The Bank Nifty is an index that represents the performance of the banking sector in the National Stock Exchange of India (NSE). It includes stocks of major banking and financial institutions which is adding weightage to it. The performance of Bank Nifty is influenced by various factors, including the individual stocks that constitute it. As of my last knowledge update in September 2021, here is a list of some key stocks that have a significant impact on the Bank Nifty
List of Stocks that add weightage to the Bank Nifty
- HDFC Bank Limited (HDFCBANK) 29.1%
- ICICI Bank Limited (ICICIBANK) 23.14%
- State Bank Of India (SBIN) 9.83%
- Axis Bank Limited (AXISBANK) 9.98%
- Kotak Mahindra Bank Limited (KOTAKBANK) 9.61%
- IndusInd Bank Limited (INDUSINDBK) 6.25%
- Bandhan Bank Limited (BANDHANBNK) 2.62%
- Federal Bank Limited (FEDERALBNK) 2.32%
- IDFC First Bank Limited (IDFCFIRSTB) 2.02%
- Punjab National Bank (PNB) 1.6%
HDFC Bank Limited (HDFCBANK) 29.1%
Summary: HDFC Bank is one of the largest private sector banks in India. It plays a crucial role in the banking sector and contributes significantly to the Bank Nifty
ICICI Bank Limited (ICICIBANK) 23.14%
Summary: ICICI Bank is another major player in the Indian banking sector. It offers a wide range of financial products and services and is a key component of Bank Nifty.
State Bank of India (SBIN) 9.83%
Summary: State Bank of India is a public sector bank and one ofthe largest banks in India. Being a government-owned bank, its performance has a substantial impact on the Bank Nifty
Axis Bank Limited (AXISBANK) 9.98%
Axis Bank is a private sector bank that contributes to the Bank Nifty. It provides a variety of banking and financial services to its customers
Kotak Mahindra Bank Limited (KOTAKBANK) 9.61%
Kotak Mahindra Bank is a leading private sector bank in India. Its performance is closely watched as it influences the Bank Nifty.
IndusInd Bank Limited (INDUSINDBK) 6.25%
IndusInd Bank is another private sector bank that is part of the Bank Nifty. It is known for its diversified banking and financial services
Bandhan Bank Limited (BANDHANBNK) 2.62%
Bandhan Bank is a commercial bank that has a presence in both urban and rural areas. Its performance is a factor in the overall movement of Bank Nifty
Federal Bank Limited (FEDERALBNK) 2.32%
Federal Bank is a private sector bank that operates across various banking segments. Its performance contributes to the overall performance of Bank Nifty.
IDFC First Bank Limited (IDFCFIRSTB) 2.02%
IDFC First Bank is a private sector bank that offers a range of banking and financial services. Its performance affects the Bank Nifty
Punjab National Bank (PNB) 1.6%
Punjab National Bank is a public sector bank that has a notable impact on the Bank Nifty. It is one of the oldest and largest banks in India.
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It's important to note that the composition of the Bank Nifty index can change over time based on factors such as market capitalization and performance. Investors and traders should stay updated with the latest information on the index constituents. Additionally, the performance of the overall banking sector, economic indicators, and regulatory changes can also influence the Bank Nifty.