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26009

0

BANKNIFTY

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Nifty Bank Overview

Today’s low

Today’s high

₹ 55146.55 ₹ 55540.75
₹ 55493.30

52 week low

52 week high

₹ 47702.90 ₹ 57628.40
₹ 55493.30


 

About Nifty Bank

The Nifty Bank Index is a prominent stock market index that tracks the performance of the banking sector, comprising 12 major banking stocks listed on the National Stock Exchange. Created in 2003, it serves as a critical benchmark reflecting the health and trends of the banking industry. Its significance lies in providing investors and traders a focused view of banking stocks, which are pivotal to the broader market and economy.

Traders use the Nifty Bank index live data and Bank Nifty chart today for short-term trading and hedging through Nifty Bank F&O, while long-term investors often consider Nifty Bank ETF and index funds to gain diversified exposure. The Bank Nifty trading strategy varies from technical analysis to options trading, making it a versatile tool for market participants.

What is Bank Nifty index?

The Nifty Bank Index consists of the top 12 most liquid and large banking stocks listed on the National Stock Exchange. These companies are selected based on strict eligibility criteria, including their presence in the broader Nifty 500 universe, a minimum trading frequency of 90% over the past six months, and participation in the futures and options segment. The final selection and weightage of each stock in the index are determined by free-float market capitalization, which ensures that the index reflects the market value of shares readily available for trading.

This weighting method helps maintain a realistic representation of the banking sector’s performance and liquidity. The index is periodically rebalanced to reflect changes in market conditions and company fundamentals, making it a reliable benchmark for investors and traders alike. This structure supports various uses, from benchmarking fund portfolios to enabling trading strategies involving Nifty Bank F&O and investments through Nifty Bank ETF.

What is the History of the Nifty Bank?

The Nifty Bank index was introduced in 2000, providing a benchmark for tracking the performance of the most prominent Indian banking stocks. Since its inception, the Nifty Bank index has become an essential tool for investors and traders, capturing the movement of 12 large-cap and liquid banking stocks which are listed on the National Stock Exchange (NSE). Over the years, it has reflected the growth and resilience of the Indian banking sector, serving as a critical indicator of economic performance in India. The Nifty Bank continues to evolve, offering insights into the financial health and market position of India’s leading banks.

How Does Bank Nifty Work?

Historical Performance of Nifty Bank

The Nifty Bank Index has delivered the following returns across key timeframes:

Time PeriodNifty Bank Returns
1 Year14.33%
3 Years44.92%
5 Years162.51%
10 Years11.4% CAGR

Source: Screener and Economic Times

Comparative Performance vs Other Indices

The Nifty Bank Index has performed in the following manner compared to the other main indices:

Index1Y Return3Y Return5Y Return
Nifty Bank14.33%44.92%162.51%
Nifty 507.69%36.49%157.39%
Nifty 5006.16%43.22%184.74%

Source: Economic Times

Volatility and Liquidity Metrics

  • 1-Day High/Low Range: ₹54,407.20 – ₹53,084.90
  • 52-Week High/Low Range: ₹54,467.35 – ₹46,077.85
  • Market Capitalisation (Nifty Bank): ₹43,96,889 crore
  • Constituents: 12 large and liquid Indian banking stocks listed on NSE

How to Calculate Nifty Bank Index Value?

The Nifty Bank Index value is calculated using the free-float market capitalization method, which considers only the shares available for public trading. Here’s a detailed explanation and the simplified formula:

Steps to Calculate:

  • Determine Free-float Market Capitalization for Each Stock: Free-float Market Capitalization = Stock Price × Number of Free-float Shares
  • Sum of Free-float Market Capitalization: Calculate the sum of the free-float market capitalization for all constituent stocks in the Nifty Bank Index.
  • Apply the Base Market Capital and Base Index Value: Nifty Bank Index Value = (Sum of Free-float Market Capitalization of all stocks / Base Market Capital) × Base Index Value

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

Example: If the sum of the free-float market capitalization of all constituent stocks is ₹1,000,000 and the base market capital is ₹500,000 with a base index value of 1000, then: Nifty Bank Index Value = (1,000,000 / 500,000) × 1000 = 2000

This calculation ensures the index accurately reflects the market value of its constituent banking stocks based on their free-float market capitalization, providing a precise measure of the banking sector's performance.

Why Should You Pay Attention to Bank Nifty?

This comparison highlights that while Nifty Bank offers opportunities for higher returns and active trading strategies, Nifty 50 provides broader market exposure with more stable growth prospects, catering to different investor profiles and risk appetites.

Investing in Bank Nifty

Investing in the Nifty Bank Index offers exposure to the banking sector through various accessible methods:

  • 1-Day High/Low Range: ₹54,407.20 – ₹53,084.90
  • 52-Week High/Low Range: ₹54,467.35 – ₹46,077.85
  • Market Capitalisation (Nifty Bank): ₹43,96,889 crore
  • Constituents: 12 large and liquid Indian banking stocks listed on NSE

Benefits and Risks of Bank Nifty

FeatureDetails

Expiry Days

Bank Nifty futures and options contracts expire on the last Thursday of the expiry month. If that day is a holiday, expiry shifts to the previous trading day.

Lot Size

The lot size for Bank Nifty contracts has been increased from 15 to 30 units as of November 20, 2024, aligning with regulatory changes to curb speculation.

Margin Requirements

Higher lot sizes mean increased margin requirements. Traders must maintain margins proportional to contract value, with additional Extreme Loss Margin (ELM) of 2% on expiry day.

Popular Strategies

Commonly used strategies include Straddle, Strangle, and Bull Call Spread, which help traders capitalize on volatility and directional moves.

Tools for Traders

Brokers provide F&O tools and margin calculators to help traders estimate margin needs and plan trades effectively.

These details are crucial for traders to understand the commitments and risks involved in Bank Nifty trading, enabling informed decision-making aligned with current market regulations and trading conditions.

Tips for Investing in Bank Nifty

The table below compares Nifty Bank and Nifty 50 across key investment dimensions such as risk-reward tradeoff, sector exposure, diversification, and volatility patterns.

AspectNifty BankNifty 50

Risk-Reward Tradeoff

Offers higher returns in bullish phases but comes with increased volatility and sharper corrections during downturns. Average annual returns have ranged around 15-18% over the past decade.

Provides steadier returns with lower volatility, averaging 12-15% annually over the last 10 years, making it more suitable for conservative, long-term investors.

Sector Exposure and Diversification

Concentrated exposure to 12 large banking stocks, making it sensitive to sector-specific risks and regulatory changes.

Diversified across 50 companies spanning multiple sectors such as IT, FMCG, energy, and banking, reducing sector-specific risks.

Short-term Volatility vs Long-term Growth

Exhibits higher short-term volatility due to sensitivity to interest rates, credit growth, and monetary policies, favored by traders for active strategies including Nifty Bank F&O.

Exhibits relatively lower volatility, making it more suitable for long-term growth and passive investment strategies like Nifty Bank ETF and index funds.

Nifty Bank Scrip Selection Criteria

The Nifty Bank index is composed of 12 large-cap and liquid banking stocks that are selected based on specific criteria. For a bank to be included in the Nifty Bank, it must have a substantial market capitalization, high liquidity, and must be among the top traded banking stocks on the National Stock Exchange (NSE). The selection process ensures that the Nifty Bank remains representative of the overall health of the Indian banking sector, capturing both the performance and stability of major financial institutions.

Wrapping Up

This final section reiterates the key highlights of Bank Nifty as a critical benchmark for the Indian banking sector and a valuable tool for both active traders and long-term investors seeking exposure to India’s banking industry.

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All Indices

  • NSE
  • BSE
NAME PRICE CHANGE CHANGE% PREVIOUS CLOSE
Nifty 50
25330.25
arrowup arrowndown
91.15 0.36% 25239.10 forward-arrow
Nifty Bank
55493.30
arrowup arrowndown
345.70 0.63% 55147.60 forward-arrow
Nifty 100
25990.45
arrowup arrowndown
86.90 0.34% 25903.55 forward-arrow
Nifty 200
14148.80
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41.25 0.29% 14107.55 forward-arrow
Nifty Fin Service
26563.55
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68.25 0.26% 26495.30 forward-arrow
MIDCPNIFTY
16597.90
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780.55 4.93% 15817.35 forward-arrow
Nifty 500
23445.20
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75.90 0.32% 23369.30 forward-arrow
NIFTY Alpha 50
52007.70
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274.35 0.53% 51733.35 forward-arrow
Nifty Auto
27294.65
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148.25 0.55% 27146.40 forward-arrow
Nifty CPSE
6513.80
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48.15 0.74% 6465.65 forward-arrow
Nifty Energy
35568.05
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126.95 0.36% 35441.10 forward-arrow
Nifty GS 4 8Yr
3182.85
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0.00 0.00% 3182.85 forward-arrow
Nifty GS 8 13Yr
2939.79
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-0.06 0.00% 2939.85 forward-arrow
NIFTY INDIA MFG
15194.30
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51.85 0.34% 15142.45 forward-arrow
Nifty Infra
9224.25
arrowup arrowndown
33.60 0.37% 9190.65 forward-arrow
Nifty IT
36447.15
arrowup arrowndown
235.00 0.65% 36212.15 forward-arrow
Nifty Media
1632.50
arrowup arrowndown
4.85 0.30% 1627.65 forward-arrow
Nifty Metal
9923.15
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-50.30 -0.50% 9973.45 forward-arrow
Nifty Midcap 50
16597.90
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-2.55 -0.02% 16600.45 forward-arrow
Nifty MNC
30535.30
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36.15 0.12% 30499.15 forward-arrow
Nifty Next 50
69147.10
arrowup arrowndown
146.35 0.21% 69000.75 forward-arrow
Nifty Pharma
22241.35
arrowup arrowndown
-23.20 -0.10% 22264.55 forward-arrow
Nifty PSE
9844.45
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72.05 0.74% 9772.40 forward-arrow
Nifty PSU Bank
7315.90
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186.25 2.61% 7129.65 forward-arrow
Nifty Pvt Bank
27028.20
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100.35 0.37% 26927.85 forward-arrow
Nifty Realty
919.10
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3.75 0.41% 915.35 forward-arrow
NIFTY SMLCAP 50
8848.45
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70.85 0.81% 8777.60 forward-arrow
NIFTY TOTAL MKT
13199.00
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44.30 0.34% 13154.70 forward-arrow
Nifty GS 10Yr
2601.75
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-0.13 0.00% 2601.88 forward-arrow
Nifty FMCG
56321.00
arrowup arrowndown
-77.65 -0.14% 56398.65 forward-arrow
Nifty Commodities
9001.40
arrowup arrowndown
14.90 0.17% 8986.50 forward-arrow
NIFTY CONSR DURBL
39554.75
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-118.05 -0.30% 39672.80 forward-arrow
Nifty FinSrv25 50
28671.65
arrowup arrowndown
23.70 0.08% 28647.95 forward-arrow
Nifty GrowSect 15
12116.20
arrowup arrowndown
38.15 0.32% 12078.05 forward-arrow
Nifty GS 10Yr Cln
904.57
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-0.05 -0.01% 904.62 forward-arrow
Nifty GS 11 15Yr
3223.81
arrowup arrowndown
3.95 0.12% 3219.86 forward-arrow
Nifty GS 15YrPlus
3457.25
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-0.44 -0.01% 3457.69 forward-arrow
Nifty GS Compsite
3023.27
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-0.02 0.00% 3023.29 forward-arrow
NIFTY HEALTHCARE
14659.55
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-15.40 -0.10% 14674.95 forward-arrow
NIFTY IND DIGITAL
9230.40
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18.55 0.20% 9211.85 forward-arrow
NIFTY LARGEMID250
16465.60
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42.55 0.26% 16423.05 forward-arrow
NIFTY M150 QLTY50
24935.95
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76.40 0.31% 24859.55 forward-arrow
NIFTY MICROCAP250
24230.45
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153.30 0.64% 24077.15 forward-arrow
Nifty Mid Liq 15
15574.55
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26.60 0.17% 15547.95 forward-arrow
NIFTY MID SELECT
13151.90
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5.35 0.04% 13146.55 forward-arrow
NIFTY MIDCAP 100
58848.55
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49.00 0.08% 58799.55 forward-arrow
NIFTY MIDCAP 150
21831.05
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39.90 0.18% 21791.15 forward-arrow
NIFTY MIDSML 400
20277.15
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60.35 0.30% 20216.80 forward-arrow
NIFTY OIL AND GAS
11290.55
arrowup arrowndown
70.80 0.63% 11219.75 forward-arrow
Nifty Serv Sector
32851.95
arrowup arrowndown
104.25 0.32% 32747.70 forward-arrow
NIFTY SMLCAP 100
18423.20
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124.85 0.68% 18298.35 forward-arrow
NIFTY SMLCAP 250
17470.75
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88.55 0.51% 17382.20 forward-arrow
NIFTY100 EQL Wgt
33559.00
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97.35 0.29% 33461.65 forward-arrow
NIFTY100 LowVol30
20658.20
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15.60 0.08% 20642.60 forward-arrow
NIFTY100 Qualty30
5780.65
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16.00 0.28% 5764.65 forward-arrow
Nifty100ESGSecLdr
4260.10
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12.10 0.28% 4248.00 forward-arrow
Nifty200Momentm30
30947.45
arrowup arrowndown
1194.75 4.02% 29752.70 forward-arrow
Nifty50 Div Point
210.91
arrowup arrowndown
4.58 2.22% 206.33 forward-arrow
Nifty50 PR 1x Inv
203.55
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-6.30 -3.00% 209.85 forward-arrow
Nifty50 PR 2x Lev
14052.30
arrowup arrowndown
-5616.90 -28.56% 19669.20 forward-arrow
Nifty50 TR 1x Inv
166.75
arrowup arrowndown
-5.25 -3.05% 172.00 forward-arrow
Nifty50 TR 2x Lev
20965.15
arrowup arrowndown
1295.95 6.59% 19669.20 forward-arrow
Nifty50 Value 20
12900.60
arrowup arrowndown
390.60 3.12% 12510.00 forward-arrow
NIFTY500 MULTICAP
16366.65
arrowup arrowndown
681.45 4.34% 15685.20 forward-arrow
NAME PRICE CHANGE CHANGE% PREVIOUS CLOSE
SENSEX
82693.71
313.02 0.38% 82380.69 forward-arrow
BSE100
26556.48
84.87 0.32% 26471.61 forward-arrow
SNSX50
26439.00
96.45 0.37% 26342.55 forward-arrow
BSE200
11503.08
33.96 0.30% 11469.12 forward-arrow
BSE500
36813.13
115.74 0.32% 36697.39 forward-arrow
BSE CG
71414.69
676.50 0.96% 70738.19 forward-arrow
BSE CD
61474.33
-101.24 -0.16% 61575.57 forward-arrow
BSEPSU
19721.15
246.58 1.27% 19474.57 forward-arrow
TECK
17579.20
83.11 0.48% 17496.09 forward-arrow
BANKEX
62427.39
-39.19 -0.06% 62466.58 forward-arrow
AUTO
60948.99
324.62 0.54% 60624.37 forward-arrow
METAL
32895.77
-161.52 -0.49% 33057.29 forward-arrow
OILGAS
26630.82
181.19 0.69% 26449.63 forward-arrow
DOL30
7735.71
56.96 0.74% 7678.75 forward-arrow
DOL100
3130.29
21.22 0.68% 3109.07 forward-arrow
DOL200
2182.16
14.28 0.66% 2167.88 forward-arrow
REALTY
7136.05
26.05 0.37% 7110.00 forward-arrow
POWER
6774.03
-6.70 -0.10% 6780.73 forward-arrow
BSEIPO
16854.12
57.91 0.34% 16796.21 forward-arrow
GREENX
7827.50
0.00 0.00% 7827.50 forward-arrow
CARBON
4344.48
0.00 0.00% 4344.48 forward-arrow
SMEIPO
106846.51
510.29 0.48% 106336.22 forward-arrow
INFRA
593.03
0.87 0.15% 592.16 forward-arrow
CPSE
3848.24
26.92 0.70% 3821.32 forward-arrow
MIDCAP
46742.02
86.43 0.19% 46655.59 forward-arrow
SMLCAP
54537.03
276.99 0.51% 54260.04 forward-arrow
BSEFMC
20746.39
-33.26 -0.16% 20779.65 forward-arrow
BSE HC
44738.73
-37.44 -0.08% 44776.17 forward-arrow
BSE IT
35789.15
255.43 0.72% 35533.72 forward-arrow
MFG
1066.44
3.91 0.37% 1062.53 forward-arrow
ALLCAP
10471.31
0.00 0.00% 10471.31 forward-arrow
COMDTY
7997.53
23.64 0.30% 7973.89 forward-arrow
CONDIS
10274.11
38.92 0.38% 10235.19 forward-arrow
ENERGY
11476.66
75.34 0.66% 11401.32 forward-arrow
FINSER
12594.04
41.06 0.33% 12552.98 forward-arrow
INDSTR
15158.99
112.57 0.75% 15046.42 forward-arrow
LRGCAP
9766.10
31.23 0.32% 9734.87 forward-arrow
MIDSEL
17003.78
30.72 0.18% 16973.06 forward-arrow
SMLSEL
8199.23
36.72 0.45% 8162.51 forward-arrow
TELCOM
2903.44
-12.34 -0.42% 2915.78 forward-arrow
UTILS
5319.20
-17.75 -0.33% 5336.95 forward-arrow
BHRT22
8599.52
40.03 0.47% 8559.49 forward-arrow
ESG100
424.15
1.42 0.34% 422.73 forward-arrow
MID150
16330.34
32.23 0.20% 16298.11 forward-arrow
SML250
6988.54
32.27 0.46% 6956.27 forward-arrow
LMI250
10932.34
32.55 0.30% 10899.79 forward-arrow
MSL400
12291.60
35.80 0.29% 12255.80 forward-arrow
BSEDSI
1008.71
2.77 0.28% 1005.94 forward-arrow
BSEEVI
948.04
8.93 0.95% 939.11 forward-arrow
BSELVI
1853.60
0.72 0.04% 1852.88 forward-arrow
BSEMOI
2277.68
5.02 0.22% 2272.66 forward-arrow
BSEQUI
1877.05
7.40 0.40% 1869.65 forward-arrow
DFRGRI
1625.26
-0.16 -0.01% 1625.42 forward-arrow
LCTMCI
9361.86
30.30 0.32% 9331.56 forward-arrow
BSEPBI
19636.66
31.66 0.16% 19605.00 forward-arrow

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