Nifty Bank Index Price & Latest Updates
What is Bank Nifty? The Bank Nifty, also known as the Nifty Bank index, is a benchmark index on the National Stock Exchange (NSE) of India. It comprises the most liquid and large capitalised Indian banking stocks. Essentially, it serves as a barometer for the performance of the banking sector in India, reflecting the collective movement of its constituent banks. Launched on September 15, 2003, with a base date of January 1, 2000, and a base value of 1000, the Bank Nifty has become one of the most actively traded indices in the Indian derivatives market, particularly for futures and options. It offers investors and traders a comprehensive view of the health and sentiment within the financial services sector. More About Bank Nifty The Bank Nifty index is a crucial indicator for various reasons. For starters, the banking sector plays a pivotal role in the Indian economy. Its health directly impacts overall economic growth, liquidity, and investor sentiment. Tracking the Ba...