Know about ‘BANK NIFTY’

bank nifty tips
              Components of BANK NIFTY according to weight

Indian Banking sector is one of the fastest growing sectors all over the world. S&P estimates that credit growth in Indian’s banking sector would improve 12-13% in FY 16. The sector consists of 26 public sector banks, 25 private sector banks, 43 foreign banks, 56 regional rural banks, 1,589 urban cooperative banks and 93,550 rural cooperative banks, in addition to cooperative credit institutions.
Bank Nifty index of NSE gives the Indian banking sector performance in the capital market to investors and traders. it is also called “NIFTY BANK” was launched by Indian index service and product limited in the year 2000. 12 most large capitalized and liquid banking stocks which trade on NSE are included in the index.