for benchmarking their mutual fund portfolios, launching new index mutual funds, ETF’s and other financial products.

Intraday Trading in Bank Nifty

Lot Size of Bank Nifty is 25 in f&o Segment, so If you want to trade in Bank Nifty you have to buy minimum 1 Lot (25 qty ). Sai stocks provide Bank Nifty tips 2/3 times in the week with 85% to 90% accuracy. Learn how to trade in our Nifty Calls.


Indian Banking Sector

Bank Nifty Reflects the Movement of Indian Banking Sector, The Twelve stock that make up the Bank Nifty Index as per the National stock exchange are as listed below as on 29 July 14

Top 10 constituents by weightage

Company’s Name Weight

(%)

ICICI Bank Ltd.

27.53

HDFC Bank Ltd.

25.67

State Bank of India

13.95

Axis Bank Ltd

10.69

Kotak Mahindra Bank Ltd.

5.67

IndusInd Bank Ltd.

4.20

Yes Bank Ltd.

2.93

Bank of Baroda

2.77

Punjab National Bank

2.48

Federal Bank Ltd.

1.92


As Bank Nifty comprises of twelve stocks, the other two stocks are Canara Bank & Bank of India.

In the above list first 5 stocks Icici Bank, Hdfc Bank, State Bank of India, Axis Bank and Kotak Mahindra Bank Ltd have the highest weight in bank nifty index, so most of the time trend of these five must be same as trend of bank nifty index. If this five banking stock are going up, Bank Nifty will also go up and if they are falling down, bank nifty will fall down.


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