BANK NIFTY
Bank Nifty: An In-Depth Guide
Introduction to Bank Nifty
The Bank Nifty, officially known as the NIFTY Bank Index, is one of the most crucial stock indices in India. It represents the performance of the banking sector in the Indian stock market. Consisting of the most liquid and large capitalized Indian banking stocks, the Bank Nifty serves as a barometer for the banking sector's health and investor sentiment.
The Bank Nifty, officially known as the NIFTY Bank Index, is one of the most crucial stock indices in India. It represents the performance of the banking sector in the Indian stock market. Consisting of the most liquid and large capitalized Indian banking stocks, the Bank Nifty serves as a barometer for the banking sector's health and investor sentiment.
Composition of Bank Nifty
The Bank Nifty index includes the most prominent and liquid banking stocks listed on the National Stock Exchange (NSE). As of the latest review, the index comprises 12 major banks, which include a mix of public sector banks (PSBs) and private sector banks. These banks are selected based on their market capitalization and liquidity. The following are some of the key components:
HDFC Bank
Axis Bank
ICICI Bank
State Bank of India (SBI)
Kotak Mahindra Bank
IndusInd Bank
