My last article was about the weight of stocks in the NSE Nifty index, in this article, I will tell the weight of stocks in the Bank Nifty index. Bank Nifty index is most active the index traded on NSE based on the prices of 12 banks, below are the stocks along with their weightage. This weight can help us in identifying what would be the direction (Uptrend or Downtrend) of the index if the major banking stocks like HDFCBANK, ICICIBANK, or KOTAK BANK move.
Latest Update 3 January 2023 (Next update on 16 January 2023):
|# Sl No||Stock Name||Trading Symbol||Sector||Weightage in %|
|1.||HDFC Bank Ltd||HDFCBANK||Private Sector||27.63|
|2.||ICICI Bank Ltd||ICICIBANK||Private Sector||22.98|
|3.||State Bank of India||SBIN||Public Sector||11.73|
|4.||Axis Bank Ltd||AXISBANK||Private Sector||11.60|
|5.||Kotak Mahindra Bank Ltd||KOTAKBANK||Private Sector||11.40|
|6.||IndusInd Bank Ltd||INDUSINDBK||Private Sector||5.03|
|7.||AU Small Finance Bank||AUBANK||Private Sector||2.54|
|8.||Bandhan Bank Ltd||BANDHANBNK||Private Sector||1.78|
|9.||Bank of Baroda Ltd||BANKBARODA||Public Sector||1.76|
|10.||Federal Bank Ltd||FEDERALBNK||Private Sector||1.76|
|11.||IDFC First Bank Ltd||IDFCFIRSTB||Private Sector||0.95|
|12.||Punjab National Bank||PNB||Public Sector||0.84|
You can also refer to the past weight data below:
- State Bank of India 21.64
- HDFC Bank 28.89
- ICICI Bank 16.44
- Kotak Mahindra Bank 7.27
- Axis Bank 7.21
- Bank of Baroda 4.93
- Punjab National Bank 4.50
- Bank of India 3.42
- Canara Bank 3.16
- IndusInd Bank 2.54
- Yes Bank 2.01
- Union Bank 1.97
In the above list, the first 5 stocks have the highest weight in the bank nifty index, so most of the time trend of these five must be considered as the trend of the bank nifty index. Do you want to know how the index is calculated? Do read these books. BankNifty is one of the most liquid and highly popular traded indexes.
A small fluctuation in the top 4-5 stocks can move bank nifty in a much higher proportion. As top 3 banking stocks contribute to 65% of the total weight. Recently we saw the private sector banks rise after the latest quarterly result. You can easily trade bank nifty options as they are liquid too and bank nifty options have a weekly expiry.
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bank nifty buy or sell
Sell Banknifty tomorrow for a target of 23480.
Reni Ebi says
Please send me the full details in nifty index calculation .
bank nifty analiyes and bank stocks analiyes and buying selling levels pls giveme details
please change stocks in bank nifty & their respective weightage. This site is showing wrong weightage & some banks are missing according to NSE website.
Ravindra Pal Singh Chauhan says
Please tell me, How to analyse Nifty, bank nifty for any day for trading in the opening 15 min ? and in the last hour of trading ?
How to analyse Nifty, bank nifty on Expiry day for trading in the opening hour ? and in the last hour of trading ?
Banknifty majorly consists of PSU banks. I see SBI being the largest contributor to bank nifty index.
HDFC bank should be largest one in banknifty. As the market cap is way more now.
IndusInd Bank should be above bank of baroda and punjab national bank. Recently both these banks were lagger for the index but, the IndusInd Bank has given decent returns.
Arun Sood says
how is bank nifty weightage calculated?
bank nifty weightage on stocks is increasing or decreasing on daily basis. how can i keep track of it daily.
sunil todekar says
what is HDFC bank weightage in banknifty index trend.
Only SBI from psu banks are in banknifty? what about bank of baroda, punjab national bank, andhra bank, bank of india they are not included in banknifty?