What's new in 2023 Nifty
The NIFTY 50 is a benchmark Indian stock market index that represents the weighted average of 50 of the largest Indian companies listed on the National Stock Exchange. Nifty 50 is owned and managed by NSE Indices, which is a wholly owned subsidiary of the NSE Strategic Investment Corporation Limited
Bank-Nifty
The Bank Nifty index is calculated based on the market capitalization-weighted methodology, which means that the performance of larger banking companies has a more significant impact on the index's movements. The Bank Nifty index typically includes banking and financial companies such as commercial banks, private sector banks, public sector banks, and other financial institutions. It serves as a barometer of the overall health and performance of the banking sector in the Indian stock market.
Who is winning the race in market
Company's annual revenue growth of 24.43% outperformed its 3 year CAGR of 13.22%. (Source: Consolidated Financials) Company has spent 2.23% of its operating revenues towards interest expenses and 2.83% towards employee cost in the year ending 31 Mar, 2023. (Source: Consolidated Financials)