Nifty Bank
The Nifty Bank Index comprises of 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 National Stock Exchange of India (NSE).
Nifty Bank Index is computed using free float market capitalization method.
Nifty Bank Index can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and structured products.
Technical Analysis of Nifty Bank
Moving Averages
| Period | Simple | Exponential |
|---|---|---|
| MA 5 | 45,366.37 | 45,103.91 |
| MA 10 | 45,498.06 | 45,212.92 |
| MA 20 | 44,962.89 | 45,079.53 |
| MA 30 | 44,691.63 | 44,979.16 |
| MA 50 | 44,966.36 | 44,809.96 |
| MA 100 | 44,497.63 | 44,254.51 |
| MA 200 | 43,087.72 | 43,058.31 |
Moving Average Rating
Technical Indicators
| Name | Value | Name | Value |
|---|---|---|---|
| Aroon Up (14) | 71.43 | Aroon Down (14) | 0.00 |
| MACD Level (12, 26) | 178.26 | MACD Signal (12, 26) | 211.16 |
| Relative Strength Index (7) | 34.45 | Relative Strength Index (14) | 44.35 |
| Stochastic %D (14 3 3) | 60.15 | Stochastic %K (14 3 3) | 37.97 |
| Stochastic RSI Fast (3, 3, 14, 14) | 15.52 | Stochastic RSI Slow (3, 3, 14, 14) | 44.82 |
| Bollinger Upper Band (20) | 46,313.42 | Bollinger Lower Band (20) | 43,612.35 |
| Keltner Channels Upper Band (20) | 46,084.78 | Keltner Channels Lower Band (20) | 44,074.28 |
| Donchian Channels Upper Band (20) | 46,310.40 | Donchian Channels Lower Band (20) | 43,830.75 |
| Ichimoku Conversion Line (9, 26, 52, 26) | 45,429.65 | Ichimoku Base Line (9, 26, 52, 26) | 44,991.42 |
| Ichimoku Leading Span A (9, 26, 52, 26) | 44,672.06 | Ichimoku Leading Span B (9, 26, 52, 26) | 44,857.72 |
| Positive Directional Indicator (14) | 21.90 | Negative Directional Indicator (14) | 29.30 |
| Volume Weighted Average Price | 44,719.23 | Volume Weighted Moving Average 20 | 44,981.23 |
Oscillator Rating
Oscillators
| Awesome Oscillator | 782.95 |
|---|---|
| Ultimate Oscillator (7,14,28) | 42.12 |
| Money Flow (14) | 61.28 |
| Chaikin Money Flow (20) | -0.04 |
| Commodity Channel Index (20) | -27.32 |
| Bull Bear Power | -812.72 |
High / Low
| 1 Month | 46,310.40 | 43,830.75 |
|---|---|---|
| 3 Month | 46,369.50 | 43,541.75 |
| 6 Month | 46,369.50 | 39,273.75 |
| 52 Week | 46,369.50 | 37,386.35 |
| All Time | 46,369.50 | 743.70 |
Volume
| Volume | 249.4 M |
|---|---|
| Average 10 D | 282.7 M |
| Average 30 D | 242 M |
| Average 60 D | 246.7 M |
| Average 90 D | 221.3 M |
Change/Volatility
| Change | -11.80 (-0.03%) |
|---|---|
| Change 1W | -1,619.45 (-3.50%) |
| Change 1M | 622.90 (1.42%) |
| Volatility | 1.01 |
| Volatility W | 1.04 |
Performance
| Yesterday | 3.66 |
|---|---|
| Weekly | -3.27 |
| Monthly | 1.24 |
| 3 Month | 2.22 |
| 6 Month | 12.78 |
| Yearly | 9.11 |
| 5 Year | 78.82 |
| All Time | 4,129.39 |
Misc.
| Average Day Range (14) | 455.41 |
|---|---|
| Average Directional Index (14) | 20.28 |
| Average True Range (14) | 491.33 |
| Williams Percent Range (14) | -80.75 |
| Rate Of Change (9) | -1.21 |
| Hull Moving Average (9) | 44,861.31 |
| Momentum (10) | -266.30 |
| Parabolic SAR | 46,276.04 |
PIVOT POINTS of Nifty Bank
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 40,092.62 | 42,275.02 | 43,132.08 | 44,457.42 | 45,314.48 | 46,639.81 | 48,822.21 |
| Fibonacci | 42,275.02 | 43,108.69 | 43,623.74 | 44,457.42 | 45,291.09 | 45,806.14 | 46,639.81 |
| Camarilla | 43,388.99 | 43,589.04 | 43,789.09 | 44,457.42 | 44,189.20 | 44,389.25 | 44,589.31 |
| Woodie's | 40,722.51 | 42,161.43 | 42,904.90 | 44,343.83 | 45,087.30 | 46,526.22 | 47,269.70 |
| DeMark's | - | - | 42,703.55 | 44,243.15 | 44,885.95 | - | - |
Nifty Bank Constituents
| Price | 744.55 1.95 (0.26%) | 52 Week High | 795.00 |
|---|---|---|---|
| ISIN | INE949L01017 | 52 Week Low | 548.00 |
| Industry | Regional Banks | Volume | 1.7 M |
| Sector | Finance | P/E Ratio TTM | 32.07 |
| Market Cap | 495.5 B | 1 Year Beta | 1.15 |
| Price | 1,018.25 3.80 (0.37%) | 52 Week High | 1,047.50 |
|---|---|---|---|
| ISIN | INE238A01034 | 52 Week Low | 707.70 |
| Industry | Regional Banks | Volume | 7.1 M |
| Sector | Finance | P/E Ratio TTM | 25.27 |
| Market Cap | 3.1 T | 1 Year Beta | 0.90 |
| Price | 249.35 3.85 (1.57%) | 52 Week High | 275.90 |
|---|---|---|---|
| ISIN | INE545U01014 | 52 Week Low | 182.15 |
| Industry | Major Banks | Volume | 12 M |
| Sector | Finance | P/E Ratio TTM | 19.79 |
| Market Cap | 395.1 B | 1 Year Beta | 0.56 |
| Price | 215.35 8.20 (3.96%) | 52 Week High | 219.65 |
|---|---|---|---|
| ISIN | INE028A01039 | 52 Week Low | 124.00 |
| Industry | Major Banks | Volume | 37.3 M |
| Sector | Finance | P/E Ratio TTM | 6.40 |
| Market Cap | 1.1 T | 1 Year Beta | 1.93 |
| Price | 1,529.65 -23.70 (-1.53%) | 52 Week High | 1,757.50 |
|---|---|---|---|
| ISIN | INE040A01034 | 52 Week Low | 1,365.00 |
| Industry | Regional Banks | Volume | 30.9 M |
| Sector | Finance | P/E Ratio TTM | 17.56 |
| Market Cap | 11.8 T | 1 Year Beta | 1.04 |
| Price | 950.30 -9.00 (-0.94%) | 52 Week High | 1,008.70 |
|---|---|---|---|
| ISIN | INE090A01021 | 52 Week Low | 796.00 |
| Industry | Regional Banks | Volume | 12.7 M |
| Sector | Finance | P/E Ratio TTM | 18.15 |
| Market Cap | 6.7 T | 1 Year Beta | 1.19 |
| Price | 93.60 0.20 (0.21%) | 52 Week High | 100.70 |
|---|---|---|---|
| ISIN | INE092T01019 | 52 Week Low | 46.20 |
| Industry | Regional Banks | Volume | 16.4 M |
| Sector | Finance | P/E Ratio TTM | 22.02 |
| Market Cap | 621.7 B | 1 Year Beta | 1.63 |
| Price | 1,452.90 41.60 (2.95%) | 52 Week High | 1,475.65 |
|---|---|---|---|
| ISIN | INE095A01012 | 52 Week Low | 990.00 |
| Industry | Major Banks | Volume | 4.4 M |
| Sector | Finance | P/E Ratio TTM | 14.22 |
| Market Cap | 1.1 T | 1 Year Beta | 1.42 |
| Price | 1,756.45 0.75 (0.04%) | 52 Week High | 2,064.40 |
|---|---|---|---|
| ISIN | INE237A01028 | 52 Week Low | 1,643.50 |
| Industry | Major Banks | Volume | 3.7 M |
| Sector | Finance | P/E Ratio TTM | 21.38 |
| Market Cap | 3.5 T | 1 Year Beta | 1.05 |
| Price | 77.50 2.50 (3.33%) | 52 Week High | 79.05 |
|---|---|---|---|
| ISIN | INE160A01022 | 52 Week Low | 34.25 |
| Industry | Major Banks | Volume | 96.3 M |
| Sector | Finance | P/E Ratio TTM | 19.36 |
| Market Cap | 825.8 B | 1 Year Beta | 2.41 |
| Price | 598.15 10.00 (1.70%) | 52 Week High | 629.55 |
|---|---|---|---|
| ISIN | INE062A01020 | 52 Week Low | 499.35 |
| Industry | Regional Banks | Volume | 18.8 M |
| Sector | Finance | P/E Ratio TTM | 7.98 |
| Market Cap | 5.3 T | 1 Year Beta | 1.61 |
| Price | 145.95 0.15 (0.10%) | 52 Week High | 150.00 |
|---|---|---|---|
| ISIN | INE171A01029 | 52 Week Low | 109.45 |
| Industry | Regional Banks | Volume | 8.1 M |
| Sector | Finance | P/E Ratio TTM | 9.15 |
| Market Cap | 342.3 B | 1 Year Beta | 1.04 |
Nifty Bank Methodolgy
Eligibility Criteria for Selection of Constituent Stocks:
i. Companies should form part of Nifty 500 at the time of review. In case, the number of eligible stocks representing a particular sector within Nifty 500 falls below 10, then deficit number of stocks shall be selected from the universe of stocks ranked within top 800 based on both average daily turnover and average daily full market capitalisation based on previous six months period data used for index rebalancing of Nifty 500.
ii. Companies should form a part of the Banking sector.
iii. The company's trading frequency should be at least 90% in the last six months.
iv. The company should have a listing history of 6 months. A company which comes out with an IPO will be eligible for inclusion in the index, if it fulfills the normal eligibility criteria for the index for a 3 month period instead of a 6 month period.
v. Companies that are allowed to trade in F&O segment are only eligible to be constituent of the index.
vi. Final selection of 12 companies shall be done based on the free-float market capitalization of the companies.
vii. Weightage of each stock in the index is calculated based on its free-float market capitalization such that no single stock shall be more than 33% and weightage of top 3 stocks cumulatively shall not be more than 62% at the time of rebalancing.
Index Re-Balancing:
Index is re-balanced on semi-annual basis. The cut-off date is January 31 and July 31 of each year, i.e. For semi-annual review of indices, average data for six months ending the cut-off date is considered. Four weeks prior notice is given to market from the date of change.
Index Governance:
A professional team manages all NSE indices. There is a three-tier governance structure comprising the Board of Directors of NSE Indices Limited, the Index Advisory Committee (Equity) and the Index Maintenance Sub-Committee.
i. Companies should form part of Nifty 500 at the time of review. In case, the number of eligible stocks representing a particular sector within Nifty 500 falls below 10, then deficit number of stocks shall be selected from the universe of stocks ranked within top 800 based on both average daily turnover and average daily full market capitalisation based on previous six months period data used for index rebalancing of Nifty 500.
ii. Companies should form a part of the Banking sector.
iii. The company's trading frequency should be at least 90% in the last six months.
iv. The company should have a listing history of 6 months. A company which comes out with an IPO will be eligible for inclusion in the index, if it fulfills the normal eligibility criteria for the index for a 3 month period instead of a 6 month period.
v. Companies that are allowed to trade in F&O segment are only eligible to be constituent of the index.
vi. Final selection of 12 companies shall be done based on the free-float market capitalization of the companies.
vii. Weightage of each stock in the index is calculated based on its free-float market capitalization such that no single stock shall be more than 33% and weightage of top 3 stocks cumulatively shall not be more than 62% at the time of rebalancing.
Index Re-Balancing:
Index is re-balanced on semi-annual basis. The cut-off date is January 31 and July 31 of each year, i.e. For semi-annual review of indices, average data for six months ending the cut-off date is considered. Four weeks prior notice is given to market from the date of change.
Index Governance:
A professional team manages all NSE indices. There is a three-tier governance structure comprising the Board of Directors of NSE Indices Limited, the Index Advisory Committee (Equity) and the Index Maintenance Sub-Committee.
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