Skip to content
Trading Hat

Trading Hat

Trading & Investment Blog

  • India Stock Market
  • US Stock Market
  • Live Charts
  • Trading Signals
  • Articles
  • News
  • Web Stories
  • Toggle search form
Bank Nifty Stocks Weightage

Bank Nifty Weightage 2023 | Nifty Bank Index Stocks Ultimate List

Posted on February 11, 2023February 11, 2023 By Trading Hat 2 Comments on Bank Nifty Weightage 2023 | Nifty Bank Index Stocks Ultimate List

Many banks hold the large stake in NSE. It contains different indices. Bank Nifty Weightage List contains 12 Banks in India that have a large capital structure and they are the backbone of the economy. This article will describe in details above the index having their weightage in Bank Nifty and you can also get the Bank Nifty Share Live Prices also.

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.

If you want to start free online trading, You can open online demat account here. Moreover, you can check Best Forex Trading Apps & Best Crypto Wallet.

Computation & Trading in Bank Nifty Index

Bank Nifty Stocks Weightage List 2022
Computation 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.

Many experts views on bank nifty & make bank nifty today prediction after seeing the technical charts.

Stock Selection in Bank Nifty Index

There are some criteria for selection of banking stocks in Bank Nifty Stocks List 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.

Bank Nifty Weightage Stocks List 2023

Below is the list of Companies that are included in Bank Nifty Weightage Stocks List as released by NSE India on basis of closing prices of January 2023.

Nifty Bank Index Stocks
Bank Nifty Index Weightage Companies List 2023
  1. HDFC Bank – 28.66%
  2. ICICI Bank – 23.54%
  3. Kotak Mahindra Bank – 10.18%
  4. Axis Bank – 10.01%
  5. State Bank of India (SBI) – 9.85%
  6. IndusInd Bank – 5.91%
  7. Bank of Baroda (BANKBARODA) – 2.62%
  8. AU Small Finance Bank Ltd. – 2.49%
  9. Federal Bank – 2.38%
  10. Bandhan Bank – 1.55%
  11. IDFC First Bank Ltd. – 1.49%
  12. Punjab National Bank (PNB)- 1.33%

source: https://www.nseindia.com/

HDFC Bank has the highest weightage having 28.66% weightage in Bank Nifty Weightage Index Stocks Companies List, whereas ICICI Bank remains at second having 23.54% weightage & Kotak Mahindra Bank (KOTAKBANK) is on third position having 10.18% in Bank nifty Weightage List.

HDFC Bank, ICICI Bank & KOTAK Bank are also called bank nifty heavy weights stocks.

Punjab National Bank (PNB) has the least weightage in Bank Nifty Weightage Index with 1.33%.

If you want to start free online trading, You can open online demat account here. Moreover, you can check Best Forex Trading Apps & Best Crypto Wallet.

check bank nifty news live today

RBL Bank has been expelled and Bank of Baroda (BANKBARODA) has been added into Bank nifty index on 31st March 2022 on re-balancing.

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 Weightage List.

You can also check Nifty 50 Top 10 Stocks and Nifty 50 Weightage for investing in large cap for making your portfolio strong.

Bank Nifty Current Index Price

NameNIFTY BANK
Last Price₹ 43,937.85
Change₹ 147.65
Change %0.34%

Bank Nifty Chart

Note: – Prices are delayed by 15 minutes.

Bank Nifty Shares Live Prices

Bank Nifty Shares Live Prices
StockPriceChangeChange %Chart (24H)OpenHighLowCloseVolume52 Week RangeEPSMarketcap
HDFC BANK
HDFCBANK.NS
₹ 1,606.50₹ 2.500.16%
₹ 1,612.45₹ 1,614.80₹ 1,601.00₹ 1,604.008,926,748
69.43 8.98T
ICICI BANK
ICICIBANK.NS
₹ 938.15₹ 2.050.22%
₹ 943.00₹ 944.65₹ 935.05₹ 936.1012,493,689
47.83 6.56T
KOTAK MAHINDRA BAN
KOTAKBANK.NS
₹ 1,938.75₹ 8.700.45%
₹ 1,944.95₹ 1,951.35₹ 1,928.00₹ 1,930.053,557,687
71.80 3.85T
STATE BK OF INDIA
SBIN.NS
₹ 587.20₹ 4.450.76%
₹ 584.70₹ 588.90₹ 583.00₹ 582.7511,322,729
62.83 5.24T
AXIS BANK
AXISBANK.NS
₹ 926.10₹ 6.400.70%
₹ 922.65₹ 930.50₹ 920.25₹ 919.7011,616,850
35.04 2.85T
INDUSIND BANK LTD
INDUSINDBK.NS
₹ 1,288.20₹ 1.950.15%
₹ 1,282.40₹ 1,292.95₹ 1,271.00₹ 1,290.151,912,406
95.99 999.62B
AU SMALL FINANCE B
AUBANK.NS
₹ 773.45₹ 3.700.48%
₹ 774.00₹ 779.95₹ 768.95₹ 769.751,927,436
21.63 515.84B
BANDHAN BANK LTD
BANDHANBNK.NS
₹ 265.40₹ 2.951.10%
₹ 268.55₹ 270.75₹ 264.35₹ 268.354,044,340
13.63 427.52B
BK OF BARODA
BANKBARODA.NS
₹ 186.75₹ 1.901.03%
₹ 185.80₹ 187.10₹ 185.10₹ 184.859,634,024
28.82 965.75B
FED BANK
FEDERALBNK.NS
₹ 126.15₹ 0.650.52%
₹ 125.95₹ 126.95₹ 125.80₹ 125.5010,539,684
14.84 267.10B
IDFC FIRST BANK
IDFCFIRSTB.NS
₹ 72.90₹ 0.30.41%
₹ 73.15₹ 73.25₹ 72.50₹ 72.6022,709,687
3.97 482.99B
PUNJAB NATL BANK
PNB.NS
₹ 52.30₹ 0.61.16%
₹ 51.80₹ 52.50₹ 51.80₹ 51.7025,094,018
3.06 575.88B

Banknifty Lot Size

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

India Stock Market

Post navigation

Previous Post: Nifty 50 Companies Stocks Weightage List 2023
Next Post: Nifty IT Stocks List with Companies Weightage 2023

Comments (2) on “Bank Nifty Weightage 2023 | Nifty Bank Index Stocks Ultimate List”

  1. Onlydravid says:
    October 29, 2020 at 8:09 pm

    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. Trading Hat says:
      October 31, 2020 at 8:08 am

      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.

Comments are closed.

India Stock Market

  • Nifty 50 Companies Stocks Weightage List 2023
  • Bank Nifty Weightage 2023 | Nifty Bank Index Stocks Ultimate List
  • Nifty 50 Top 10 Stocks: The Most Powerful Stocks in NSE
  • Latest Nifty Auto Index Stocks Weightage List 2022
  • Nifty IT Stocks List with Companies Weightage 2023
  • Nifty Metal Index Stocks List with Weightage 2023 In NSE
  • Nifty Realty Index Stocks List with Weightage 2023
  • NSE Pharma Stocks List with Weightage 2023
  • Top 100 Nifty Stocks Weightage 2022
  • Top 15 Nifty FMCG Companies List
  • Top 50 Nifty Midcap Stocks Weightage 2022 List
  • Indian Stock Market Trading Holidays 2022

Avoid Losses and Earn Big from News

All news before the market movement.
Start free trial! Join now

Online Trading

If you want to start free online trading, You can open online demat account here. Moreover, you can check Best Forex Trading Apps & Best Crypto Wallet.

Categories

  • Articles
  • India Stock Market
  • Live Charts
  • News
  • Trading Signals
  • US Stock Market

Pages

  • Contact Us
  • Cookie Policy
  • Privacy Policy
  • Risk Warning
  • Terms & Conditions

Subscribe to our Newsletter

Categories

  • Articles
  • India Stock Market
  • Live Charts
  • News
  • Trading Signals
  • US Stock Market

Disclaimer

Investment and trading in Equities, Mutual Funds, Options, Currency Market & Crypto currency carries risk to your capital. You must have awareness to the risks associated with it and should accept them . Before taking any decision based on personal recommendation given on the website of any kind, please consult your financial consultant. Any type of recommendation given on our website are for educational purpose only. Past results or performance are not indicative of future results. Click here to read our Full Disclaimer.
Please see our Privacy Policy and Terms of Use for more information.

Copyright © 2023 Trading Hat.

Powered by PressBook WordPress theme

By continuing to browse the site you are agreeing to our use of cookies and Privacy Policy.