Difference between NIFTY and Bank NIFTY – Current Nifty 50 & Bank NIFTY Stocks Weightage 2022

In the latest ongoing series of educating newbies about terminologies and their difference with closely related terms. We will cover the Difference between NIFTY and Bank NIFTY. In our previous article, we already discussed Nifty so will just brief the same and will share the point of difference between both these terms. Let’s begin then!

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What is the Difference between NIFTY and Bank NIFTY?

Nifty represents an index consisting of the 50 most liquid and large-cap stocks from the National Stock Exchange. Nifty has got stock from varied sectors like IT, Automobile, Bank, Pharma, etc. Collectively it indicates the performance of stock from all major industries. On the other hand, Nifty Bank has only banking sector stock which is part of NIFTY50. It is also referred to as a sectoral index. In case investors like to track the performance of a particular index, especially banking then they can prefer NIFTY BANK for choosing the right stock pick.

Also Read RBI RDG Account – Buy & Sell G-Secs, Bonds, T-bills, and State Development Loans

NIFTYBANK NIFTY
Consists of the top 50 stocks of the bluechip companyIt consists of the top 12 stocks of only the banking sector
Represent the performance of the overall economyIndicates only Banking Sector performance
Symbolizes the overall index thus diversifying your riskIt is quite volatile as it’s a sectoral index
Less risky as compared to Bank NiftyIt is quite risky as tracking the performance of the Banking sector only.
In case looking to invest in index funds, then NIFTY is a better optionIn case looking for intraday trading to book short term profits, then Bank Nifty will have an edge

Example

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Here is the exhaustive list of NIFTY & Bank NIFTY STOCKS:

Current Nifty 50 Stocks Weightage 2022

Also Read Sovereign Gold Bond: Best Returns on Gold Investment

Company NameWeightage
Reliance Industries Ltd.11.92%
Infosys Limited9.15%
HDFC Bank Ltd.8.45%
ICICI Bank Ltd.6.65%
Housing Development Fin. Corp. Ltd.£5.67%
Tata Consultancy Services Ltd.5.08%
Kotak Mahindra Bank Limited3.38%
ITC Ltd.2.88%
Larsen and Toubro Ltd.2.8%
Axis Bank Ltd.2.63%
Bajaj Finance Ltd.2.54%
State Bank of India2.48%
Hindustan Unilever Ltd.2.4%
Bharti Airtel Ltd.2.34%
Asian Paints Limited1.82%
HCL Technologies Ltd.1.62%
Titan Company Ltd.1.39%
Tata Steel Ltd.1.38%
Bajaj Finserv Ltd.1.35%
Maruti Suzuki India Limited1.32%
Sun Pharmaceutical Industries Ltd.1.3%
Tech Mahindra Ltd.1.22%
Wipro Ltd.1.15%
Hindalco Industries Ltd.1.09%
Tata Motors Ltd.1.02%
Mahindra & Mahindra Ltd.1.01%
UltraTech Cement Limited1%
Power Grid Corporation of India Ltd.0.97%
JSW Steel Ltd.0.93%
NTPC Limited0.84%
Grasim Industries Ltd.0.82%
Nestle India Ltd.0.81%
Indusind Bank Ltd.0.8%
Oil & Natural Gas Corporation Ltd.0.78%
Divis Laboratories Ltd.0.74%
Adani Ports & Special Economic Zone0.73%
Cipla Ltd.0.69%
Dr Reddys Laboratories Ltd.0.68%
HDFC Life Insurance Company Limited0.66%
SBI Life Insurance Company Ltd.0.65%
Bajaj Auto Limited0.62%
Tata Consumer Products Limited0.61%
Apollo Hospitals Enterprise Ltd.0.6%
UPL Ltd.0.56%
Britannia Industries Ltd.0.5%
Coal India Ltd.0.5%
Bharat Petroleum Corporation Ltd.0.45%
Eicher Motors Ltd.0.45%
Shree Cement Ltd.0.42%
Hero MotoCorp Ltd.0.39%

Bank NIFTY

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CompanyMarket Price(Weightage)
HDFC Bank Ltd₹1374.35(1.48%)
ICICI Bank Ltd₹762.35(0.9%)
State Bank of India₹516.3(1.37%)
Kotak Mahindra Bank Ltd₹1760.85(2.3%)
Axis Bank Ltd₹801.8(0.89%)
IndusInd Bank Ltd₹989.25(1.72%)
Bank of Baroda₹113.9(1.15%)
Bandhan Bank Ltd₹336.4(4.13%)
AU Small Finance Bank Ltd₹1435.05(1.04%)
Punjab National Bank₹35.95(0.7%)

Also Read RBI Bonds 2021 or Floating Rate Savings Bonds

This list keeps on changing semi-annually based on averages on six months’ data. Even though the Nifty index only represents 50 of the 1600 businesses listed on the NSE, it accounts for up to 66 percent of the NSE’s float-adjusted market capitalization (float-adjusted means when an index considers only the shares that are available for investors and not held by other companies or government). As a result, it is thought to be a true reflection of the Indian stock market.

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