Bank Nifty is composed of the stocks of 12 most well-capitalized banks of India. It consists of both types of Banks whether it is private or Government. The stocks of these companies are very liquid. The fundamental of all these stocks is phenomenal.
Bank Nifty is a weighted index of 12 largest banks of India. It is used as a benchmark or standard for the performance of the banking sector in India. All the investors and the traders across the country analyze the banking sector of India by this index. This index is traded on the National Stock Exchange(NSE).
Constituents of Bank Nifty
Nifty Bank Index consists of 12 banking stocks. They comprise the 91.3% of the free-float market capitalization of the Indian banking sector. It is a mixture of both public and private sector banks. These stocks are Axis Bank, Bank of Baroda, Federal Bank, HDFC Bank, ICICI Bank, IDFC First Bank, Indusind Bank, Kotak Bank, Punjab National Bank, RBL Bank and State Bank of India. All of these banks are traded in F&O segment in India.
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