Nifty Bank Stocks List (2023)
The NiftyBank index considers 12 stocks that measure the performance of the Indian banking sector. The stocks are classified broadly into Public and Private Sector banks. As an Investor, it’s important to understand the banking stocks individually because Banknifty holds more than 26% of the Nifty 50.
| Company | Price | Marketcap | Change % |
|---|---|---|---|
| HDFC BANK LTD | ₹ 1,646.50 | 12.55T | 0.58% |
| ICICI BANK LTD. | ₹ 1,235.00 | 8.70T | 2.22% |
| KOTAK MAHINDRA BANK LTD | ₹ 1,790.15 | 3.56T | 1.47% |
| AXIS BANK LIMITED | ₹ 1,170.85 | 3.62T | 1.04% |
| STATE BANK OF INDIA | ₹ 784.25 | 7.00T | 0.22% |
| INDUSIND BANK LIMITED | ₹ 1,428.10 | 1.11T | 1.33% |
| BANK OF BARODA | ₹ 235.55 | 1.22T | 0.13% |
| AU SMALL FINANCE BANK LTD | ₹ 714.20 | 531.25B | 1.59% |
| FEDERAL BANK LTD | ₹ 184.99 | 453.33B | 0.84% |
| BANDHAN BANK LIMITED | ₹ 195.41 | 314.91B | 0.47% |
| IDFC FIRST BANK LIMITED | ₹ 72.62 | 543.22B | 1.41% |
| PUNJAB NATIONAL BANK | ₹ 109.63 | 1.21T | 0.34% |
Banking Stock Weightage Breakdown
The Financial Services sector holds about 37% weightage in the Nifty 50, and Banknifty plays a major part in it. Each stock’s weightage in the Nifty Bank index is determined by its free-float market capitalization, ensuring no stock exceeds 33% and the top 3 stocks’ combined weightage is capped at 62% at the time of rebalancing.
Bank Nifty Stocks List By Weight (Updated on 09 June 2023)
| Bank Name | Weightage |
|---|---|
| HDFC Bank | 29.00% |
| ICICI Bank | 28.03% |
| Kotak Bank | 11.94% |
| Axis Bank | 11.04% |
| State Bank of India | 9.42% |
| IndusInd Bank | 3.68% |
| AU Small Finance Bank | 1.53% |
| Bank of Baroda | 1.47% |
| Federal Bank | 1.14% |
| IDFC First Bank | 1.13% |
| Bandhan Bank | 1.00% |
| Punjab National Bank | 0.61% |
Note: The NIFTY Bank stocks list and their respective weightage are revised every month. If you want to learn more about the methodology, you can check out the Bank Nifty PDF.
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