Bank Nifty

Bank Nifty is an index of the National Stock Exchange of India (NSE) that comprises the most liquid and large capitalized banking stocks listed on the NSE. The index tracks the performance of the banking sector in India and is one of the most widely followed and traded indices in the Indian stock market 

The Bank Nifty index includes 12 banking stocks

including 

State Bank of India,

 ICICI Bank, 

HDFC Bank, 

Axis Bank, 

Kotak Mahindra Bank, 

and others. 

These banks are among the largest and most influential in the Indian financial system, and their performance is considered to be a barometer of the overall health of the Indian economy.

The Bank Nifty index is calculated using the free float market capitalization method, where the market capitalization of each stock is multiplied by the number of shares available for trading in the market. The index is also calculated in real-time during market hours, and the value of the index changes constantly as the prices of the constituent stocks fluctuate.

Bank Nifty futures and options contracts are also available for trading on the NSE, providing investors with an additional tool to manage their exposure to the banking sector and to hedge against market volatility.