List of stocks in Bank Nifty index with weightage

My last article was about weight of stocks in NSE Nifty index, in this article I will tell the weight of stocks in Bank Nifty index. Bank Nifty index is the index traded on NSE based on the prices of 12 banks, below are the stocks along with their weightage, this weight can help us in identifying what would be the direction (Up trend or Down trend) of index if the major banking stocks like SBIN, HDFCBANK or ICICIBANK moves.

State Bank of India 24.89
HDFC Bank 21.64
ICICI Bank 16.44
Kotak Mahindra Bank 7.27
Axis Bank 7.21
Bank of Baroda 4.93
Punjab National Bank 4.50
Bank of India 3.42
Canara Bank 3.16
IndusInd Bank 2.54
Yes Bank 2.01
Union Bank 1.97
In the above list first 5 stocks has the highest weight in bank nifty index, so most of the time trend of these five must be considered as trend of bank nifty index.