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List of stocks in Bank Nifty index with weightage

By Bhaveek Patel 14 Comments

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 NoStock NameTrading Symbol SectorWeightage in %
1.HDFC Bank LtdHDFCBANKPrivate Sector27.63
2.ICICI Bank LtdICICIBANKPrivate Sector22.98
3.State Bank of IndiaSBINPublic Sector11.73
4.Axis Bank LtdAXISBANKPrivate Sector11.60
5.Kotak Mahindra Bank LtdKOTAKBANKPrivate Sector11.40
6.IndusInd Bank LtdINDUSINDBKPrivate Sector5.03
7.AU Small Finance BankAUBANKPrivate Sector2.54
8.Bandhan Bank LtdBANDHANBNKPrivate Sector1.78
9.Bank of Baroda LtdBANKBARODAPublic Sector1.76
10.Federal Bank LtdFEDERALBNKPrivate Sector1.76
11.IDFC First Bank LtdIDFCFIRSTBPrivate Sector0.95
12.Punjab National BankPNBPublic Sector0.84
Banknifty index weight was updated on 3 March 2022. The next update is on 1 April 2022.

You can also refer to the past weight data below:

  1. State Bank of India 21.64
  2. HDFC Bank 28.89
  3. ICICI Bank 16.44
  4. Kotak Mahindra Bank 7.27
  5. Axis Bank 7.21
  6. Bank of Baroda 4.93
  7. Punjab National Bank 4.50
  8. Bank of India 3.42
  9. Canara Bank 3.16
  10. IndusInd Bank 2.54
  11. Yes Bank 2.01
  12. 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.

Now learn options trading or learn technical analysis any day or on weekends (Saturday and Sunday), call us on +91-9970777789.

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Category: Nifty Tags: Bank Nifty Stocks Weight/ Weight of Stocks in Bank Nifty

About Bhaveek Patel

Bhaveek Patel is one of the most successful traders, technical analyst, and investor, his areas of interest include stock market, forex, and gold trading. Apart from this, he is often seen in the golf course. He is having more than 10 years of experience in trading, had placed his first order on 19 June 2006 with IndiaInfoline.

Comments

  1. uma says

    bank nifty buy or sell

    Reply
    • Puneet says

      Sell Banknifty tomorrow for a target of 23480.

      Reply
  2. Reni Ebi says

    Dear Sir,
    Please send me the full details in nifty index calculation .

    Thanks,
    Regards,
    T.Reni Ebi

    Reply
  3. c.baskaran says

    bank nifty analiyes and bank stocks analiyes and buying selling levels pls giveme details

    Reply
  4. parag says

    please change stocks in bank nifty & their respective weightage. This site is showing wrong weightage & some banks are missing according to NSE website.

    Reply
  5. Ravindra Pal Singh Chauhan says

    Respected Sir,

    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 ?

    Thanking you
    RPS Chauhan

    Reply
  6. jitu says

    Banknifty majorly consists of PSU banks. I see SBI being the largest contributor to bank nifty index.

    Reply
  7. Kailash says

    HDFC bank should be largest one in banknifty. As the market cap is way more now.

    Reply
  8. amit says

    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.

    Reply
  9. Arun Sood says

    how is bank nifty weightage calculated?

    Reply
  10. yogesh says

    bank nifty weightage on stocks is increasing or decreasing on daily basis. how can i keep track of it daily.

    Reply
  11. sunil todekar says

    what is HDFC bank weightage in banknifty index trend.

    Reply
  12. yash says

    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?

    Reply

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    October 16, 2021 at 11:04 am

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