About Nifty Capital Markets The Nifty Capital Markets Index is a thematic index that tracks the performance of up to 20 companies from the Nifty 500 Index, selected based on their free-float market capitalization, which are relevant to the capital market sector. The index includes companies from industries such as asset management, exchanges, stockbroking, depositories, clearing houses, financial products distribution, ratings, and other capital market-related services. The index was launched on September 9, 2024, with a base date of April 1, 2019, and a base value of 1000. It is reconstituted semi-annually and rebalanced quarterly. The index serves as a benchmark for asset managers and can be used for launching passive funds like Exchange Traded Funds (ETFs), index funds, and structured products.