Hello Everyone, In this article we gonna to check the Banknifty High weightage stocks in 2024: Nifty Bank or Bank Nifty is an index that measures the performance of major banking stocks listed on the National Stock Exchange (NSE) in India. Indian bank stocks are very important in this index. The weightage of each stock in Bank Nifty is determined based on its market capitalization. Check out stocks and their ranges on Banknifty. Baknifty index is calculated based on free float Market capitalization method and rebalanced semi annually.
Now check the Fundamentals, Banknifty price to earnings ratio is 15.25, and Price to book ratio is 2.58, Banknifty Dividend yield is 0.83. This three values are most important for doing fundamental analysis. Now we see the Banknifty weightage stocks.
Banknifty High weightage stocks in 2024
| Name | Symbol | Weightage |
| HDFC Bank Ltd | HDFCBANK | 29.70 |
| ICICI Bank ltd | ICICIBANK | 22.79 |
| Axis Bank ltd | AXISBANK | 10.37 |
| Kotak Mahindra Bank ltd | KOTAKBANK | 9.74 |
| State Bank of India | SBIN | 9.30 |
| IndusInd Bank Ltd | INDUSINDBANK | 6.43 |
| Bank of Baroda | BANKBARODA | 2.47 |
| AU Small Finance Ltd | AUBANK | 2.40 |
| Federal bank Ltd | FEDBANK | 2.33 |
| IDFC First Bank Ltd | IDFCFIRSTB | 1.81 |
All these figures are calculated as of Nov 30, 2023. The link for this is available on the NSE WEBSITE which is also given below. For those who trade in nifty bank, just look at the banks above the list
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