WHAT IS BANK NIFTY?
N ifty Bank, or Bank Nifty, is an index comprised of the most liquid and large capitalised Indian banking stocks. It provides investors with a benchmark that captures the capital market performance of Indian bank stocks. The index has 12 stocks from the banking sector. The top stocks of the index include HDFC Bank Ltd. 31.61%, ICICI Bank Ltd. 18.20%, Axis Bank Ltd. 13.02%, Kotak Mahindra Bank Ltd. 12.74% and State Bank of India 10.92%. Bank Nifty , like others, is computed using free float market capitalization method. It's index variant includes NIFTY Bank Total Returns Index or Bank Nifty TRI. The index was launched in 2003. The down trend in the market The Indian shares in particular hasrisen as of July2 nd , 2020. This alignment with the regulatory approvals of COVID-19 drug production. Theapprovals single-handedly lifted the pharmaceutical stocks. The clash in China has been putting stress on the stock market as well. Despite this, the NIPHARM stock has surged at aroun