Nifty Bank Index Stocks 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 1^st January and 1^st 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 Index Stocks Weightage List 2021

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

1. HDFC Bank – 28.29%
2. ICICI Bank – 21.37%
3. Kotak Mahindra Bank – 12.36%
4. State Bank of India (SBI) – 12.21%
5. Axis Bank – 12.15%
6. IndusInd Bank – 5.05%
7. AU Small Finance Bank Ltd. – 1.85%
8. Bandhan Bank – 1.84%
9. Federal Bank – 1.54%
10. IDFC First Bank Ltd. – 1.38%
11. Punjab National Bank (PNB)- 1.11%
12. RBL Bank – 0.85%

HDFC Bank has the highest weightage having 28.29% weightage in Nifty Bank Index Stocks Companies List, whereas ICICI Bank remains at second having 21.37% weightage & Kotak Mahindra Bank is on third position having 12.36% in Bank Nifty Companies Index List.

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

RBL Bank has the least weightage in Bank Nifty Weightage Index with 0.85%.

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.

Current Index Price

NIFTY BANK^NSEBANK

0.69%

₹ 35,003.50

Live Chart

Note: – Prices are delayed by 15 minutes.

Lot Size

As per the circular Ref. No. 91/2018 dated September 28, 2018 issued by National Stock Exchange India Ltd, Bank Nifty Lot Size for futures & Options Contract has been revised to 20 units from 40 units.

Now the nifty bank lot size has also been revised to 25 units from 20 units.

Index Stocks Live Prices

Nifty Bank Index Stocks Live Prices

Stock	Price	Change	Change %	Chart (24H)	Open	High	Low	Close	Volume	52 Week Range	EPS	Marketcap
HDFC BANK HDFCBANK.NS	₹ 1,484.60	₹ 5.65	0.38%		₹ 1,488.00	₹ 1,494.00	₹ 1,478.10	₹ 1,490.25	3,849,318		57.6	8.19T
ICICI BANK ICICIBANK.NS	₹ 640.10	₹ 5.20	0.81%		₹ 644.90	₹ 649.20	₹ 637.60	₹ 645.30	8,599,758		26.83	4.43T
KOTAK MAHINDRA BAN KOTAKBANK.NS	₹ 1,760.60	₹ 10.30	0.58%		₹ 1,770.85	₹ 1,780.95	₹ 1,753.00	₹ 1,770.90	2,845,421		50.49	3.49T
STATE BK OF INDIA SBIN.NS	₹ 425.95	₹ 3.55	0.83%		₹ 428.00	₹ 432.75	₹ 425.00	₹ 429.50	19,692,297		25.105	3.80T
AXIS BANK AXISBANK.NS	₹ 749.80	₹ 1.10	0.15%		₹ 748.80	₹ 756.85	₹ 746.25	₹ 750.90	8,611,400		24.13	2.30T
INDUSIND BANK LTD INDUSINDBK.NS	₹ 1,013.70	₹ 20.75	2.01%		₹ 1,030.00	₹ 1,038.70	₹ 1,010.35	₹ 1,034.45	3,324,688		39.96	784.44B
AU SMALL FINANCE B AUBANK.NS	₹ 1,040.50	₹ 20.85	1.96%		₹ 1,064.00	₹ 1,065.20	₹ 1,036.20	₹ 1,061.35	492,454		37.86	325.49B
BANDHAN BANK LTD BANDHANBNK.NS	₹ 320.90	₹ 1.05	0.33%		₹ 323.00	₹ 325.45	₹ 319.00	₹ 321.95	3,115,033		13.69	516.86B
FED BANK FEDERALBNK.NS	₹ 84.95	₹ 1.05	1.22%		₹ 86.00	₹ 86.70	₹ 84.75	₹ 86.00	13,897,764		8.31	169.58B
IDFC FIRST BANK IDFCFIRSTB.NS	₹ 58.55	₹ 1.05	1.76%		₹ 59.60	₹ 59.90	₹ 58.30	₹ 59.60	17,291,832		0.87	363.12B
PUNJAB NATL BANK PNB.NS	₹ 41.75	₹ 0.6500	1.53%		₹ 42.30	₹ 42.90	₹ 41.60	₹ 42.40	70,098,691		2.64	459.71B
RBL BANK LIMITED RBLBANK.NS	₹ 215.80	₹ 3.75	1.71%		₹ 219.80	₹ 220.00	₹ 215.10	₹ 219.55	6,003,927		9.68	129.11B