How to calculate Bank Nifty?
Bank Nifty and How it is calculated? Bank Nifty holds and represents 12 most liquid and large capitalized stocks from the banking sector which trade on the National Stock Exchange (NSE) . It also provides investors and market intermediaries a benchmark that captures the capital market performance of the country’s banking sector. However, the market rallied 40 percent in March, which was backed largely by liquidity and the hope of re-opening of economies globally after stringent lockdowns. The Nifty Auto index gained 45 percent from its lows. The market value is of built resistance On Thursday, 25th June 2020, the shares closed slightly lower. The International Monetary Fund predicted the Indian economy may shrink by 4.5% this year. The NSEI ended at 0.16% to 10,288.90. The BSESN dropped 0.1% to 34,842.10. The Nifty 50 index has risen to about 37% after 4 years of hitting low. The economy saw foreign investment in the c