Bank nifty relative change

General
1

I have been searching in vain for the following information:

  1. How much Bank Nifty will change for a one Rupee change in ICICI share price , other cotributing banks’ share value remaining unchanged ?
  2. Likewise for HDFC Bank as well ?

Can someone please give at least approximate value in the above cases ?

2

You might want to checkout the calculation given at the end of the article. The free float values are available on NSE’s website.

-Neha (vrdnation.com)

3

ESTIMATED Calculations =

BANKNIFTY VALUATION = 26,767

ICICI WEIGHTAGE ON BANKNIFTY = 16.58 %

ICICI SHARE VALUE = 301.45

ICICI CONTRIBUTION ON BANKNIFTY = 26,757 * 16.58 / 100 = 4404.80

1 INR of ICICI on BANKNIFTY = 4404.80 / 301.45 = 14.61

1 INR OF ICICI SHARE HOLDS 14.61 POINTS ON NIFTY

Likewise calculate for HDFC.

HDFC Weightage = 35.77% on BANKNIFTY

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4

Thank you very much.

5

Latest weightage for a quick reference:

image

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