Today’s article is going to be very beneficial for all of you and for those who like to trade and do business in trading, it is going to be very informative How is that because in today’s article we will tell you about such a trading whose name is Bank Nifty, so if you also want to know about it, then read this article till the end.
People must have come to know about the appointment in the stock market. For your information, let us tell you that Nifty comes in the top 50 companies of India And when we hear the name of Nifty, then the name of Bank Nifty is heard again and again, so what is this Bank Nifty, let us know in detail.
What Is Bank Nifty?
For your information, let us tell you that Bank Nifty is an index of India’s 12 biggest trusted 1 banks, by looking at this it can be told that how high and how low is the banking sector today Only by looking at Bank Nifty, you can find out whether there is growth or loss in the banking sector in today’s era. Bank Nifty is mostly used in trading.
Bank Nifty is that when there is a movement in the price of the stock, then in Bank Nifty, the share prices of banks go up and down very fast and taking advantage of this, traders do intraday trading Book profit and loss by selling the stock through. We all know that trading is not an easy thing, in this you have to bear the risk, so it is the same in Bank Nifty, it also depends on risk management, so you have to choose the right trading Strategy must be learned first.
When was bank Nifty Started?
If we talk about the introduction of Bank Nifty, then it was in the year 2000 that IISL i.e. Indian Intex Service Product Limited started Bank Nifty index in the stock market At that time only 12 banks were included in Bank Nifty and today it is still the same at 12.
Which Bank Accounts are Included in Bank Nifty?
By the way, there are many big banks in India, but there are 12 bank accounts with maximum market capitalization and volume inside Bank Nifty, so let’s know their names.
- HDFC BANK
- ICICI BANK
- AXIS BANK
- STATE BANK OF INDIA
- KOTAK MAHINDRA BANK
- INDUSIND BANK
- BANDHAN BANK
- FEDERAL BANK
- IDFC FIRST BANK
- BANK OF BARODRA
- PUNJAB NATIONAL BANK
All these come in the list of largest banks in India because to be included in Bank Nifty, banks must have Significant Capital and Volume.
Why Bank Nifty was created?
If we talk about why Bank Nifty was created, then the top 50 companies in Nifty are from different sectors, it is not that only IT sector companies come in them And either only Banks come or oil companies are also included in it, then it means to say that all the different sector companies are mixed in Nifty while only banks are also included in Bank Nifty. Why Bank Nifty was created we can track the growth performance and progress of only banks.
We hope that this article of ours will prove to be very informative for you, if you like the information given by our today’s article, then definitely share it further and comment in the comment box given below.