What is Bank Nifty?
Bank Nifty is the bank index traded in the F&O segment of NSE. It comprises of most liquid banking stocks listed on NSE. This index provides investors and market intermediaries with a benchmark that captures the capital market performance of Indian Banks. The index have 12 stocks from the banking sector which trade on the National Stock Exchange. Market Representation 1. CNX Bank Index represent about of the free float market capitalization of the stocks listed on NSE and of…