Bank Nifty Stocks

Nifty Bank / Banknifty Index Stocks Companies Weightage List 2021

What is Bank Nifty Index?

Nifty Bank index is weighted index of Indian banking stock companies that are largely capitalized and fairly liquid.

It’s a portfolio of 12 Indian banking companies that shows the performance of included banks. Bank Nifty index includes both Private Sector banks and Public Sector banks.

Bank Nifty index is also known as “Nifty Bank”. In the year 2000, India Index Service and Product Limited (IISL) launched the index. 1st January, 2000 is the base date of the index with having base value of 1000 points.

The index was made to help the investors and other intermediaries to make better decisions by showing the benchmark of Indian capital market economy by showing their performance.

Computation & Trading in Bank Nifty Index

Nifty Bank is computed by free-float capitalization method.

Nifty Bank is traded frequently in both future and options market. It is highly liquid due to it’s high weightage in Nifty Index. It has a positive relation with Nifty Index.

For trading purpose, the current lot size of Nifty Bank is 25 units.

It was the first ever index that was traded weekly in the options market and now it has higher trading volume than nifty index.

Stock Selection in Bank Nifty Index

There are some criteria for selection of banking stocks in Bank Nifty index set up by NSE.

  • Market Capitalization Rank

The selected bank should have market capitalization rank should be less than 500 in the universe.

  • Turnover Rank

The selected bank should have turnover rank should be less than 500 in the universe.

  • Trading Frequency

In the last six months, the trading frequency of the selected bank should be minimum 90%.

  • Net Worth

Net worth of the selected bank should be positive.

  • Listing History

The selected bank should have 6 months listing history in the stock exchange except in the case where the bank is coming with an IPO, and then it should have 3 months listing history.

  • Futures & Options Segment

A bank company will be included in the bank nifty index only if it is traded in F&O (Futures & Options Segment).

  • Free-Float Capitalization

Final Selection of 12 companies that will be included on the basis of free-float market capitalization method.

  • Weightage

Each banking stock will have their weights in the index. No single bank shall have more than 34% share.

Further, weightage of top 3 banks combined should not be more than 63% while re-balancing.

  • Re-Balancing

Nifty Bank index is re-balanced on half yearly basis on 1st January and 1st July.

Average data is considered for 6 months for re-balancing. Four weeks prior notice is informed to the market after such change.

  • Governance

Nifty Bank index is governed by three-tier teams.

  1. Board of Directors of NSE Indices Limited.
  2. The Index Advisory Committee (Equity).
  3. The Index Maintenance Sub-committee.

Nifty Bank / Banknifty Index Stocks Companies Weightage List 2021

Below is the list of Companies that are included in Nifty Bank / Banknifty Stock Companies Weightage 2021 List (Nifty Bank Index Stocks) as released by NSE India on basis of closing prices of August 31, 2021.

  1. HDFC Bank – 30.18%
  2. ICICI Bank – 22.06%
  3. Axis Bank – 11.87%
  4. Kotak Mahindra Bank – 11.40%
  5. State Bank of India (SBI) – 10.61%
  6. IndusInd Bank – 5.53%
  7. AU Small Finance Bank Ltd. – 2.29%
  8. Bandhan Bank – 1.78%
  9. Federal Bank – 1.50%
  10. IDFC First Bank Ltd. – 1.06%
  11. Punjab National Bank (PNB)- 1.01%
  12. RBL Bank – 0.71%

HDFC Bank has the highest weightage having 30.18% weightage in Nifty Bank Index Stocks Companies List, whereas ICICI Bank remains at second having 22.06% weightage & Axis Bank is on third position having 11.87% in Banknifty Companies Index List.

HDFC Bank, ICICI Bank & State Bank of India are also called bank nifty heavy weights stocks.

RBL Bank has the least weightage in Bank Nifty Weightage Index with 0.71%.

Bank of Baroda (BOB) has been expelled and AU Small Finance Bank Ltd. has been included as per weightage re-balancing done on 31st March 2021.

There was exclusion of Yes Bank in the Bank Nifty Index on March 19, 2020. Bandhan Bank has been included in Bank Nifty Shares List.

Banknifty Current Index Price

NameNIFTY BANK
Last Price₹ 37,668.60
Change₹ 816.35
Change %2.22%

Banknifty Live Chart

Note: – Prices are delayed by 15 minutes.

Banknifty Lot Size

As per the notification issued by National Stock Exchange India Ltd, Bank Nifty Lot Size for futures & Options Contract has been revised to 25 units.

Banknifty Index Stocks Live Prices

Nifty Bank Index Stocks Live Prices
StockPriceChangeChange %Chart (24H)OpenHighLowCloseVolume52 Week RangeEPSMarketcap
HDFCBANK.NS
HDFC BANK
HDFCBANK.NS
₹ 1,559.95₹ 13.150.85%
₹ 1,537.75₹ 1,564.30₹ 1,536.30₹ 1,546.805,128,147
59.298 8.64T
ICICIBANK.NS
ICICI BANK
ICICIBANK.NS
₹ 727.20₹ 12.851.80%
₹ 720.00₹ 729.40₹ 712.85₹ 714.3513,547,488
28.673 5.04T
KOTAKBANK.NS
KOTAK MAHINDRA BAN
KOTAKBANK.NS
₹ 1,906.80₹ 35.101.88%
₹ 1,877.00₹ 1,910.00₹ 1,868.00₹ 1,871.704,125,337
49.973 3.78T
SBIN.NS
STATE BK OF INDIA
SBIN.NS
₹ 463.70₹ 19.854.47%
₹ 444.85₹ 466.10₹ 442.75₹ 443.8542,573,111
28.026 4.14T
AXISBANK.NS
AXIS BANK
AXISBANK.NS
₹ 802.60₹ 11.201.42%
₹ 792.50₹ 807.45₹ 789.10₹ 791.4015,436,237
27.772 2.46T
INDUSINDBK.NS
INDUSIND BANK LTD
INDUSINDBK.NS
₹ 1,130.95₹ 77.007.31%
₹ 1,071.00₹ 1,186.50₹ 1,071.00₹ 1,053.9527,227,143
45.589 875.41B
AUBANK.NS
AU SMALL FINANCE B
AUBANK.NS
₹ 1,153.15₹ 17.251.52%
₹ 1,146.15₹ 1,161.30₹ 1,129.00₹ 1,135.901,231,889
37.693 361.06B
BANDHANBNK.NS
BANDHAN BANK LTD
BANDHANBNK.NS
₹ 297.65₹ 6.502.23%
₹ 293.50₹ 298.20₹ 289.00₹ 291.156,154,407
12.601 479.42B
FEDERALBNK.NS
FED BANK
FEDERALBNK.NS
₹ 85.90₹ 2.252.69%
₹ 84.45₹ 86.20₹ 83.40₹ 83.6519,468,086
8.028 180.52B
IDFCFIRSTB.NS
IDFC FIRST BANK
IDFCFIRSTB.NS
₹ 50.95₹ 2.304.73%
₹ 49.90₹ 51.60₹ 48.80₹ 48.6586,608,654
-0.412 316.47B
PNB.NS
PUNJAB NATL BANK
PNB.NS
₹ 41.80₹ 3.057.87%
₹ 38.80₹ 41.95₹ 38.50₹ 38.75190,409,869
3.184 460.26B
RBLBANK.NS
RBL BANK LIMITED
RBLBANK.NS
₹ 183.50₹ 4.102.29%
₹ 180.15₹ 184.95₹ 179.25₹ 179.4010,775,369
-1.542 109.97B
Spread the love

Related Posts

2 thoughts on “Nifty Bank / Banknifty Index Stocks Companies Weightage List 2021

  1. I am surprised that the data presented here is very different from what I see in the NSE website for NSE BANK NIFTY FACT SHEET. The weightages as per the fact sheet seem to be updated on SEPTEMBER 30th 2020. Your data is as of OCTOBER 1st. But confused why they are different. Does the weightages change every day ?

    Just confused. Hope someone can clarify why would weightages of bank nifty change on monthly or daily basis when it is supposed to be rebalanced once in 6 months? I observed different weightages updated in fact sheet for August, september and october months. can some one help me understand why will it change that frequently ?

    I need this info badly. thanks for responding.

    1. Hi Onlydravid,
      The data here is the same as on nse website. This data belongs to the closing prices of Sep 2020 as already mentioned in the article. Oct 1 is the date when it has been updated on the this site.
      Weightage of each stock changes every day as price changes of every stock, but on nse website and even on our website weightage is updated at the end of the month.
      You are right that re-balancing is done once in 6 months because nse reviews the structure of Nifty and bank nifty, as no single stock can have more than 15% share in Nifty 50 and 33% share in Bank Nifty and not more than 62% of top three shares in bank nifty.
      In between 6 months, these weightage can increase from the prescribed limits.
      Hope this would clarify you.

Leave a Reply