BAJAJ BROKING

Notification close image
No new Notification messages
card image
Amanta Healthcare Ltd IPO
Apply for the Amanta Healthcare Ltd IPO through UPI in Just minutes
delete image
card image
Start your SIP with just ₹100
Choose from 4,000+ Mutual Funds on Bajaj Broking
delete image
card image
Open a Free Demat Account
Pay ZERO maintenance charges for the first year, get free stock picks daily, and more.
delete image
card image
Trade Now, Pay Later with up to 4x
Never miss a good trading opportunity due to low funds with our MTF feature.
delete image
card image
Track Market Movers Instantly
Stay updated with real-time data. Get insights at your fingertips.
delete image

26009

0

BANKNIFTY

img img img img
No Data Available

Experience smart and hassle-free investing in minutes with Bajaj Broking! *T&C apply

Nifty Bank Overview

Today’s low

Today’s high

₹ 53658.15 ₹ 54035.85
₹ 53852.90

52 week low

52 week high

₹ 47702.90 ₹ 57628.40
₹ 53852.90


 

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.

stock

Trade stocks with ease

Sign-in to trade with your demat account, or set up a new demat account for free

All Indices

  • NSE
  • BSE
NAME PRICE CHANGE CHANGE% PREVIOUS CLOSE
Nifty 50
24625.05
arrowup arrowndown
198.20 0.81% 24426.85 forward-arrow
Nifty Bank
54002.45
arrowup arrowndown
346.80 0.65% 53655.65 forward-arrow
Nifty 100
25231.20
arrowup arrowndown
228.15 0.91% 25003.05 forward-arrow
Nifty 200
13723.05
arrowup arrowndown
147.95 1.09% 13575.10 forward-arrow
Nifty Fin Service
25743.50
arrowup arrowndown
175.80 0.69% 25567.70 forward-arrow
MIDCPNIFTY
15714.75
arrowup arrowndown
-102.60 -0.65% 15817.35 forward-arrow
Nifty 500
22713.55
arrowup arrowndown
250.60 1.12% 22462.95 forward-arrow
NIFTY Alpha 50
50145.10
arrowup arrowndown
1078.85 2.20% 49066.25 forward-arrow
Nifty Auto
25660.00
arrowup arrowndown
699.15 2.80% 24960.85 forward-arrow
Nifty CPSE
6232.45
arrowup arrowndown
90.45 1.47% 6142.00 forward-arrow
Nifty Energy
34155.30
arrowup arrowndown
516.65 1.54% 33638.65 forward-arrow
Nifty GS 4 8Yr
3151.61
arrowup arrowndown
0.40 0.01% 3151.21 forward-arrow
Nifty GS 8 13Yr
2907.40
arrowup arrowndown
-1.41 -0.05% 2908.81 forward-arrow
NIFTY INDIA MFG
14484.20
arrowup arrowndown
247.35 1.74% 14236.85 forward-arrow
Nifty Infra
8947.00
arrowup arrowndown
73.90 0.83% 8873.10 forward-arrow
Nifty IT
35740.65
arrowup arrowndown
559.40 1.59% 35181.25 forward-arrow
Nifty Media
1606.85
arrowup arrowndown
-5.15 -0.32% 1612.00 forward-arrow
Nifty Metal
9305.30
arrowup arrowndown
150.50 1.64% 9154.80 forward-arrow
Nifty Midcap 50
16033.55
arrowup arrowndown
318.80 2.03% 15714.75 forward-arrow
Nifty MNC
29608.45
arrowup arrowndown
270.90 0.92% 29337.55 forward-arrow
Nifty Next 50
66670.15
arrowup arrowndown
924.40 1.41% 65745.75 forward-arrow
Nifty Pharma
21778.85
arrowup arrowndown
-25.20 -0.12% 21804.05 forward-arrow
Nifty PSE
9366.40
arrowup arrowndown
163.95 1.78% 9202.45 forward-arrow
Nifty PSU Bank
6830.95
arrowup arrowndown
74.90 1.11% 6756.05 forward-arrow
Nifty Pvt Bank
26272.45
arrowup arrowndown
214.25 0.82% 26058.20 forward-arrow
Nifty Realty
879.80
arrowup arrowndown
9.05 1.04% 870.75 forward-arrow
NIFTY SMLCAP 50
8414.65
arrowup arrowndown
153.10 1.85% 8261.55 forward-arrow
NIFTY TOTAL MKT
12783.30
arrowup arrowndown
141.85 1.12% 12641.45 forward-arrow
Nifty GS 10Yr
2573.85
arrowup arrowndown
0.96 0.04% 2572.89 forward-arrow
Nifty FMCG
56175.20
arrowup arrowndown
33.35 0.06% 56141.85 forward-arrow
Nifty Commodities
8693.70
arrowup arrowndown
121.90 1.42% 8571.80 forward-arrow
NIFTY CONSR DURBL
39393.95
arrowup arrowndown
803.00 2.08% 38590.95 forward-arrow
Nifty FinSrv25 50
27745.65
arrowup arrowndown
269.30 0.98% 27476.35 forward-arrow
Nifty GrowSect 15
11791.75
arrowup arrowndown
156.90 1.35% 11634.85 forward-arrow
Nifty GS 10Yr Cln
897.22
arrowup arrowndown
0.18 0.02% 897.04 forward-arrow
Nifty GS 11 15Yr
3167.20
arrowup arrowndown
-0.11 0.00% 3167.31 forward-arrow
Nifty GS 15YrPlus
3387.97
arrowup arrowndown
-3.11 -0.09% 3391.08 forward-arrow
Nifty GS Compsite
2983.89
arrowup arrowndown
-1.41 -0.05% 2985.30 forward-arrow
NIFTY HEALTHCARE
14390.05
arrowup arrowndown
39.75 0.28% 14350.30 forward-arrow
NIFTY IND DIGITAL
9011.35
arrowup arrowndown
148.50 1.68% 8862.85 forward-arrow
NIFTY LARGEMID250
15953.85
arrowup arrowndown
208.70 1.33% 15745.15 forward-arrow
NIFTY M150 QLTY50
24121.15
arrowup arrowndown
474.95 2.01% 23646.20 forward-arrow
NIFTY MICROCAP250
23291.40
arrowup arrowndown
294.40 1.28% 22997.00 forward-arrow
Nifty Mid Liq 15
14979.20
arrowup arrowndown
314.45 2.14% 14664.75 forward-arrow
NIFTY MID SELECT
12715.70
arrowup arrowndown
265.50 2.13% 12450.20 forward-arrow
NIFTY MIDCAP 100
56825.50
arrowup arrowndown
1098.10 1.97% 55727.40 forward-arrow
NIFTY MIDCAP 150
21111.85
arrowup arrowndown
361.55 1.74% 20750.30 forward-arrow
NIFTY MIDSML 400
19544.60
arrowup arrowndown
312.30 1.62% 19232.30 forward-arrow
NIFTY OIL AND GAS
10935.35
arrowup arrowndown
145.60 1.35% 10789.75 forward-arrow
Nifty Serv Sector
32046.90
arrowup arrowndown
275.55 0.87% 31771.35 forward-arrow
NIFTY SMLCAP 100
17498.10
arrowup arrowndown
271.10 1.57% 17227.00 forward-arrow
NIFTY SMLCAP 250
16738.35
arrowup arrowndown
232.20 1.41% 16506.15 forward-arrow
NIFTY100 EQL Wgt
32471.50
arrowup arrowndown
436.65 1.36% 32034.85 forward-arrow
NIFTY100 LowVol30
20411.55
arrowup arrowndown
162.75 0.80% 20248.80 forward-arrow
NIFTY100 Qualty30
5650.10
arrowup arrowndown
69.10 1.24% 5581.00 forward-arrow
Nifty100ESGSecLdr
4150.30
arrowup arrowndown
41.05 1.00% 4109.25 forward-arrow
Nifty200Momentm30
29981.60
arrowup arrowndown
228.90 0.77% 29752.70 forward-arrow
Nifty50 Div Point
206.33
arrowup arrowndown
0.00 0.00% 206.33 forward-arrow
Nifty50 PR 1x Inv
208.90
arrowup arrowndown
-0.95 -0.45% 209.85 forward-arrow
Nifty50 PR 2x Lev
13313.90
arrowup arrowndown
-6355.30 -32.31% 19669.20 forward-arrow
Nifty50 TR 1x Inv
171.20
arrowup arrowndown
-0.80 -0.47% 172.00 forward-arrow
Nifty50 TR 2x Lev
19856.20
arrowup arrowndown
187.00 0.95% 19669.20 forward-arrow
Nifty50 Value 20
12583.35
arrowup arrowndown
73.35 0.59% 12510.00 forward-arrow
NIFTY500 MULTICAP
15767.60
arrowup arrowndown
82.40 0.53% 15685.20 forward-arrow
NAME PRICE CHANGE CHANGE% PREVIOUS CLOSE
SENSEX
80364.49
-35.20 -0.04% 80399.69 forward-arrow
BSE100
25803.52
246.76 0.97% 25556.76 forward-arrow
SNSX50
25682.76
204.44 0.80% 25478.32 forward-arrow
BSE200
11164.06
115.55 1.05% 11048.51 forward-arrow
BSE500
35679.52
391.81 1.11% 35287.71 forward-arrow
BSE CG
66677.09
1260.01 1.93% 65417.08 forward-arrow
BSE CD
61890.36
1252.19 2.07% 60638.17 forward-arrow
BSEPSU
18610.55
291.10 1.59% 18319.45 forward-arrow
TECK
17230.56
216.03 1.27% 17014.53 forward-arrow
BANKEX
60433.86
0.75 0.00% 60433.11 forward-arrow
AUTO
57457.50
1497.65 2.68% 55959.85 forward-arrow
METAL
30898.64
510.15 1.68% 30388.49 forward-arrow
OILGAS
25949.17
409.17 1.60% 25540.00 forward-arrow
DOL30
7482.43
57.24 0.77% 7425.19 forward-arrow
DOL100
3027.22
31.21 1.04% 2996.01 forward-arrow
DOL200
2107.88
23.41 1.12% 2084.47 forward-arrow
REALTY
6834.00
69.32 1.02% 6764.68 forward-arrow
POWER
6508.11
115.36 1.80% 6392.75 forward-arrow
BSEIPO
16161.89
165.46 1.03% 15996.43 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
107515.14
924.25 0.87% 106590.89 forward-arrow
INFRA
569.92
8.94 1.59% 560.98 forward-arrow
CPSE
3637.07
64.68 1.81% 3572.39 forward-arrow
MIDCAP
45373.66
731.35 1.64% 44642.31 forward-arrow
SMLCAP
52216.64
0.00 0.00% 52216.64 forward-arrow
BSEFMC
20632.11
21.47 0.10% 20610.64 forward-arrow
BSE HC
43779.56
156.86 0.36% 43622.70 forward-arrow
BSE IT
34995.75
558.43 1.62% 34437.32 forward-arrow
MFG
1033.42
9.20 0.90% 1024.22 forward-arrow
ALLCAP
10471.31
0.00 0.00% 10471.31 forward-arrow
COMDTY
7744.20
111.20 1.46% 7633.00 forward-arrow
CONDIS
9932.89
194.99 2.00% 9737.90 forward-arrow
ENERGY
11075.31
131.52 1.20% 10943.79 forward-arrow
FINSER
12192.26
105.33 0.87% 12086.93 forward-arrow
INDSTR
14369.45
0.00 0.00% 14369.45 forward-arrow
LRGCAP
9481.44
86.81 0.92% 9394.63 forward-arrow
MIDSEL
16492.11
327.84 2.03% 16164.27 forward-arrow
SMLSEL
7807.56
149.16 1.95% 7658.40 forward-arrow
TELCOM
2789.00
10.20 0.37% 2778.80 forward-arrow
UTILS
5140.69
74.69 1.47% 5066.00 forward-arrow
BHRT22
8269.06
76.01 0.93% 8193.05 forward-arrow
ESG100
412.16
3.87 0.95% 408.29 forward-arrow
MID150
15799.05
273.87 1.76% 15525.18 forward-arrow
SML250
6707.91
0.00 0.00% 6707.91 forward-arrow
LMI250
10607.24
113.39 1.08% 10493.85 forward-arrow
MSL400
11858.43
0.00 0.00% 11858.43 forward-arrow
BSEDSI
980.47
12.90 1.33% 967.57 forward-arrow
BSEEVI
909.98
16.44 1.84% 893.54 forward-arrow
BSELVI
1826.88
0.00 0.00% 1826.88 forward-arrow
BSEMOI
2194.83
32.14 1.49% 2162.69 forward-arrow
BSEQUI
1818.74
31.82 1.78% 1786.92 forward-arrow
DFRGRI
1574.70
20.55 1.32% 1554.15 forward-arrow
LCTMCI
9090.20
81.68 0.91% 9008.52 forward-arrow
BSEPBI
19242.37
128.16 0.67% 19114.21 forward-arrow

News

Left Arrow
Right Arrow

Transparent Pricing, 360° Services

Choose a plan that best suits your goals & needs.

greenshadow greenshadow redshadow pricing-pack Freedom Pack
₹20/order 14.99% p.a. MTF
tick Expert Stock Research tick Online Customer Support

Subscription Charge : FREE

greenshadow greenshadow redshadow pricing-pack

Professional Pack

₹10/order 11.99% p.a. MTF
tick Expert Stock Research tick Online Customer Support

Subscription Charge : 2500 Yearly

50% Brokerage Savings
greenshadow greenshadow redshadow pricing-pack

Signature

0.2% 11.99% p.a. MTF
tick Dedicated Relationship Manager tick Customised Brokerage Support tick Expert Stock Research tick Experienced Dealer Support
close-image

Authorise with OTP

Enter the 4-Digit OTP sent to
edit
OTP expires in 00:59
close-image

Get Free Demat Account*

+91
banner-icon

Open Your Free Demat Account

Enjoy low brokerage on delivery trades

+91

|

Please Enter Mobile Number

Open Your Free Demat Account

Enjoy low brokerage on delivery trades

+91

|