Bank Nifty Stocks List By Weight & Market Cap (March 2023)


Bank Nifty Stocks

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.

^NSEBANKNIFTY BANK
₹ 39,395.35
NSE
₹ 221.55
0.56%
CompanyPriceMarketcapChange %
HDFC BANK₹ 1,560.65 8.71T0.16%
ICICI BANK₹ 852.40 5.95T0.36%
KOTAK MAHINDRA BAN₹ 1,692.15 3.36T0.74%
AXIS BANK₹ 839.90 2.59T1.05%
STATE BK OF INDIA₹ 505.35 4.51T1.44%
INDUSIND BANK LTD₹ 1,009.55 783.30B0.85%
BK OF BARODA₹ 159.80 826.38B1.78%
AU SMALL FINANCE B₹ 559.90 373.31B1.71%
FED BANK₹ 126.85 268.37B0.12%
BANDHAN BANK LTD₹ 203.10 327.16B4.42%
IDFC FIRST BANK₹ 54.10 358.04B1.81%
PUNJAB NATL BANK₹ 45.50 501.77B2.88%

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 Weight

Bank Nifty Stocks List By Weight (Updated on 28 Feb 2023)

Bank NameWeightage
HDFC Bank28.86%
ICICI Bank24.42%
Kotak Bank10.27%
Axis Bank9.79%
State Bank of India9.39%
IndusInd Bank5.94%
Bank of Baroda2.50%
AU Small Finance Bank2.41%
Federal Bank2.31%
Bandhan Bank1.48%
IDFC First Bank1.40%
Punjab National Bank1.23%

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.


Abheey

Abheey is a financial market enthusiast with 5 years of experience in Trading Stocks. He is an expert in simplifying financial concepts with data visualizations that helps people to create wealth.

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