What is BANKNIFTY

  • BANKNIFTY is an Indian stock Market Index which is considered as a benchmark for the Indian banking sector.

It’s constituents and types of contracts to trade

BANKNIFTY is made up of top 12 highly liquid and large-cap stocks of banking sector trading inside the NATIONAL STOCK EXCHANGE.

How can you trade in BANKNIFTY

NSE India provides you two derivative products under BANKNIFTY

  1. BANKNIFTY futures contract
  2. BANKNIFTY Options contract

If you have a derivatives trading account with a stockbroker, you can also buy and sell BANKNIFTY products.

List of all NSE companies inside BANKNIFTY index

As said earlier in this post, BANKNIFTY index is made of top 12 banking sector stocks traded inside NSE.

We call it “the spread of BANKNIFTY” ( Constituent ).

Below you can see all 12 banking stocks from which BANKNIFTY spot value is derived.

AXISBANK

BANKBARODA

FEDERALBNK

HDFCBANK

ICICIBANK

IDFCBANK

INDUSINDBK

KOTAKBAK

PNB

RBLBANK

SBIN

YESBANK

BANKNIFTY derivative contracts lot size

Lot size of BANKNIFTY futures and options contract is “20”.

This lot size can change if exchange wants to change it. For current lot size information of BANKNIFTY and its constituents stocks check here.

BANKNIFTY history

  • Derivatives contract in BANKNIFTY was introduced on June 13, 2005.
  • On Dec 11, 2007, BANKNIFTY crossed 10000 mark for the first time.
  • Jan 23, 2015, BANKNIFTY crossed 20,000 mark.

Difference between the term “BANKNIFTY” and “NIFTYBANK”

NSE has named the underlying spot from which derivatives contracts value is derived aS NIFTYBANK.

All the derivatives under NIFTYBANK will be termed as BANKNIFTY followed by contract types and expiry dates.

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