Wednesday, 18 September 2019

What is the difference between nifty and BankNifty?

While both of these are benchmark indices, Nifty covers 13 sectors of the economy in which various companies operate, Bank Nifty is an index for banking sector only.

Nifty has 50 companies as its constituents while Bank Nifty has 13 banking companies in it.
So basically, Nifty gives an overall idea of the market at any given point of time, while Bank Nifty only is concerned with the Banking industry, both private and public sector banks.

No comments:

Post a Comment

We would love to know what you have to say about this information.