Need a bit help in understanding how to calculate Bank Nifty % change from its underlying companies

Not an expert and not sure this will answer your query, however, just stating it

Please have a look at this site from money control. It has a field called contribution. When I add the contribution, I get the total of -276.54. This is exactly -0.73% as of Jan 21.

How exactly the contribution is calculated, I tried to search the net to find out but could not. Hope some experts will give a reply.

There is another post similar to this and this too remain inconclusive…

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