COMPARE NIFTY 50 PERFORMANCE
Introduction:
The Nifty Bank (NIFTY BANK) is one of the most widely followed indices in the Indian stock market. It is a market-capitalization-weighted index of 51 stocks from the banking sector. The index is designed to reflect the performance of the banking sector in the Indian economy. In this article, we will compare the performance of NIFTY BANK with other indices, including Nifty Midcap 100, Nifty NEXT 50, and Nifty 100.
Key Statistics:
- Nifty Bank Index: 30,436.60 (as of Current Date)
- Market Capitalization: ₹15,443,220 Crore (as of Current Date)
- Sector: Banking
- Index Weightage: Market-Capitalization Weighted
- Index Base Date: Base Date
Performance Comparison:
Figure 1: NIFTY BANK vs. Nifty Midcap 100
| Index | Close | Return |
|---|---|---|
| NIFTY BANK | 30,436.60 | 1.23% |
| Nifty Midcap 100 | 24,529.30 | 0.93% |
As shown in Figure 1, Nifty Bank has outperformed Nifty Midcap 100 by a wide margin. The former has returned 1.23% in the given period, while the latter has returned 0.93%.
Figure 2: NIFTY BANK vs. Nifty NEXT 50
| Index | Close | Return |
|---|---|---|
| NIFTY BANK | 30,436.60 | 1.23% |
| Nifty NEXT 50 | 13,940.40 | 0.60% |
As shown in Figure 2, Nifty Bank has outperformed Nifty NEXT 50 by a significant margin. The former has returned 1.23%, while the latter has returned 0.60%.
Figure 3: NIFTY BANK vs. Nifty 100
| Index | Close | Return |
|---|---|---|
| NIFTY BANK | 30,436.60 | 1.23% |
| Nifty 100 | 24,202.00 | 0.74% |
As shown in Figure 3, Nifty Bank has outperformed Nifty 100 by a smaller margin. The former has returned 1.23%, while the latter has returned 0.74%.
Conclusion:
In conclusion, Nifty Bank has outperformed other indices, including Nifty Midcap 100, Nifty NEXT 50, and Nifty 100, with lower volatility and higher returns. Investors can consider investing in Nifty Bank for its relatively stable and high-growth prospects.
Questions:
- Is Nifty Bank a good investment option for investors?
- How has Nifty Bank performed compared to other indices?
- What are the key characteristics of Nifty Bank?
Answers:
- Nifty Bank can be a good investment option for investors, given its relatively stable and high-growth prospects.
- Nifty Bank has outperformed other indices, including Nifty Midcap 100, Nifty NEXT 50, and Nifty 100, with lower volatility and higher returns.
- Nifty Bank is a market-capitalization-weighted index of 51 stocks from the banking sector, designed to reflect the performance of the banking sector in the Indian economy.
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