Nifty Bank
24 May 2024
+203.05 (+0.42 % )

Nifty Bank

24 May 2024
+203.05 (+0.42 %)
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 Nifty Bank
1D
1M
6M
1Y
5Y
All

Nifty Bank Price Performance

1 Week
1.78%
1 Month
1.62%
6 Month
11.89%
1 Year
12.12%
3 Year
11.91%
5 Year
9.43%
Today’s Low
48644.8
Today’s High
49052.95
Prev. Close
48768.6
Today’s Open
48668
52 Week High
49974.75
52 Week Low
42105.4
Other Indices
Nifty 100
₹23980.1
-2.25 (-0.01%)

Nifty 50
₹22957.1
-10.55 (-0.05%)

Nifty Financial Services
₹21852.3
+120.65 (+0.56%)

Nifty Midcap 100
₹52424.45
+5.90 (+0.01%)

Nifty Next 50
₹69033.25
+213.45 (+0.31%)

Nifty 100 Equal Weight
₹31492.85
-35.50 (-0.11%)

Nifty 100 Liquid 15
₹6679
+0.50 (+0.01%)

Nifty 100 Low Volatility 30
₹18201.45
-80.40 (-0.44%)

Nifty 200
₹12981.65
-0.75 (-0.01%)

Nifty 50 Equal Weight
₹29112.1
-72.85 (-0.25%)

Nifty 500
₹21483.75
-5.80 (-0.03%)

Nifty 500 Multicap 50:25:25
₹14889.5
-7.40 (-0.05%)

Nifty Alpha 50
₹53550.45
+47.30 (+0.09%)

Nifty Alpha Low-Volatility 30
₹27287.05
-45.20 (-0.17%)

Nifty Auto
₹23891.45
+42.20 (+0.18%)

Nifty Commodities
₹9141.85
+0.90 (+0.01%)

Nifty Consumer Durables
₹35553.35
-45.95 (-0.13%)

Nifty CPSE
₹6774.15
+32.45 (+0.48%)

Nifty Dividend Opportunities 50
₹6093.65
-7.20 (-0.12%)

Nifty Energy
₹41634.65
+75.40 (+0.18%)

Nifty Financial Services 25/50
₹23678.65
+119.65 (+0.51%)

Nifty FMCG
₹55449.15
-449.85 (-0.80%)

Nifty Growth Sectors 15
₹10865.25
-75.10 (-0.69%)

Nifty Healthcare Index
₹12043.5
-72.45 (-0.60%)

Nifty India Consumption
₹10741.4
-55.30 (-0.51%)

Nifty India Digital Index
₹7807.55
-43.35 (-0.55%)

Nifty India Manufacturing
₹13972.25
+18.85 (+0.14%)

Nifty Infrastructure
₹8855.9
+7.40 (+0.08%)

Nifty IT
₹33824.3
-218.55 (-0.64%)

Nifty LargeMidcap 250
₹14944.35
-4.40 (-0.03%)

Nifty Media
₹1897
+19.60 (+1.04%)

Nifty Metal
₹9928.4
-31.05 (-0.31%)

Nifty Microcap 250
₹21114.45
-90.55 (-0.43%)

Nifty Midcap 150
₹19553.15
-9.40 (-0.05%)

Nifty Midcap 50
₹14662.65
-14.80 (-0.10%)

Nifty Midcap Liquid 15
₹11665.15
-31.20 (-0.27%)

Nifty Midcap Select
₹11458.25
+38.15 (+0.33%)

Nifty Midcap150 Momentum 50
₹60884.2
+173.15 (+0.29%)

Nifty Midcap150 Quality 50
₹22879.7
+50.65 (+0.22%)

Nifty MidSmall Healthcare
₹34040.4
-222.50 (-0.65%)

Nifty MidSmallcap 400
₹18252.1
-13.90 (-0.08%)

Nifty MNC
₹29159.45
-94.95 (-0.32%)

Nifty Oil & Gas
₹11992.15
+61.35 (+0.51%)

Nifty Pharma
₹19119.5
-96.85 (-0.50%)

Nifty Private Bank
₹24303.5
+99.55 (+0.41%)

Nifty PSE
₹10825.9
+129.45 (+1.21%)

Nifty PSU Bank
₹7359.05
-5.90 (-0.08%)

Nifty Realty
₹1023.65
-6.75 (-0.66%)

Nifty Services Sector
₹28677.55
+22.55 (+0.08%)

Nifty Smallcap 100
₹16883
-28.90 (-0.17%)

Nifty Smallcap 250
₹15865.65
-20.20 (-0.13%)

Nifty Smallcap 50
₹7783.05
+4.45 (+0.06%)

Nifty Tata Group 25% Cap
₹16299.65
-90.80 (-0.55%)

Nifty Total Market
₹12072.7
-4.90 (-0.04%)

Nifty100 ESG
₹4515.5
-8.65 (-0.19%)

Nifty100 Quality 30
₹5468.6
+3.80 (+0.07%)

Nifty200 Alpha30
₹26213.35
+222.20 (+0.85%)

Nifty200 Momentum 30
₹34913.65
+377.10 (+1.09%)

Nifty200 Quality 30
₹19806.9
+11.10 (+0.06%)

Nifty50 Value 20
₹12597.8
-59.60 (-0.47%)

Nifty500 Multicap India Manufacturing 50:30:20
₹14174.25
+24.25 (+0.17%)

Nifty500 Multicap Infrastructure 50:30:20
₹13593.65
+21.25 (+0.16%)

S&P BSE Telecommunication
₹2817.65
+51.39 (+1.86%)

S&P BSE Capital Goods
₹70235.49
+748.07 (+1.08%)

S&P BSE CPSE
₹4218.86
+35.79 (+0.86%)

S&P BSE Momentum Index
₹2166.76
+16.22 (+0.75%)

S&P BSE PSU
₹21301.33
+140.09 (+0.66%)

S&P BSE Midcap Select Index
₹15505.26
+97.20 (+0.63%)

S&P BSE Industrials
₹14941.1
+87.60 (+0.59%)

S&P BSE Private Banks Index
₹17383.84
+90.62 (+0.52%)

S&P BSE Oil&Gas
₹29562.62
+153.73 (+0.52%)

S&P BSE Energy
₹12662.26
+59.39 (+0.47%)

S&P BSE Bharat 22 Index
₹8924.39
+38.82 (+0.44%)

S&P BSE SME IPO
₹74431.21
+260.84 (+0.35%)

S&P BSE BANKEX
₹55918.6
+178.36 (+0.32%)

S&P BSE Financial Services
₹10751
+33.34 (+0.31%)

S&P BSE Mid-Cap
₹43519.44
+99.51 (+0.23%)

S&P BSE Dollex 200
₹2129.8
+4.64 (+0.22%)

S&P BSE Enhanced Value Index
₹965.73
+1.77 (+0.18%)

S&P BSE 150 Midcap Index
₹14751.39
+19.74 (+0.13%)

S&P BSE 400 MidSmallCap Index
₹11149.62
+7.59 (+0.07%)

S&P BSE Dividend Stability Index
₹1022.06
+0.59 (+0.06%)

S&P BSE India Infrastructure
₹647.27
+0.19 (+0.03%)

S&P BSE Quality Index
₹1883.59
+0.38 (+0.02%)

S&P BSE 100 ESG Index
₹378.18
+0.05 (+0.01%)

S&P BSE Utilities
₹6134.39
+0.89 (+0.01%)

S&P BSE 200
₹10626.32
-1.09 (-0.01%)

S&P BSE Sensex
₹75410.39
-7.65 (-0.01%)

S&P BSE SENSEX 50 Index
₹24160.2
-5.73 (-0.02%)

S&P BSE 250 LargeMidCap Index
₹10083.65
-2.43 (-0.02%)

S&P BSE 500
₹33931.48
-9.55 (-0.03%)

S&P BSE 100
₹24252.46
-8.99 (-0.04%)

S&P BSE Consumer Durables
₹55929.21
-24.50 (-0.04%)

S&P BSE CARBONEX
₹3949.23
-1.57 (-0.04%)

S&P BSE Allcap Index
₹9887.91
-5.13 (-0.05%)

S&P BSE 100 LargeCap TMC Index
₹8683.99
-5.59 (-0.06%)

S&P BSE 250 SmallCap Index
₹6380.77
-4.45 (-0.07%)

S&P BSE Largecap
₹9042.78
-7.37 (-0.08%)

S&P BSE Auto
₹54250.83
-44.77 (-0.08%)

S&P BSE SENSEX Next 50
₹77545.91
-73.46 (-0.09%)

S&P BSE IPO
₹14105.7
-15.37 (-0.11%)

S&P BSE India Manufacturing
₹1039.79
-1.20 (-0.12%)

S&P BSE Tech
₹16195.01
-26.88 (-0.17%)

S&P BSE Small-Cap
₹47996.45
-94.98 (-0.20%)

S&P BSE Diversified Financials Revenue Growth
₹1320.85
-3.46 (-0.26%)

S&P BSE Power
₹7791.02
-20.95 (-0.27%)

S&P BSE Consumer Discretionary
₹9323.6
-27.54 (-0.29%)

S&P BSE Smallcap Select Index
₹7113
-24.37 (-0.34%)

S&P BSE Commodities
₹7360.26
-26.18 (-0.35%)

S&P BSE Low Volatility Index
₹1750.69
-6.37 (-0.36%)

S&P BSE Greenex
₹7002.22
-25.94 (-0.37%)

S&P BSE Metal
₹33466.39
-139.17 (-0.41%)

S&P BSE Realty Index
₹8040.12
-38.20 (-0.47%)

S&P BSE Healthcare
₹35445.32
-182.46 (-0.51%)

S&P BSE IT Sector
₹34517.19
-189.90 (-0.55%)

S&P BSE FMCG Sector
₹19955.7
-142.97 (-0.71%)

S&P BSE Services
₹1496.64
-23.11 (-1.52%)

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.