Bank Nifty Share Price & Technicals

Formerly, a page of Nifty 50 components and technicals has been published. There, we mentioned a brief description of NIFTY. People who are aware of the country’s financial field must come across the NSE (National Stock Exchange) indices. Among the various NIFTY Indices, Bank Nifty is the one comprised of the Top 12 banks in India. As the name suggests, the particular index focuses only on the banking sector. Before proceeding to further discussion on Bank Nifty Share Price & Technicals, a brief introductory note on NSE and NIFTY is necessary. So, India’s first demutualised electronic exchange NSE was introduced in the year 1992. Hence, the automated, advanced and screen-based electronic trading platform facilitates trading methods in every way.

Bank Nifty Share Price & Technicals

However, this web page will show the Bank Nifty share price and Bank Nifty technicals.

Bank Nifty Share Price

Bank Nifty Technicals

Bank Nifty Pivot Point Levels Today

Bank Nifty Daily Share Price Chart

The Journey of Bank NIFTY

A slight movement of Nifty depends upon the overall financial fluctuations of the country. Therefore, one single sector can’t change volatility in Nifty much as Nifty consists of all sectors like Banks, oil, IT, gas, infrastructure, etc. Hence, in order to get more detailed information and data, sector-wise Nifty indices come into the market. From 2005 to the present year, Bank Nifty has crossed many hurdles, ups, and downs. So, the banking sector plays a major role in the Indian economy. In India, 60 million retail investors have their investments in the stock market. Therefore, it is expected to see further growth in the banking sector. Later in this article, you will get the entire details of the particular index along with historical data.

Bank Nifty Share Price Data

After the Nifty 50, Bank Nifty is considered the most popular index under the NSE. The particular index was formed by 12 Banking shares. Bank Nifty is one of the most volatile and liquid indices. However, almost 26% of Nifty is acquired by Bank Nifty. If we analyse closely, Bank Nifty comes out as the highest weightage index in Nifty. Therefore, the performance of Nifty hugely depends on Nifty. 12 stocks under Bank Nifty are the most liquid and large-capitalised stocks in the banking sector.

Have a look at the above chart. Here is the presentation of the entire journey of Bank Nifty. As you can see from 2006 to 2018, the journey was not smooth enough. The chart reflects the volatility of the price through ups and downs. After 2006, there was a deep fall in 2009. The chart shows that the price creates an overall higher high move. Analysts expect to see a further rise in the price in the upcoming years.

Weightage Calculation

As the Banking sector is the most volatile sector in the Indian financial market, Bank Nifty points fluctuate quite often. Point fluctuations don’t happen due to price movements of a single bank. It depends on the overall performance of the listed banks. In the calculation method, you have to remember certain points. The weightage of the 12 banks is not the same. Hence, Bank Nifty points movements depend on the particular banks separately.

Notice that each bank carries a different weightage, which is responsible for the movements of Bank Nifty points. HDFC Bank can move Bank Nifty points more in comparison to Punjab National Bank. The index is rebalanced semi-annually, from Jan 31st and July 31st of each year.

Bank Nifty Calculation Method

The calculation of Bank Nifty is almost the same as the calculation of Nifty. You may check our previous page for the Nifty calculation. The only difference in the input is that in the Nifty 50, the number of stocks is 50, and Bank Nifty consists of 12 stocks. Here, the base value is 1000. The base year is 1995. Let’s see the calculation method.

Bank Nifty = (sum of Free Flow Market Capital of 12 most liquid stocks) x index factor
The calculation of Index Value = Current Market Value / Base Market Capital x Base Index Value (1000)
Free Float Market Capitalisation equal to Shares outstanding x Price x IWF (Investable Weight Factor)
IWF calculation (available float shares)/(total outstanding shares)

Components of Bank Nifty

The components of Bank Nifty are given below.

Here is the entire list of stocks which come under the Bank Nifty. Stocks under the Bank Nifty index are the large-cap category.

Conclusion

However, it is clear that the Bank Nifty Share Price is one of the key drivers of the Indian financial market. Hence, it not only helps investors to analyse the banking sector properly but also works as a profitable trading tool. With the growing inflation rate, the demand for the banking industry will automatically go high. Therefore, investors can consider the sector as long as well as a short-term money-generating tool. However, the page contains each and every detail regarding Bank Nifty Share Price. Here, we put all the data regarding the Bank Nifty share price technicals along with accurate data and analysis.