The Indian stock market, through the National Stock Exchange (NSE) , offers various equity indices. These indices help track market movements, sectors, themes, and strategies. NSE Indices Limited (formerly IISL) develops and manages them. This guide explains how these indices are structured, how stocks are selected, how reviews happen, and the key indices that shape India's equity landscape. What Are Nifty Indices? Nifty indices are rule-based benchmarks. They cover different parts of the Indian stock market like: Broad market (large-, mid-, small-, and micro-cap) Sectoral (industry-specific) Thematic (focused on trends) Strategy-based (factor-driven) These indices are used by retail investors, mutual funds, and institutions to track performance and build portfolios. 1. Broad Market Indices These indices cover companies of various sizes: Nifty 500 : Top 500 companies by full market capitalization. Nifty 100 : Top 100 large-cap stocks from Nifty 500. ...