Nifty Bank Index

E883341

Nifty Bank Index is a benchmark Indian stock market index that tracks the performance of leading banking sector stocks listed on the National Stock Exchange (NSE).

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Statements (47)

Predicate Object
instanceOf sectoral index
stock market index
alsoKnownAs NSE Bank Index NERFINISHED
baseDate 2000-01-01
baseValue 1000
calculationFrequency real-time
calculationMethod free-float market capitalization weighted
componentSelectionCriteria free-float market capitalization
liquidity
trading frequency
componentType equity shares
country India
currency Indian rupee
dataFrequency real-time
dataVendorCode NIFTYBANK NERFINISHED
exchange NSE NERFINISHED
focusIndustry financial services
focusSector banking
hasBaseIndex Nifty 50 Index NERFINISHED
hasDerivatives index futures
index options
includesSecuritiesListedOn National Stock Exchange of India NERFINISHED
isBenchmarkFor banking sector performance in India
isPartOf Nifty family of indices NERFINISHED
isUsedBy institutional investors
mutual funds
portfolio managers
retail investors
launchDate 2000-09-15
market National Stock Exchange of India NERFINISHED
operator National Stock Exchange of India NERFINISHED
parentOrganization National Stock Exchange of India Limited NERFINISHED
provider NSE Indices Limited NERFINISHED
rebalancingFrequency semi-annual
region India NERFINISHED
sectorClassificationStandard NSE sector classification
sectorWeight 100% banking
shortName Nifty Bank NERFINISHED
timeZone Asia/Kolkata
tracks leading banking sector stocks listed on NSE
tradingHours 09:15–15:30 IST
usesFor benchmarking banking sector funds
creation of exchange traded funds
creation of index funds
derivatives trading
website https://www.nseindia.com
weightingScheme capped free-float market capitalization

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Nifty Bank alsoKnownAs Nifty Bank Index