What Are The Types Of Stock Market Indices?

There are different types of stock market indices based on the

kind of stocks taken into account to create the index. Here’s a
closer look at some of the most common types of indices:

Benchmark indices such as BSE Sensex and NSE Nifty

Broader indices such as Nifty 50 and BSE 100
Indices created based on the market capitalization of companies,
such as BSE Midcap and BSE Smallcap
Sector-specific indices like Nifty FMCG, Nifty Bank Index, CNX
IT, and S&P BSE Oil and Gas
A Closer Look At The Two Benchmark Indices In The Indian
Stock Market
India’s stock markets have two benchmark indices - BSE Sensex
and NSE Nifty.

S&P BSE Sensex:

Sensex is a blend of the words sensitive and index. It was
introduced in 1986 and is the oldest in India. The BSE Sensex
consists of the top 30 largest and most frequently traded stocks
listed in the Bombay Stock Exchange (BSE).

CNX NIFTY (NIFTY 50):

Also known as the NSE Nifty, this share market index consists of
the top 50 largest and most frequently traded stocks within the
NSE. First created in 1996, NSE NIFTY is owned and maintained
by India Index Services & Products Limited (IISL), which is a
joint-venture organization between an Indian credit rating agency