Bank nifty index free#

The base date is referred to as the first date from which that index has been tracked, whereas the base value means the value that is assigned to the index on that date. How is Bank Nifty calculated?įor any sort of stock market index calculation, there is a base date and a base value. The NSE keeps a record of the prices and the movements of the bank stocks, and we can find the latest price and the trend of the bnk index from its own website or through our brokers. The value of the bnk symbolizes the bank stocks, and the entire bank nifty index is updated in real-time on a trading day just like other stocks. Not a single bank stock has a weight of more than 30% in the index, whereas the weight of the top three stocks together comprises 62% of the overall index. For example, banks such as Union Bank, IDBI Bank, Central Bank of India, and Maharashtra bank are listed but are not a part of the bank nifty index. However, not all the listed banking companies are a part of the index. Not all banks are listed on the stock exchange, and if the stock is not listed, its price performance cannot be tracked.Only the best-performing, market-leading banking companies are included in the index.There are mainly two reasons for including only 12 stocks in the index. Why are only 12 bank stocks included in the index? There are a total of 12 stocks in this entire banking segment: It comprises the stocks having the highest market capitalization and the highest liquidity quotient.īoth public and private sector banking stocks are included in this sector.

Bank nifty index free#

The Bank Nifty is a stock market index specifically designed to track the banking sector.īank Nifty was created by NSE in September 2003 to have the free flow movement of the capital market performance of one of the critical service sectors of India, i.e., banking. How many stocks from the bank nifty index?Īre bank nifty and S&P BSE Bankex the same?

How is Bank Nifty co-related with S & P BSE Bankex?.

What are the important points to note for BNK?.How frequently is the Bank Nifty calculated?.Why are only 12 bank stocks included in the index?.There are a total of 12 stocks in this entire banking segment:.This signifies that the underlying Bank Nifty index is unlikely to decline to 26,200 levels in the short term. The IV of the option price was at 16.18 per cent indicating substantial demand in the contract. But there was a sizeable addition of OI in the contract. The 26,200 Out-of-the-Money Put option closed at Rs 215, down by Rs 81.20 or 27.40 per cent. With the maximum addition of OI in this contract, we may expect the Bank Nifty index to move above 26,600 levels in the short timeframe. The implied volatility of the option price was relatively higher at 16 per cent. The OI, however, had increased by 144 per cent. In the Put options side, the 26,600 in-the money Put was active and it fell Rs 109.35 or 22.60 per cent to close at Rs 372.85. The IV of the option price was lower at 11.65 per cent, which signifies the underlying Bank Nifty may encounter immediate resistance around this level in case of continuation of this upward trend. The Open Interest in this contract has increased by 5.80 per cent. The option price gained Rs 37.75 to close at Rs 237 on Thursday. The out-of the-money 26,800-Call was another actively traded call option. The Implied Volatility of the option price was comparatively lower at 11.68 per cent. There was an increase of Open Interest positions by 24.50 per cent as traders took fresh positions expecting a further upside from this level. The option price ended at Rs 387.95, gaining Rs 67.20 or 21 per cent. The most active in-the-money call option was 26,500-call on Thursday.

While the Nifty PVT Bank index remarkably rose by 109 points or 0.75 per cent to 15,051 levels, the Nifty PSU Bank index gained 16 points or 0.55 per cent to end at 2,970.10 levels. The contract is trading at a premium of 38 points to its underlying Bank Nifty index. The Bank Nifty Futures June contract advanced 164 points to close at 26,555 levels. The market rallied higher following positive reports of steady progress of monsoon across the country. The Bank Nifty index moved up sharply on Thursday.