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NSE BSE
bankex

BANKEX

60767.63 -191.64 (-0.31%)
Dec 11 2024 03:30 PM Sector: -

12

BANKEX

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No Data Available

BANKEX Performance

Day Range

Low60697.02 High61056.24
60959.27

52 Week Range

Low 50238.96 High 61804.10
60959.27

Open Price

60856.15

Prev. Close

60959.27

Volume (Shares)

.00

Total traded value

.00

Upper Circuit

.00

Lower Circuit

.00

All Indices

  • NSE
  • BSE
NAME PRICE CHANGE CHANGE % PREVIOUS CLOSE
Nifty 50
24641.80
arrowup arrowndown
31.75 0.13% 24610.05 forward-arrow
India VIX
13.27
arrowup arrowndown
-0.51 -3.70% 13.78 forward-arrow
Nifty Bank
53391.35
arrowup arrowndown
-186.35 -0.35% 53577.70 forward-arrow
Nifty 100
25635.05
arrowup arrowndown
34.85 0.14% 25600.20 forward-arrow
Nifty 200
14007.60
arrowup arrowndown
22.15 0.16% 13985.45 forward-arrow
Nifty Fin Service
24803.05
arrowup arrowndown
0.10 0.00% 24802.95 forward-arrow
Nifty 500
23358.15
arrowup arrowndown
43.25 0.19% 23314.90 forward-arrow
NIFTY Alpha 50
59317.00
arrowup arrowndown
339.90 0.58% 58977.10 forward-arrow
Nifty Auto
23851.85
arrowup arrowndown
84.80 0.36% 23767.05 forward-arrow
Nifty CPSE
6562.95
arrowup arrowndown
-11.10 -0.17% 6574.05 forward-arrow
Nifty Energy
37308.85
arrowup arrowndown
-142.70 -0.38% 37451.55 forward-arrow
Nifty GS 4 8Yr
2983.34
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-0.66 -0.02% 2984.00 forward-arrow
Nifty GS 8 13Yr
2762.62
arrowup arrowndown
-1.37 -0.05% 2763.99 forward-arrow
NIFTY INDIA MFG
14454.35
arrowup arrowndown
32.75 0.23% 14421.60 forward-arrow
Nifty Infra
8904.55
arrowup arrowndown
4.80 0.05% 8899.75 forward-arrow
Nifty IT
45350.35
arrowup arrowndown
150.60 0.33% 45199.75 forward-arrow
Nifty Media
2010.85
arrowup arrowndown
-10.40 -0.51% 2021.25 forward-arrow
Nifty Metal
9483.65
arrowup arrowndown
8.30 0.09% 9475.35 forward-arrow
Nifty Midcap 50
16536.95
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53.30 0.32% 16483.65 forward-arrow
Nifty MNC
29519.30
arrowup arrowndown
271.50 0.93% 29247.80 forward-arrow
Nifty Next 50
73292.15
arrowup arrowndown
195.70 0.27% 73096.45 forward-arrow
Nifty Pharma
22302.60
arrowup arrowndown
11.15 0.05% 22291.45 forward-arrow
Nifty PSE
10363.30
arrowup arrowndown
11.40 0.11% 10351.90 forward-arrow
Nifty PSU Bank
7089.05
arrowup arrowndown
-63.60 -0.89% 7152.65 forward-arrow
Nifty Pvt Bank
25856.10
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-63.75 -0.25% 25919.85 forward-arrow
Nifty Realty
1094.35
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2.00 0.18% 1092.35 forward-arrow
NIFTY SMLCAP 50
9467.20
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14.40 0.15% 9452.80 forward-arrow
NIFTY TOTAL MKT
13193.60
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25.65 0.19% 13167.95 forward-arrow
Nifty100 Liq 15
6452.05
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13.50 0.21% 6438.55 forward-arrow
Nifty GS 10Yr
2444.69
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-1.46 -0.06% 2446.15 forward-arrow
Nifty FMCG
56766.80
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236.55 0.42% 56530.25 forward-arrow
Nifty Commodities
8753.30
arrowup arrowndown
4.80 0.05% 8748.50 forward-arrow
NIFTY CONSR DURBL
42742.90
arrowup arrowndown
241.00 0.57% 42501.90 forward-arrow
Nifty Consumption
11567.30
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42.85 0.37% 11524.45 forward-arrow
Nifty Div Opps 50
6658.70
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18.80 0.28% 6639.90 forward-arrow
Nifty FinSrv25 50
26688.30
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48.25 0.18% 26640.05 forward-arrow
Nifty GrowSect 15
12149.05
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36.65 0.30% 12112.40 forward-arrow
Nifty GS 10Yr Cln
892.71
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-0.70 -0.08% 893.41 forward-arrow
Nifty GS 11 15Yr
3057.65
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0.00 0.00% 3057.65 forward-arrow
Nifty GS 15YrPlus
3382.75
arrowup arrowndown
-2.47 -0.07% 3385.22 forward-arrow
Nifty GS Compsite
2858.81
arrowup arrowndown
-1.30 -0.05% 2860.11 forward-arrow
NIFTY HEALTHCARE
14408.75
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52.45 0.37% 14356.30 forward-arrow
NIFTY IND DIGITAL
10001.75
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13.15 0.13% 9988.60 forward-arrow
NIFTY LARGEMID250
16352.70
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37.75 0.23% 16314.95 forward-arrow
NIFTY M150 QLTY50
25262.35
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106.85 0.42% 25155.50 forward-arrow
NIFTY MICROCAP250
26411.60
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110.10 0.42% 26301.50 forward-arrow
Nifty Mid Liq 15
14725.80
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52.65 0.36% 14673.15 forward-arrow
NIFTY MID SELECT
13133.80
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48.40 0.37% 13085.40 forward-arrow
NIFTY MIDCAP 100
59292.95
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157.55 0.27% 59135.40 forward-arrow
NIFTY MIDCAP 150
21879.55
arrowup arrowndown
70.45 0.32% 21809.10 forward-arrow
NIFTY MIDSML 400
20728.85
arrowup arrowndown
63.65 0.31% 20665.20 forward-arrow
NIFTY OIL AND GAS
11224.90
arrowup arrowndown
2.55 0.02% 11222.35 forward-arrow
Nifty Serv Sector
32958.90
arrowup arrowndown
21.40 0.06% 32937.50 forward-arrow
NIFTY SMLCAP 100
19657.35
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74.15 0.38% 19583.20 forward-arrow
NIFTY SMLCAP 250
18502.65
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52.05 0.28% 18450.60 forward-arrow
NIFTY100 EQL Wgt
32903.35
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101.65 0.31% 32801.70 forward-arrow
NIFTY100 LowVol30
19688.25
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77.40 0.39% 19610.85 forward-arrow
NIFTY100 Qualty30
5784.95
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32.45 0.56% 5752.50 forward-arrow
Nifty100ESGSecLdr
4117.00
arrowup arrowndown
5.90 0.14% 4111.10 forward-arrow
NAME PRICE CHANGE CHANGE % PREVIOUS CLOSE
SENSEX
81526.14
16.09 0.02% 81510.05 forward-arrow
BSE100
26174.00
29.15 0.11% 26144.85 forward-arrow
SNSX50
25912.99
25.71 0.10% 25887.28 forward-arrow
BSE200
11413.58
16.14 0.14% 11397.44 forward-arrow
BSE500
36736.37
60.55 0.17% 36675.82 forward-arrow
BSE CG
73519.41
173.16 0.24% 73346.25 forward-arrow
BSE CD
66494.79
387.88 0.59% 66106.91 forward-arrow
BSEPSU
20481.34
-18.16 -0.09% 20499.50 forward-arrow
TECK
20251.87
70.34 0.35% 20181.53 forward-arrow
BANKEX
60767.63
-191.64 -0.31% 60959.27 forward-arrow
AUTO
53995.50
197.66 0.37% 53797.84 forward-arrow
METAL
32016.12
38.90 0.12% 31977.22 forward-arrow
OILGAS
27216.56
43.65 0.16% 27172.91 forward-arrow
DOL30
7887.22
0.99 0.01% 7886.23 forward-arrow
DOL100
3190.69
3.34 0.10% 3187.35 forward-arrow
DOL200
2239.20
3.02 0.14% 2236.18 forward-arrow
REALTY
8514.73
5.31 0.06% 8509.42 forward-arrow
POWER
7582.37
-26.14 -0.34% 7608.51 forward-arrow
BSEIPO
16844.09
68.69 0.41% 16775.40 forward-arrow
GREENX
7827.50
33.63 0.43% 7793.87 forward-arrow
CARBON
4344.48
15.78 0.36% 4328.70 forward-arrow
SMEIPO
113528.40
1398.18 1.25% 112130.22 forward-arrow
INFRA
649.29
0.16 0.02% 649.13 forward-arrow
CPSE
3991.44
5.54 0.14% 3985.90 forward-arrow
MIDCAP
48084.73
117.58 0.25% 47967.15 forward-arrow
SMLCAP
57703.48
200.36 0.35% 57503.12 forward-arrow
BSEFMC
20882.45
70.01 0.34% 20812.44 forward-arrow
BSE HC
44433.06
134.36 0.30% 44298.70 forward-arrow
BSE IT
45140.12
156.34 0.35% 44983.78 forward-arrow
MFG
1028.27
1.74 0.17% 1026.53 forward-arrow
ALLCAP
10471.31
71.07 0.68% 10400.24 forward-arrow
COMDTY
7727.62
21.65 0.28% 7705.97 forward-arrow
CONDIS
10212.85
22.91 0.22% 10189.94 forward-arrow
ENERGY
11503.05
4.62 0.04% 11498.43 forward-arrow
FINSER
12002.06
5.46 0.05% 11996.60 forward-arrow
INDSTR
15991.80
62.97 0.40% 15928.83 forward-arrow
LRGCAP
9613.12
11.01 0.11% 9602.11 forward-arrow
MIDSEL
17967.06
48.43 0.27% 17918.63 forward-arrow
SMLSEL
8531.44
40.20 0.47% 8491.24 forward-arrow
TELCOM
2964.30
9.69 0.33% 2954.61 forward-arrow
UTILS
5798.46
-20.10 -0.35% 5818.56 forward-arrow
BHRT22
9090.30
-23.76 -0.26% 9114.06 forward-arrow
ESG100
409.05
0.36 0.09% 408.69 forward-arrow
MID150
16532.40
53.64 0.33% 16478.76 forward-arrow
SML250
7414.33
24.97 0.34% 7389.36 forward-arrow
LMI250
10836.94
15.72 0.15% 10821.22 forward-arrow
MSL400
12650.15
41.60 0.33% 12608.55 forward-arrow
BSEDSI
1039.98
2.27 0.22% 1037.71 forward-arrow
BSEEVI
952.55
-0.70 -0.07% 953.25 forward-arrow
BSELVI
1801.49
5.37 0.30% 1796.12 forward-arrow
BSEMOI
2337.31
10.11 0.43% 2327.20 forward-arrow
BSEQUI
1855.49
12.95 0.70% 1842.54 forward-arrow
DFRGRI
1487.24
3.76 0.25% 1483.48 forward-arrow
LCTMCI
9230.95
9.11 0.10% 9221.84 forward-arrow
BSEPBI
18870.93
-40.30 -0.21% 18911.23 forward-arrow

What is BSE Bankex ?

The BSE Bankex is a prominent stock market index that tracks the performance of the leading banking sector companies listed on the Bombay Stock Exchange (BSE). This index includes major banks that are crucial to the Indian economy, reflecting their financial health and market performance. Monitoring the bankex share price today provides investors with insights into the banking sector's daily performance and trends. The bankex index serves as a benchmark for investors focusing on banking stocks, offering a clear picture of the sector's dynamics. By following the bankex price, investors can make informed decisions about their investments in the banking sector.

Read more... How is BSE Bankex Calculated?

The BSE Bankex is calculated using the free-float market capitalization method, which focuses on the shares that are available for public trading. This approach ensures that the index reflects the actual market value of the constituent companies. The calculation of the BSE Bankex involves the following steps:

Selection of Constituents: The first step is to select the top-performing banking stocks listed on the Bombay Stock Exchange (BSE) based on criteria such as market capitalization, liquidity, and trading frequency. These stocks represent the major players in the Indian banking sector.

Determining Free-float Market Capitalization: For each constituent stock, the free-float market capitalization is calculated. This involves multiplying the stock price by the number of shares available for public trading (free-float shares). The formula is:

Free-float Market Capitalization = Stock Price × Number of Free-float Shares

Summing Free-float Market Capitalizations: The next step is to sum the free-float market capitalizations of all the constituent stocks to get the total free-float market capitalization of the index.

Calculating the Index Value: The BSE Bankex value is then calculated by dividing the total free-float market capitalization by the base market capital and multiplying by the base index value. The formula is:

Bankex Index Value = {∑(Stock Price×Number of Free-float Shares) / Base Market Capital} × Base Index Value

Company Name: Bank A | Stock Price (₹): 500 | Number of Free-float Shares: 10,00,000 | Free-float Market Capitalization (₹): 50,00,00,000
Company Name: Bank B | Stock Price (₹): 800 | Number of Free-float Shares: 7,00,000 | Free-float Market Capitalization (₹): 56,00,00,000
Company Name: Bank C | Stock Price (₹): 300 | Number of Free-float Shares: 20,00,000 | Free-float Market Capitalization (₹): 60,00,00,000
Total Free-float Market Capitalization (₹): 1,66,00,00,000

If the base market capital is ₹200,000,000 and the base index value is 1000, then:

Bankex Index Value=(1660,000,000/200,000,000)×1000=8300

This calculation method ensures that the BSE Bankex accurately reflects the market value and performance of the leading banking stocks in India.

How are Stocks Selected for Inclusion in BSE BANKEX?

Stocks are selected for inclusion in the BSE Bankex based on several criteria, including market capitalization, liquidity, and trading frequency. Only the top-performing and most liquid banking stocks are considered to ensure that the index accurately represents the banking sector. This selection process helps maintain the relevance and reliability of the bankex index, making it a trusted benchmark for investors.

What are the Benefits of Investing in the BSE BANKEX?

• Diversification: Invest in a wide range of top-performing banking stocks, reducing risk by spreading investments across various entities.

• Stability: Includes well-established banks with solid financials, providing a stable investment option.

• Growth Potential: Reflects the overall health and growth of the banking sector, offering opportunities for capital appreciation.

• Liquidity: High liquidity due to the active trading of constituent stocks, ensuring ease of entry and exit.

• Benchmarking: Serves as a benchmark for evaluating banking sector investments, helping to measure performance against market standards. Read less

BSE Bankex

The BSE Bankex is a prominent index tracking the performance of banking sector stocks listed on the Bombay Stock Exchange (BSE). It serves as a reliable benchmark for investors focusing on the financial industry. With its historical significance and strong correlation to India’s economic growth, the BSE Bankex reflects market trends and sectoral strength. Established to provide transparency and insights, it incorporates key players contributing to the banking industry’s market capitalization. By closely monitoring the BSE Bankex index, investors gain insights into the sector's performance, overall trends, future opportunities, and key developments, helping them make informed decisions aligned with market dynamics.

What is the BSE Bankex Index?

The BSE Bankex index is a dedicated benchmark tracking the performance of banking sector stocks listed on the Bombay Stock Exchange (BSE). Introduced to emphasize the growth of the banking industry, the BSE Bankex reflects the sector's importance in the overall equity market. This index helps investors assess trends and opportunities within banking stocks, which are crucial to India’s economic development. The BSE Bankex index companies included are selected based on their market capitalization, historical growth, profitability, and performance. With a focus on transparency and reliability, the BSE Bankex index supports investors in making informed decisions aligned with sectoral growth.

How is the BSE Bankex Index Value Calculated?

Calculation of the BSE Bankex index is done using a free-float market capitalization methodology. This approach focuses on the market value of listed BSE Bankex index companies based on publicly available shares. The index includes key banking sector stocks, ensuring the proportion of market capitalization is adjusted for free-float factors, providing a fair representation of the sector’s performance. The inclusion of major Bankex stocks ensures that the index accurately reflects the sector's strength and consistent growth. Additionally, Bankex BSE incorporates weightage based on the relative importance of each company's free-float market capitalization.

This comprehensive methodology helps investors analyze trends within the BSE Bankex index, enabling them to make well-informed decisions aligned with sector growth and performance. By monitoring the BSE Bankex index, participants gain valuable insights into the financial health, opportunities, trends, and market position of leading BSE Bankex index companies.

BSE Bankex Scrip Selection Criteria

  1. Market Capitalization: Companies included in the BSE Bankex index are selected based on their market capitalization, ensuring the representation of top-performing banking stocks in the financial sector. This ensures the inclusion of industry leaders.
  2. Free-Float Adjustment: Only stocks meeting the free-float market capitalization threshold are eligible to be included  in the BSE Bankex index.
  3. Trading Volume: Companies must demonstrate consistent trading activity, with adequate volume and liquidity, to be part of the BSE Bankex index, ensuring reliability.
  4. Sector Representation: The BSE Bankex index companies are chosen to reflect the diversity, financial stability, and strength of the banking sector.
  5. Financial Performance: The inclusion process evaluates profitability, stability, growth metrics, and overall performance to select key Bankex stocks.
  6. Listing Requirement: All companies in the BSE Bankex index must be listed on the Bombay Stock Exchange (Bankex BSE) to ensure compliance.

How does BSE Bankex work?

The BSE Bankex operates as a sector-specific index that tracks how well top banking stocks on the Bombay Stock Exchange (Bankex BSE) are performing. The BSE Bankex index is calculated using a free-float market capitalization methodology, ensuring that only the freely available shares of constituent companies are considered.

This approach highlights the true market value of leading Bankex stocks, offering an accurate representation of the banking sector’s performance and consistent growth. The inclusion criteria for BSE Bankex index companies are based on market capitalization, liquidity, profitability, and financial strength, ensuring that only the most impactful companies contribute to the index.

By focusing on banking sector leaders, the BSE Bankex index serves as a benchmark for investors seeking to analyze trends and growth within the industry. It allows market participants to monitor sector-specific movements, assess opportunities, mitigate risks, and make informed decisions aligned with banking sector performance, future prospects, stability, and overall economic trends.

What are the Benefits of Investing in the BSE Bankex?

Investing in the BSE Bankex provides numerous advantages for individuals seeking exposure to the banking sector. This index comprises top-performing Bankex stocks, offering a focused approach to tracking the financial industry's growth and development. It enables investors to diversify their portfolio by gaining insights into BSE Bankex index companies, which represent the leading players in banking.

The BSE Bankex index is calculated using a free-float market capitalization method, ensuring accurate representation of the banking sector. This makes it easier for investors to monitor market trends and assess sector performance and profitability. Additionally, the inclusion of major Bankex BSE stocks ensures a reliable and transparent benchmark for decision-making.

Investors can also evaluate factors like Bankex share price movements, financial stability, and sectoral growth, helping them make informed decisions. The BSE Bankex index serves as a trusted tool for analyzing market opportunities, identifying risks, and gauging the financial health of the sector.

What is the History of the BSE Bankex?

The BSE Bankex was introduced on June 16, 2003, as a dedicated index to track the performance of banking sector stocks listed on the Bombay Stock Exchange (Bankex BSE). It was developed to highlight the growing importance of the banking sector in India’s economy and its increasing contribution to the equity market.

The BSE Bankex index started with a base value of 1,000 points set on January 1, 2002, and included prominent BSE Bankex index companies based on their market capitalization. Initially, the index comprised 12 key Bankex stocks, representing approximately 90% of the total market capitalization of all banking stocks on the exchange.

Over the years, the BSE Bankex has become an essential tool for investors to analyze the growth, trends, and stability of the banking sector. By monitoring the Bankex index, market participants can make informed decisions and track sector-specific movements effectively.

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Frequently Asked Questions

How to invest in S&P BSE Bankex via Bajaj Broking?

Answer Field

To invest in the S&P BSE Bankex via Bajaj Broking, you need to open a trading account with us. Once your account is set up, you can invest in individual bankex stocks listed in the index or in ETFs that track the bankex index. Monitoring the bankex share price today will help you make informed investment decisions.

What is the objective of S&P BSE Bankex?

Answer Field

The objective of the S&P BSE Bankex is to provide a benchmark that tracks the performance of the leading banking sector companies listed on the BSE. It helps investors gauge the overall health and trends of the banking sector by monitoring the bankex index and bankex stock price.

Is investment in S&P BSE Bankex safe?

Answer Field

Investing in the S&P BSE Bankex involves market risks like any other investment. However, since it includes top-performing and well-established banks, it offers a relatively stable investment option. Regularly tracking the bankex price can help in making informed decisions.

Can you trade shares on S&P BSE Bankex?

Answer Field

Yes, you can trade shares of the companies included in the S&P BSE Bankex. By opening a trading account with a brokerage firm like Bajaj Broking, you can buy and sell bankex stocks. Monitoring the bankex stock price today will help you make timely and informed trading decisions.

When was the BSE Bankex Index launched?

Answer Field

The BSE Bankex index was launched on June 16, 2003. It was introduced with a base value of 1,000 points, calculated from January 1, 2002, and aimed at tracking the performance of the banking sector stocks listed on the Bombay Stock Exchange.

Can I buy BSE Bankex stocks today and sell them tomorrow?

Answer Field

Yes, Bankex stocks can be bought and sold the next day or even within the same day, depending on trading strategies. However, factors such as stock liquidity, market conditions, and brokerage requirements may influence trading outcomes for BSE Bankex participants.

What are BSE Bankex stocks?

Answer Field

BSE Bankex stocks are shares of banking companies included in the BSE Bankex index. These stocks represent the leading players in India’s banking sector, selected based on criteria such as market capitalization, liquidity, and overall financial performance.

Can I trade shares of BSE Bankex?

Answer Field

Yes, trading shares of BSE Bankex index companies is possible through registered stock exchanges. These companies' stocks are listed on the Bombay Stock Exchange, providing opportunities for trading based on market dynamics and banking sector trends.

How can I invest in BSE Bankex stocks?

Answer Field

To invest in BSE Bankex stocks, open a demat and trading account with a broker. Select stocks included in the BSE Bankex index, analyze their performance, and place buy orders during stock exchange trading hours.

What companies are included in the BSE Bankex Index?

Answer Field

The BSE Bankex index includes top-performing BSE Bankex index companies, such as State Bank of India, ICICI Bank, and HDFC Bank. These companies are chosen based on market capitalization, liquidity, and their representation of the banking sector.

Is BSE Bankex a good investment option?

Answer Field

The BSE Bankex index is an attractive option for investors aiming to capitalize on India’s growing banking sector. It provides exposure to top Bankex stocks, reflecting market performance, sector growth, and the stability of major banking companies.

How do BSE Bankex stocks perform compared to other sectors?

Answer Field

The performance of Bankex stocks depends on factors like interest rates and economic growth. Historically, these stocks have outperformed in periods of banking sector expansion and financial stability, but performance may vary compared to other sectors based on economic conditions.

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