Question 1

What is the Bank Nifty index?

Accepted Answer

It is an index that comprises the most liquid and large capitalized Indian banking shares.
     It gives an investor the benchmarks that capture the capital performances of the banking sector.

Question 2

In which year was the Nifty Bank Index launched?

Accepted Answer

The Nifty bank index was launched in 2000.

Question 3

What does Nifty Bank represent?

Accepted Answer

The Nifty Bank represents 12 of the most liquid and large capitalized stocks from the banking sector that trade on the National Stock Exchange.

Question 4

How does Nifty Bank work?

Accepted Answer

Nifty Bank, as known, is the index that comprises the most liquid and large capitalized Indian banking stocks, and it also gives investors the
    benchmark that holds the capital market performance of Indian bank stocks.

Question 5

How can I buy nifty bank indices?

Accepted Answer

You can buy shares enlisted on the Bank Nifty Index by finding on Groww which will also help you to spot information on the index and more.

Question 6

What does this Index depend on?

Accepted Answer

The Nifty Bank Index depends on the movement of the top banking stocks of the index.

Question 7

How long can one hold Bank Nifty?

Accepted Answer

Bank Nifty has the options of 3-month trading cycles, the near month one, the next month two, and the far month three.

Question 8

Can we buy Bank Nifty today and sell it tomorrow?

Accepted Answer

Trading nifty or stock options in intraday trading is highly possible.
     Most of the traders open a position at the beginning of a day and close it at the end of the day.

Question 9

How many banks are in Bank Nifty?

Accepted Answer

The Bank Nifty Index contains 12 banks. 12 Banks that are most active and traded in the NSE.

Question 10

How is the Bank Nifty price calculated?

Accepted Answer

The Bank Nifty index uses the computing methodology of free-float market capitalization,
     where the level of the index reflects the total free-float value of the stocks.

Company	Market Cap	Market Price	Sector
HDFC Bank	₹11,80,589 Cr	₹1,555.40 (-0.22%)	Banks
ICICI Bank	₹6,63,524 Cr	₹946.70 (+1.26%)	Banks
State Bank of India	₹5,10,354 Cr	₹571.75 (+1.24%)	Banks
Kotak Mahindra Bank	₹3,47,977 Cr	₹1,750.50 (-0.28%)	Banks
Axis Bank	₹3,40,272 Cr	₹1,104.65 (+2.83%)	Banks
IndusInd Bank	₹1,13,620 Cr	₹1,461.05 (0.00%)	Banks
Bank of Baroda	₹1,04,384 Cr	₹201.85 (0.00%)	Banks
Punjab National Bank	₹88,870 Cr	₹80.70 (+3.99%)	Banks

Index Name	Market Value	52W High	52W Low
NIFTY 50	20,267.90 (0.00%)	20291.55	16828.35
NIFTY BANK	44,814.20 (+0.75%)	46369.50	38613.15
FINNIFTY	20,211.00 (0.00%)	21548.45	16610.10
SENSEX	67,481.19 (+0.74%)	67927.23	57084.91
NIFTY MIDCAP SELECT	9,767.60 (+0.86%)	9786.15	6595.95
NIFTY NEXT 50	0.00 (0.00%)	48565.55	36850.75

NIFTY BANK

Performance

Top Index Mutual Funds

About NIFTY Bank

All Indices

Parent Organisation	NIFTY Bank

Exchange	NSE
Founded Year	2003