Bank Nifty Index is an index comprised of the most liquid and large capitalized Indian Banking stocks. The Index has 12 stocks
from the banking sector, which trade on the National Stock Exchange (NSE).

Bank Nifty is mainly used by Traders in Futures and Options and knowing its constituents and their weightage can be very helpful. Below's the table with data as on May 2013.

Top 10 constituents by weightage
Company’s NameWeights(%)
ICICI Bank Ltd 28.75
HDFC Bank Ltd 27.30
State Bank of India 12.75
Axis Bank Ltd 9.77
Kotak Mahindra Bank Ltd 5.86
IndusInd Bank Ltd 4.03
Yes Bank Ltd 2.72
Bank of Baroda 2.71
Punjab National Bank 2.28
Bank of India 1.35


As you can see above, its the private sector banks which hold the major weightage than the PSU ones. ICICI, HDFC, Axis and Kotak are the major movers in Bank Nifty.

You can get the current and more details at http://www.nseindia.com/content/indi...d_cnx_bank.pdf

Happy Trading

Watch the Below Video for Intra-Day Options Strategy on Bank Nifty