Nifty Bank: relative strength and momentum
Sector. Compared with Nifty 500 TRI.
As of 2026-10-23, Nifty Bank has an ArthaNiti relative-strength score of 69 out of 100 (strong) against Nifty 500 TRI, in the Pulling ahead phase (gaining on the benchmark, and faster); the score moved +9 points in four weeks. Returns use ETF NAV.
1 week−2.8%
1 month−2.1%
3 months−4.2%
6 months−0.5%
1 year−3.8%
3 years, a year+8.2%
5 years, a year+6.5%
Volatility, 1 year16.8%
Worst fall, 1 year−18.4%
Above 200-day averageNo
What is inside Nifty Bank: holdings and weights
Nifty Bank holds 14 stocks; the top 10 make up 88% of the index. 36% of its stocks trade above their 200-day average.
- 5 of 14 stocks (36%) are above their 200-day average — narrow participation.
- The index is strong but few stocks are carrying it: leadership is narrow, so a fall in the top names would hurt quickly.
- Top 10 stocks are 88% of the index; half the weight sits in 4 stocks.
- Biggest 1-month driver: ICICI Bank Ltd. (+4.1%).
| Stock | Industry | Weight | 3 months | Momentum score |
|---|---|---|---|---|
| HDFCBANK HDFC Bank Ltd. | Financial Services | 18.61% | −7.3% | 26 |
| ICICIBANK ICICI Bank Ltd. | Financial Services | 14.18% | −2.8% | 66 |
| KOTAKBANK Kotak Mahindra Bank Ltd. | Financial Services | 10.20% | +12.3% | 78 |
| AXISBANK Axis Bank Ltd. | Financial Services | 10.06% | −0.4% | 57 |
| SBIN State Bank of India | Financial Services | 9.93% | −5.3% | 58 |
| FEDERALBNK Federal Bank Ltd. | Financial Services | 6.56% | −3.8% | 83 |
| INDUSINDBK IndusInd Bank Ltd. | Financial Services | 4.97% | −17.0% | 51 |
| AUBANK AU Small Finance Bank Ltd. | Financial Services | 4.85% | −4.7% | 59 |
| IDFCFIRSTB IDFC First Bank Ltd. | Financial Services | 4.54% | −9.5% | 59 |
| BANKBARODA Bank of Baroda | Financial Services | 3.59% | −5.0% | 43 |
ETFs that track Nifty Bank
| ETF | NSE symbol | Expense ratio | Tracking diff, 1 yr | AUM |
|---|---|---|---|---|
| Nippon India ETF Nifty Bank BeES | BANKBEES | 0.21% | -0.27% | ₹7,917 Cr |
| SBI Nifty Bank ETF | SETFNIFBK | 0.22% | -0.26% | ₹3,515 Cr |
| Axis Nifty Bank ETF | AXISBNKETF | 0.25% | -0.30% | ₹293 Cr |
| Edelweiss Nifty Bank ETF | EBANKNIFTY | 0.82% | -0.30% | ₹3 Cr |
| Aditya Birla Sun Life Nifty Bank ETF | ABSLBANETF | 0.16% | -0.21% | ₹2,356 Cr |
| Mirae Asset Nifty Bank ETF | BANKETF | 0.17% | -0.16% | ₹317 Cr |
| HDFC Nifty Bank ETF | HDFCNIFBAN | 0.17% | -0.23% | ₹2,031 Cr |
| Kotak Nifty Bank ETF | BANKNIFTY1 | 0.17% | -0.21% | ₹4,125 Cr |
| UTI Nifty Bank ETF | BANKBETA | 0.20% | -0.23% | ₹2,878 Cr |
| DSP Nifty Bank ETF | BANKADD | 0.17% | -0.18% | ₹421 Cr |
| Bajaj Finserv Nifty Bank ETF | BANKBETF | 0.14% | -0.16% | ₹384 Cr |
| ICICI Prudential Nifty Bank ETF | BANKIETF | 0.17% | -0.22% | ₹2,438 Cr |
| Baroda BNP Paribas Nifty Bank ETF | BBNPNBETF | 0.52% | -0.22% | ₹4 Cr |
| Invesco India Nifty Bank ETF | – | 1.44% | – | ₹6 Cr |
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