Impact of NSE Nifty Bank Index on select Banks

Abstract

The banking sector serves as the backbone of financial markets; the banking industry has a direct impact on both the health and growth of the economy. The performance of the banking equities in India is monitored by the Nifty Bank Index, a crucial benchmark on the National Stock Exchange (NSE), with an emphasis on both the individual and collective contributions to the index’s performance and the larger financial market, this study explores the relationship and influence of listed banks within the Nifty Bank Index. The research identifies significant banks that have an excessive effect on market sentiment and index movements.