Bank Nifty
Bank Nifty is an index that is made up of 12 of the biggest banking stocks.
Stocks like HDFC Bank, ICICI Bank, SBI, Kotak Bank, Axis Bank, and 7 others are part of it.
Why is this index so important?
Banking companies are some of the biggest companies in India.
If you look at any large cap mutual fund's holdings, you'll notice that most of them have a higher allocation towards banking and financial stocks.
Similarly, many individual investors and traders put large portions of their money in the banking sector.
For such people, Bank Nifty is a useful index.
