Bank Nifty Weightage Stocks
NSE INDICES

Bank Nifty Weightage Stocks Index List 2021 I Realtime price

first we should know about what is Bank nifty index ?

here are the list of banknifty shares list updated 2021

 

What is Bank Nifty Index ?  bank nifty constituents weightage 2021

Nifty Bank index is the second big index in indian market after main Nifty index. It is weighted index of Banking stocks in India that have large capital and it is very liquid stocks.

Right Now there are 12 banking stocks in the list of banknifty index and it gives heavy weightage to banknifty .Bank Nifty index contains both Public Sector banks and Private Sector banks.

Bank Nifty index is also known by its second name and people also search this term  “Nifty Bank”. India Index Service and Product Limited (IISL) launched the index launched bank nifty index in the year of 2000 .

  • Base date of index is 1st January, 2000.
  • Base value of index is 1000 points.
  • The aim of this index was to help the investors for making better decision according to its benchmark of Indian capital market economy with its realtime performance .

Must read : 

How to Trade in Bank Nifty Index? / method of calculating the market capitalization 

Nifty Bank is calculated /computed by free-float capitalization method. it is a method calculating the market capitalization of a stock market index’s underlying companies. and it is calculated by stocks price that is underlying the index.

You can trade Nifty index in the different segments like options and futures . It is very high liquid index the reason behind this it contains high weightage in Nifty index .

  • Now current lot size of Nifty Bank  is 20 units.
  • Now it become the higher traded index that is trading weekly and it has higher trading volume than Nifty50 index . so its the top 1 index among of all.

How NSE choose Stocks in Bank Nifty Index

NSE follow some criteria to choose banking stocks in Bank Nifty index

  • Ranking of Market Capitalization

Banks should be rank under and less than 500 in the universe is the first criteria of choosing stocks in index.

  • Net Worth

selected bank Net worth should be in positive.

  • History of listing

The duration of listing of any company should be atleast 6 months and it should listed on NSE. and if the bank come with an IPO it should be 3 months listing history on NSE.

  • Turnover of rank should be rank under and less than 500 in the universe .
  • Trading Frequency

In the duration of six months , frequency of trading of  the selected bank should be minimum 90% and if it is above 90% it is a good plus point for choosing.

  • Futures & Options Segment activated

if the banking stocks traded in F&O (Futures & Options Segment) only with this criteria it will be added in banknifty index.

    • Weightage of banking stocks

    All  banking stocks contains their weights in the banknifty index and no one bank should be more than 34% share of stocks.

    Top 3 banks combined should not more than 63% while re-balancing or re arranging.

  • Re-Balancing date

it is re-balancing of half yearly basis by NSE in banknifty index.  1st January and 1st July these 2 dates are alloted by NSE.

For re-balancing it takes 6 months of average data.

  • Governance of Nifty Bank index

it 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 Shares List 2021 [updated]/ bank nifty weightage calculator

Below is the total number of companies  that is included in Bank Nifty Weightage Index (Nifty Bank Index Stocks) and it is released by National stock exchange dated , April 30, 2021.

Stocks weightage Last Price
Banknifty Index100%
HDFC Bank Ltd34.99%
ICICI Bank Ltd23.36%
Kotak Mahindra Bank Ltd13.92%
Axis Bank Ltd11.61%
State Bank of India8.19%
Indusind Bank Ltd2.89%
Bandhan Bank Ltd
1.35%
AU Small Finance Bank Ltd0.97%
Federal Bank Ltd0.88%
IDFC First Bank Ltd0.85%
Punjab National Bank0.52%
RBL Bank Ltd0.46%

HDFC Bank contains  highest weightage with 34.99% weightage in Nifty Bank Index Stocks Companies List, whereas ICICI Bank remains at 2nd in the list with 23.36%  weightage & koatak mahindra bank is placed at 3rd position with 13.92% in Bank Nifty Companies Index List.

HDFC Bank, ICICI Bank & Kotak Mahindra Bank are top bank nifty heavy weights stocks Banknifty index.

RBL Bank having low weightage in Bank Nifty Weightage Index with 0.46%.

Yes Bank has been out from the Bank Nifty Index on March 19, 2020. Bandhan Bank has also in Bank Nifty Shares List.

  • Bank Nifty Lot Size

Earlier bank nifty was 40 units per lot but As per the circular Ref. No. 91/2018 date  September 28, 2018  it has been revised 20 from 40 units .

Now it trades with 20 units .

 

Banknifty Share Price Live Chart click here

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