Apart from Nifty, what other indexes are candidates for index funds, index futures and index options?
Dollar Nifty (Nifty re-expressed in dollars) is an interesting index, one that reflects the combination of movements of Nifty and fluctuations of the exchange rate. Nifty Junior is the second-tier of fifty large, liquid, stocks; they are the best stocks in terms of liquidity and market capitalisation which did not make it into Nifty. The construction of Nifty and Nifty junior is done in such a way that no stock will ever figure in both indexes.