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
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