What is the Bank Nifty Index?

Bank Nifty aka Nifty Bank is an Indian stock market benchmark index, it tracks down the performance of 12 biggest private and public sector banks in India.

When was Banknifty formed?

BankNifty was formed by National Stock Exchange of India (NSE) in 2003. It provides free float movement of the performance of the bank listed under this index.

How Banknifty Index is Calculated?

Banknifty price is calculated on the method of Free Float Market Capitalization, It reflects the total free float value of banks listed under Niftybank.