Understanding the Quantity and Performance of Bank Nifty Index
The quantity or value of the Bank Nifty index is not fixed and can fluctuate based on market dynamics. Bank Nifty is an important index that tracks the performance of the banking sector in the Indian stock market. Unlike physical commodities, the 'quantity' of Bank Nifty refers to the number of lots that can be traded, with each lot consisting of 15 shares.
Overview of Bank Nifty
Bank Nifty is a crucial index for traders and investors, representing the overall health and performance of the banking sector in the Indian stock market. The index is calculated based on the market capitalization of its constituents, providing a comprehensive view of the banking sector's performance. To stay updated with the latest data, it is recommended to check financial news websites, stock market apps, or your trading platform.
Key Components of Bank Nifty
Bank Nifty consists of 15 shares per lot, which is a standard trading unit. Below, we provide a detailed overview of the major banks contributing to the index, including their market capitalization, free float, free float market cap, stock weightage, current market price, and recent performance metrics. These banks are:
HDFC Bank ICICI Bank Kotak Mahindra Bank Axis Bank State Bank of India IndusInd Bank AU Small Finance Bank Bank of Baroda IDFC First Bank Federal Bank Bandhan Bank Punjab National BankHDFC Bank
Market Capitalization: 12.65 Trillions
Free Float: 74.48
Free Float Market Cap: 9.42 Trillions
Stock Weightage: 35.26
Share Price (Current Market Price CMP): 1678.35
Performance: 1 Month: 4.63%, 6 Months: 2.51%, 1 Year: 24.55%
ICICI Bank
Market Capitalization: 6.77 Trillions
Free Float: 99.99
Free Float Market Cap: 6.77 Trillions
Stock Weightage: 25.33
Share Price (Current Market Price CMP): 972.05
Performance: 1 Month: 5.30%, 6 Months: 11.79%, 1 Year: 25.91%
Kotak Mahindra Bank
Market Capitalization: 3.77 Trillions
Free Float: 74.03
Free Float Market Cap: 2.79 Trillions
Stock Weightage: 10.45
Share Price (Current Market Price CMP): 1898.65
Performance: 1 Month: 4.06%, 6 Months: 5.53%, 1 Year: 2.87%
Axis Bank
Market Capitalization: 2.97 Trillions
Free Float: 91.85
Free Float Market Cap: 2.73 Trillions
Stock Weightage: 10.21
Share Price (Current Market Price CMP): 964.60
Performance: 1 Month: -0.11%, 6 Months: 4.39%, 1 Year: 40.92%
State Bank of India
Market Capitalization: 5.36 Trillions
Free Float: 42.52
Free Float Market Cap: 2.28 Trillions
Stock Weightage: 8.53
Share Price (Current Market Price CMP): 602.00
Performance: 1 Month: 5.83%, 6 Months: 1.78%, 1 Year: 22.78%
IndusInd Bank
Market Capitalization: 1.17 Trillions
Free Float: 83.52
Free Float Market Cap: 975.58 Billion
Stock Weightage: 3.65
Share Price (Current Market Price CMP): 1396.55
Performance: 1 Month: 7.31%, 6 Months: 14.19%, 1 Year: 64.10%
AU Small Finance Bank
Market Capitalization: 512.00 Billion
Free Float: 74.45
Free Float Market Cap: 381.18 Billion
Stock Weightage: 1.43
Share Price (Current Market Price CMP): 768.40
Performance: 1 Month: -0.48%, 6 Months: 22.07%, 1 Year: 37.89%
Bank of Baroda
Market Capitalization: 1.04 Trillions
Free Float: 36.03
Free Float Market Cap: 375.44 Billion
Stock Weightage: 1.40
Share Price (Current Market Price CMP): 201.60
Performance: 1 Month: 4.05%, 6 Months: 13.10%, 1 Year: 86.67%
IDFC First Bank
Market Capitalization: 541.79 Billion
Free Float: 60.03
Free Float Market Cap: 325.23 Billion
Stock Weightage: 1.22
Share Price (Current Market Price CMP): 81.80
Performance: 1 Month: 0.62%, 6 Months: 37.94%, 1 Year: 135.06%
Federal Bank
Market Capitalization: 280.87 Billion
Free Float: 100.00
Free Float Market Cap: 280.87 Billion
Stock Weightage: 1.05
Share Price (Current Market Price CMP): 132.50
Performance: 1 Month: 7.64%, 6 Months: -3.07%, 1 Year: 28.64%
Bandhan Bank
Market Capitalization: 347.63 Billion
Free Float: 60.01
Free Float Market Cap: 208.61 Billion
Stock Weightage: 0.78
Share Price (Current Market Price CMP): 215.50
Performance: 1 Month: -13.73%, 6 Months: -10.17%, 1 Year: -23.25%
Punjab National Bank
Market Capitalization: 686.54 Billion
Free Float: 26.85
Free Float Market Cap: 184.34 Billion
Stock Weightage: 0.69
Share Price (Current Market Price CMP): 62.55
Performance: 1 Month: 20.40%, 6 Months: 10.22%, 1 Year: 99.52%
By understanding the quantity and performance of these key components of Bank Nifty, you can make more informed investment decisions. The market capitalization and free float market cap provide insights into the size and liquidity of each bank, while the stock weightage reflects the influence of each bank on the overall index. Regularly monitoring the performance of these metrics can help you navigate the dynamic environment of the Indian stock market.
For up-to-date and detailed information on Bank Nifty, please refer to reputable financial sources, including financial news websites, stock market apps, and your trading platform.