The company should have a listing history of 6 months. The company's trading frequency should be at least 90% in the last six months. Companies should form a part of the Banking sector. Companies should form part of NIFTY 500 at the time of review. Eligibility Criteria for Selection of Stocks in the Bank Nifty index:.What is the eligibility for selection in Bank NIFTY?.The purpose of the NIFTY Bank Index is to provide investors and market intermediaries a benchmark that captures the capital market performance of public-sector and private-sector Indian bank stocks.What is the purpose of the NIFTY Bank Index?.The base year is taken as January 1, 2000, and the base value is taken as 1000. The NIFTY Bank Index was launched in the year 2000.When was the NIFTY Bank Index launched?.The NIFTY Bank Index has gained significance due to the high weightage of financials in the index. The index is calculated using the free float weighted method and has twelve stocks from the banking sector. It comprises the most liquid Indian banking stocks and is the second most tracked index after the Nifty index. NIFTY Bank or Bank NIFTY is an index focused solely on the banking sector.
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