- Nifty Bank, commonly called Bank Nifty, is a stock market index launched by the National Stock Exchange (NSE).
- It tracks the performance of 12 of the largest and most actively traded banking stocks in India, including major banks like HDFC Bank, ICICI Bank, SBI, Axis Bank, and Kotak Mahindra Bank.
- This index reflects the strength and trends of the Indian banking sector and often has a big impact on the overall market.
🔑 Key Points:
- Sector-specific index → Only banks are included.
- 12 liquid and large-cap stocks (public + private sector banks).
- Benchmark for traders → Shows how the banking sector is performing.
- Highly volatile → Moves faster than Nifty 50 or Sensex, which makes it popular for intraday and derivatives traders.
✅ In simple words:
Nifty Bank = An index that represents the top 12 banking companies in India. It is widely used by traders to understand and trade the banking sector’s performance.
📖 Source: NSE India – Nifty Bank Index