cnx bank index

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CNX Bank IndexBANK Nifty SparklinesThe Indian banking Industry has been undergoing major

changes, reflecting a number of underlying developments.

Advancement in communication and information technologyhas facilitated growth in internet-banking, ATM Network,

Electronic transfer of funds and quick dissemination of

information. Structural reforms in the banking sector have

improved the health of the banking sector. The reforms

recently introduced include the enactment of the Securitization

Act to step up loan recoveries, establishment of asset

reconstruction companies, initiatives on improving recoveries

from Non-performing Assets (NPAs) and change in the basis of

income recognition has raised transparency and efficiency in

the banking system. Spurt in treasury income and

improvement in loan recoveries has helped Indian Banks torecord better profitability. In order to have a good benchmark

of the Indian banking sector, India Index Service and Product

Limited (IISL) has developed the CNX Bank Index.

CNX Bank Index is an index comprised of the most liquid and

large capitalised Indian Banking stocks. It provides investors

and market intermediaries with a benchmark that captures the

capital market performance of Indian Banks.The index will

have 12 stocks from the banking sector which trade on the

National Stock Exchange.

Market Representation

1. CNX Bank Index represent about 14.66% of the free

float market capitalization of the stocks listed on NSE

and 84.66% of the free float market capitalization of the

stocks forming part of the banking sector universe as on

June 30, 2011.

2. The total traded value for the last six months of all the

CNX Bank Index constituents is approximately 14.11%

of the traded value of all stocks on the NSE and 82.90%

of the traded value of the stocks forming part of the

banking sector.

Methodology

The index is a free float market capitalization weighted index

with base date of January 01, 2000, indexed to a base value of

1000.

Selection Criteria
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Selection of the index set is based on the following criteria:

1. Company's market capitalisation rank in the universe

should be less than 500

2. Company's turnover rank in the universe should be lessthan 500

3. Company's trading frequency should be at least 90% in

the last six months.

4. Company should have a positive networth.

5. A company which comes out with a IPO will be eligible

for inclusion in the index, if it fulfills the normal eligiblity

criteria for the index for a 3 month period instead of a 6

month period.

List of CNX Bank Index Stocks |Daily Values

Other IISL IndicesIndicesAn Index is used to give information about the price

movements of products in the financial, commodities or any

other markets. Financial indexes are constructed to measure

price movements of stocks, bonds, T-bills and other forms ofinvestments. Stock market indexes are meant to capture the

overall behaviour of equity markets. A stock market index is

created by selecting a group of stocks that are representative

of the whole market or a specified sector or segment of the

market. An Index is calculated with reference to a base period

and a base index value.

Stock market indexes are useful for a variety of reasons. Some

of them are :

They provide a historical comparison of returns onmoney invested in the stock market against other forms

of investments such as gold or debt.

They can be used as a standard against which to

compare the performance of an equity fund.

It is a lead indicator of the performance of the overall

economy or a sector of the economy

Stock indexes reflect highly up to date information

Modern financial applications such asIndex Funds,

Index Futures,Index Optionsplay an important role in

financial investments and risk management
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Top

BANK NIFTY Index Constituent Stocks

CompanyCurr.

val(Rs.)

Chg(%

)MCap(Cr) P/E

P/B

V

EV/EBIDT

A

St Bk of India1,887.3

50.82

119,844.8

4

17.2

80.00 17.07

HDFC Bank 470.65 0.75110,052.0

9

26.2

14.16 19.25

ICICI Bank 879.85 2.34101,387.7

6

18.5

81.80 17.68

Axis Bank1,086.5

5-0.62 44,800.63

12.4

82.25 17.96

Kotak Mah. Bank 473.90 0.58 35,009.8439.6

24.97 21.58

Punjab Natl.Bank 980.75 -0.52 31,071.14 6.95 1.47 16.07

Bank of Baroda 765.30 1.16 30,174.25 6.82 1.37 16.64

Canara Bank 451.15 0.24 19,985.95 5.35 1.07 14.95

Bank of India 330.45 0.61 18,058.43 7.92 1.10 17.62

Union Bank (I) 251.85 2.21 13,205.25 6.79 1.14 16.03

IDBI Bank 104.45 -0.76 10,284.25 5.93 0.79 13.51

Oriental Bank 299.15 -1.06 8,728.00 5.84 0.83 13.64
http://www.nseindia.com/content/indices/ind_cnxbank.htm#tophttp://www.nseindia.com/content/indices/ind_cnxbank.htm#tophttp://www.indiainfoline.com/Markets/Company/State-Bank-of-India/500112http://www.indiainfoline.com/Markets/Company/State-Bank-of-India/500112http://www.indiainfoline.com/Markets/Company/HDFC-Bank-Ltd/500180http://www.indiainfoline.com/Markets/Company/HDFC-Bank-Ltd/500180http://www.indiainfoline.com/Markets/Company/ICICI-Bank-Ltd/532174http://www.indiainfoline.com/Markets/Company/ICICI-Bank-Ltd/532174http://www.indiainfoline.com/Markets/Company/Axis-Bank-Ltd/532215http://www.indiainfoline.com/Markets/Company/Axis-Bank-Ltd/532215http://www.indiainfoline.com/Markets/Company/Kotak-Mahindra-Bank-Ltd/500247http://www.indiainfoline.com/Markets/Company/Kotak-Mahindra-Bank-Ltd/500247http://www.indiainfoline.com/Markets/Company/Punjab-National-Bank/532461http://www.indiainfoline.com/Markets/Company/Punjab-National-Bank/532461http://www.indiainfoline.com/Markets/Company/Bank-of-Baroda/532134http://www.indiainfoline.com/Markets/Company/Bank-of-Baroda/532134http://www.indiainfoline.com/Markets/Company/Canara-Bank/532483http://www.indiainfoline.com/Markets/Company/Canara-Bank/532483http://www.indiainfoline.com/Markets/Company/Bank-of-India/532149http://www.indiainfoline.com/Markets/Company/Bank-of-India/532149http://www.indiainfoline.com/Markets/Company/Union-Bank-of-India/532477http://www.indiainfoline.com/Markets/Company/Union-Bank-of-India/532477http://www.indiainfoline.com/Markets/Company/IDBI-Bank-Ltd/500116http://www.indiainfoline.com/Markets/Company/IDBI-Bank-Ltd/500116http://www.indiainfoline.com/Markets/Company/Oriental-Bank-of-Commerce/500315http://www.indiainfoline.com/Markets/Company/Oriental-Bank-of-Commerce/500315http://www.indiainfoline.com/Markets/Company/Oriental-Bank-of-Commerce/500315http://www.indiainfoline.com/Markets/Company/IDBI-Bank-Ltd/500116http://www.indiainfoline.com/Markets/Company/Union-Bank-of-India/532477http://www.indiainfoline.com/Markets/Company/Bank-of-India/532149http://www.indiainfoline.com/Markets/Company/Canara-Bank/532483http://www.indiainfoline.com/Markets/Company/Bank-of-Baroda/532134http://www.indiainfoline.com/Markets/Company/Punjab-National-Bank/532461http://www.indiainfoline.com/Markets/Company/Kotak-Mahindra-Bank-Ltd/500247http://www.indiainfoline.com/Markets/Company/Axis-Bank-Ltd/532215http://www.indiainfoline.com/Markets/Company/ICICI-Bank-Ltd/532174http://www.indiainfoline.com/Markets/Company/HDFC-Bank-Ltd/500180http://www.indiainfoline.com/Markets/Company/State-Bank-of-India/500112http://www.nseindia.com/content/indices/ind_cnxbank.htm#top

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