Nifty Bank
+350.75 (+0.74 % )

Nifty Bank

22 Apr 2024
+350.75 (+0.74 %)
Today’s Low
Today’s High
Prev. Close
Today’s Open
52 Week High
52 Week Low
To trade in stocks picked by experts from this index Nifty Bank

Performance Chart

These are actions taken by a company that impact the shareholders value directly. It is an event that brings material changes to a company and affects its stakeholders.
1D
1W
1M
3M
24 Apr 2024
25 Apr 2024
29 May 2024
26 Jun 2024

Future Price

Contract Price (24 Apr 2024)
+445.40 (+0.74 % )
Spot Price
Premium(+) / Discount(-)
0.20

Key Details (24 Apr 2024)

Today’s Low
Today’s High
Open Interest
OI Change
Average Traded Price
Lot Size
Prev. Close
Today’s Open
Volume (Lacs)
Turnover
Rollover Cost
-2.26
Rollover Cost %
8.54

Option Chain

24 Apr 2024
25 Apr 2024
29 May 2024
26 Jun 2024
Calls
LTP (%Change)
OI (%Change)
Strike
Puts
LTP (%Change)
OI (%Change)
1168.15(195390%)
-43155.00(-18.09%)
46900
35.75(652575%)
14475.00(2.27%)
1072.2(684075%)
-154365.00(-18.41%)
47000
41.65(2234490%)
-307305.00(-12.09%)
975(183870%)
-41925.00(-18.57%)
47100
46.5(609435%)
152865.00(33.48%)
885.9(167475%)
-70815.00(-29.72%)
47200
53.4(741345%)
218910.00(41.90%)
794.95(197955%)
-213585.00(-51.90%)
47300
61.55(1052790%)
308625.00(41.47%)
705(299895%)
-114075.00(-27.56%)
47400
71.35(654945%)
-56925.00(-8.00%)
605.9(931440%)
-712470.00(-43.34%)
47500
84.55(1933785%)
299190.00(18.30%)
534.05(506340%)
-320955.00(-38.80%)
47600
99(734400%)
-181890.00(-19.85%)
442(839850%)
-122190.00(-12.70%)
47700
122.15(1077990%)
399750.00(58.94%)
366.7(884340%)
-248235.00(-21.92%)
47800
145(1158975%)
788340.00(212.70%)
296(1254375%)
799200.00(175.58%)
47900
177.5(1018965%)
812175.00(392.75%)
241.15(2838720%)
95100.00(3.47%)
48000
213.75(1837530%)
1033995.00(128.68%)
184.5(767640%)
124695.00(19.39%)
48100
252.85(237810%)
143400.00(151.89%)
139(1118970%)
361035.00(47.63%)
48200
310(208005%)
120900.00(138.80%)
104.1(1116690%)
408390.00(57.66%)
48300
377(117735%)
53430.00(83.09%)
76.2(1350765%)
559260.00(70.66%)
48400
440(68010%)
18045.00(36.12%)
52.6(2217540%)
318795.00(16.79%)
48500
528.1(354375%)
43950.00(14.16%)
37(744225%)
195900.00(35.73%)
48600
603.6(38805%)
1725.00(4.65%)
28.15(908985%)
368460.00(68.17%)
48700
697.45(30345%)
2010.00(7.09%)
20.15(763530%)
83040.00(12.20%)
48800
793.25(30315%)
-7680.00(-20.21%)
16.2(567540%)
134250.00(30.98%)
48900
882.7(21045%)
-2685.00(-11.31%)
Calls Strike Puts
LTP OI Change Change % LTP OI Change Change %
1168.15195390-43155-18.094690035.75652575144752.27
1072.2684075-154365-18.414700041.652234490-307305-12.09
975183870-41925-18.574710046.560943515286533.48
885.9167475-70815-29.724720053.474134521891041.90
794.95197955-213585-51.904730061.55105279030862541.47
705299895-114075-27.564740071.35654945-56925-8.00
605.9931440-712470-43.344750084.55193378529919018.30
534.05506340-320955-38.804760099734400-181890-19.85
442839850-122190-12.7047700122.15107799039975058.94
366.7884340-248235-21.92478001451158975788340212.70
2961254375799200175.5847900177.51018965812175392.75
241.152838720951003.4748000213.7518375301033995128.68
184.576764012469519.3948100252.85237810143400151.89
139111897036103547.6348200310208005120900138.80
104.1111669040839057.66483003771177355343083.09
76.2135076555926070.6648400440680101804536.12
52.6221754031879516.7948500528.13543754395014.16
3774422519590035.7348600603.63880517254.65
28.1590898536846068.1748700697.453034520107.09
20.157635308304012.2048800793.2530315-7680-20.21
16.256754013425030.9848900882.721045-2685-11.31

Latest News

Nifty may test 25,800 in run-up to election results, says Prabhudas
Nifty could test levels of 25,810 in the run-up to the General Election 2024 results due on June 4, Prabhudas Lilladher has said in a note while advocating a buy-on-dips strategy. The brokerage has picked 17 stocks as its top bets spanning sectors including capital goods, infra, real estate, logistics/ports, EMS, hospitals, tourism, auto, new energy, e-commerce and telecom.
22 Apr 2024 | 04:07 PM
✅Sensex surges 560 points at the close; Nifty near 22,400
✅ Amid positive global cues, benchmark indices closed on a positive note today. 📢 At 3:30 PM, the Sensex improved by 560.29 points or 0.77% at 73,648.62, and the Nifty was up 189.40 points or 0.86% at 22,336.40 . 📊Among sectoral, Nifty PSU Bank (⬆️3.07%) turned out to be the best performer while Nifty Metal(⬇️0.25%) saw considerable selling.
22 Apr 2024 | 03:37 PM
Mid-day Mood | Broader indices outperform Sensex, Nifty
Benchmark indices Sensex and Nifty continued to trade in green on April 22 afternoon as investors bought across sectors. The cheer was visible in broader markets as well, with BSE Midcap and BSE Smallcap indices outperforming frontline indices. Around noon, the Sensex was up 410.82 points, or 0.56 percent, at 73,499.15, and the Nifty was up 148 points, or 0.67 percent, at 22,295.
22 Apr 2024 | 12:21 PM
FIIs turn net short on Nifty, index futures, cut long bets
Foreign Institutional Investors (FIIs) converted their bullish positions into bearish bets last week due to ongoing geopolitical concerns, turning from net long to net shorts in index futures. FPIs’ (Foreign Portfolio Investors) long-short ratio in NSE index futures flipped to 35 to 65 on Friday, from 56-to-44 a week earlier. Follow our market blog for live updates.
22 Apr 2024 | 11:48 AM
Bank Nifty to see short covering above 48,200 levels
Bank Nifty gained 300 points on April 22 to near the short-term resistance levels​, after ending down 2 percent for the week on April 19. In the early morning trade, the banking index was trading above 47,800, with strong resistance seen at 48,000 / 48,200. Crucial support stands at 47,000 on a closing basis. ICICI Securities suggests that "It is likely to close the April monthly series.
22 Apr 2024 | 11:28 AM

What is Nifty Bank?

Nifty Bank is a sectoral index of the National Stock Exchange of India (NSE) that comprises the most liquid and actively traded banking stocks listed on the exchange. It serves as a benchmark for the performance of the banking sector within the Indian stock market.

 

Which stocks are included in Nifty Bank?

Nifty Bank comprises 12 major public and private sector banks, providing investors and market participants with a comprehensive view of the banking industry's health and trends. As of January 2024, top stocks in the Nifty Bank index include:

Company Name

AU Small Finance Bank Ltd.

Axis Bank Ltd.

Bandhan Bank Ltd.

Bank of Baroda

Federal Bank Ltd.

HDFC Bank Ltd.

ICICI Bank Ltd.

IDFC First Bank Ltd.

IndusInd Bank Ltd.

Kotak Mahindra Bank Ltd.

Punjab National Bank

State Bank of India

How is Nifty Bank calulated?

The calculation of Bank Nifty involves the establishment of a base date and value, which serve as foundational elements for the index. The base date, set as January 1st, 2000, signifies the initiation of tracking, while the base value, determined by NSE at Rs 1000, represents the index's worth on that commencement date. Notably, each bank in the index does not carry the same weight. Larger entities, such as HDFC Bank, hold a more substantial influence, while smaller entities, like IDFC Bank, have a comparatively lighter impact. This weightage is determined through the free-float market capitalisation method, wherein the size of each bank is a key factor in establishing its significance within the Bank Nifty framework.

What is the weightage of each stock in Nifty Bank?

The weightage of each stock in the Nifty Bank is determined based on its market capitalisation relative to the total market capitalisation of all the stocks in the index. The table below depicts the weightage of the top 10 stocks included in the Nifty Bank index (as of January 2024):

Stock

Weightage

HDFC Bank

29.39%

ICICI Bank

22.57%

Kotak Mahindra Bank

9.92%

Axis Bank

9.88%

State Bank of India

9.87%

IndusInd Bank

6.43%

Bank of Baroda

2.62%

AU Small Finance Bank

2.30%

Federal Bank

2.13%

IDFC First Bank

2.06%

Is F&O trading possible in Nifty Bank?

Yes - you can trade in both - futures and options - for Bank Nifty. As of January 2024, the lot size for a Bank Nifty contract is 15 units. 

 

How are stocks selected for Nifty Bank?

The stocks for the Nifty Bank index are selected based on the free float market capitalisation methodology. The index is reviewed twice a year, and the stocks are added or removed based on parameters such as market capitalisation, liquidity, and sector representation.

 

How is the closing price of Nifty Bank calculated?

The closing price of Nifty Bank, like any other financial index, is determined through a weighted average calculation of the closing prices of its constituent stocks between 3 PM to 3:30 PM. The calculation involves summing up the closing prices of all the constituent stocks and applying the respective weightage based on market capitalisation. The resulting figure is then divided by the index's divisor to obtain the final closing price.
​​​​​​

How can I trade in Nifty Bank?

The Nifty Bank index reflects the performance of 12 major banking companies listed on the National Stock Exchange (NSE). As a result, directly buying or selling the Nifty Bank units is not possible. However, you can trade in derivatives, such as Futures and Options, with the Nifty Bank as the underlying index. You can also invest in mutual fund schemes that are designed to specifically replicate the Bank Nifty index and its performance.