Bank Nifty is one of the most preferred instruments in Indian Markets. It is highly traded and one of the favorites among traders. The NIFTY Bank Index comprises the most liquid and large Indian Banking stocks. It provides investors and market intermediaries a benchmark that captures the capital market performance of the Indian banks. The Index comprises of maximum 12 companies listed on the National Stock Exchange of India (NSE).
Below are the top 10 constituents of Bank Nifty and their weight in percentage:
- HDFC Bank Ltd. – 27.41%
- ICICI Bank Ltd. – 21.09
- Axis Bank Ltd. – 14.30
- Kotak Mahindra Bank Ltd. – 13.02
- State Bank of India – 11.74
- IndusInd Bank Ltd. – 4.57
- Bandhan Bank Ltd. – 1.93
- AU Small Finance Bank Ltd. – 1.84
- Federal Bank Ltd. – 1.38
- IDFC First Bank Ltd. – 1.26
Our Indian Market Letter contains daily Bank Nifty trading ranges and insights into the markets. It helps take traders to take positions for both short and long-term contracts with conviction. MahendraProphecy.com is one of the most accurate and reliable sources for bank nifty predictions. It has a track record of predicting the markets successfully for more than 30 plus years. You can check about our Indian Market Subscription here -> https://www.mahendraprophecy.com/indian-market-subscription.php
If you are trading in Indian Markets, MahendraProphecies.com’s Indian Market letter is a must-have resource. You can trade with conviction by following the Astro indicators and financial astrology with great insights.