Bank Nifty Weightage | Nifty Bank Weightage (2023)

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If you’ve heard about Nifty 50, which lists the 50 best stocks in the country, then you should know about its banking counterpart – Nifty Bank. Nifty Bank is a curated list of the top 12 banking companies in India, both government and non-government. This exclusive group is collectively known as Bank Nifty or Nifty Bank. The beauty of Nifty Bank lies in its ability to give you a comprehensive view of the entire banking sector.
Unlike Nifty 50, which covers a broader range of companies, Nifty Bank specifically focuses on the top 12 companies in the banking industry. These are the major players that shape the financial landscape of the country. Nifty Bank is one of the most actively traded indices in Future and options segments.

Bank Nifty Weightage Stocks list 2023

Here Below List of Bank Nifty Weightage Stock List NSE 2023 –

COMPANY NAME	WEIGHT	CMP	MARKET CAP (CR)	52W HIGH	52W LOW	ROE	P/E
HDFCBANK	27.04%	1532.1	1162828.53	1757.5	1460.25	16.96	22.26
ICICIBANK	23.03%	929.4	651460.52	1008.7	796	17.48	17.44
KOTAKBANK	11.72%	1744	346625.54	2064.4	1643.5	14.06	26.79
SBIN	11.27%	560.35	500090.63	629.54	499.35	18.05	8.05
AXISBANK	11.18%	1008.5	310881.25	1047.5	814.3	7.96	14.02
INDUSINDBK	5.58%	1476.2	114789.81	1538.5	990	14.53	13.82
AUBANK	2.69%	722.2	48259.47	795	548	15.44	30.04
BANDHANBNK	1.98%	212.35	34207.56	272	182.15	11.87	13.47
BANKBARODA	1.84%	193.1	99859	219.65	146.5	15.33	5.89
FEDERALBNK	1.68%	147.4	35850.46	155.19	120.9	14.94	10.19
IDFCFIRSTB	1.08%	84.3	59528.82	100.7	52.1	9.17	20.36
PNB	0.91%	75.95	83628.66	83.5	44.4	2.79	17.43

Bank Nifty Weightage NSE India

In Bank Nifty Mainly 12 Government or Private Banks consider for weightage, Following list of Banks –

• HDFC Bank.
• ICICI Bank.
• Kotak Bank.
• State Bank of India.
• Axis Bank.
• Indusind Bank.
• AU Bank.
• Bandhan Bank.
• Bank of Baroda.
• Fedral Bank.
• IDFC First Bank.
• Punjab National Bank.

Bank Nifty Weightage Calculator

The Bank Nifty is a stock market index that represents the performance of the banking sector in the National Stock Exchange of India (NSE). The weightage of individual stocks in the Bank Nifty is determined by their market capitalization. Here’s guide on how to calculate the weightage of a stock in the Bank Nifty:

1. Collect Data: Gather information on the market capitalization of each stock that is part of the Bank Nifty. Market capitalization is calculated by multiplying the current market price of a stock by the total number of outstanding shares.
2. Calculate Total Market Capitalization: Add up the market capitalizations of all the stocks in the Bank Nifty. This represents the total market capitalization of the index.
3. Calculate Weightage: For each stock, divide its individual market capitalization by the total market capitalization of the Bank Nifty. Then, multiply the result by 100 to get the percentage weightage.Weightage of Stock X=(Market Cap of Stock XTotal Market Cap of Bank Nifty)×100Weightage of Stock X=(Total Market Cap of Bank NiftyMarket Cap of Stock X​)×100
4. Repeat for Each Stock: Repeat this process for each stock in the Bank Nifty to determine the weightage of each individual stock.
5. Verify 100% Total: Ensure that the sum of the individual weightages equals 100%. This confirms that you have accurately calculated the weightage for each stock in the Bank Nifty.

Keep in mind that the composition of the Bank Nifty can change due to periodic reviews by the index provider. Stocks may be added or removed based on various criteria, and market capitalization data may need to be updated accordingly.

Bank Nifty Weightage Chart Today

Bank Nifty Weightage Stocks List 2023 Pdf

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