NSE Indices has introduced the Nifty500 Equal Weight index as an alternative to the Nifty 500, with equal weighting for all included companies. The index, based on April 1, 2005, with a base value of 1000, will be rebalanced quarterly and reconstituted semi-annually. This move aims to provide a benchmark for asset managers and a reference index for passive funds like ETFs and index funds. Additionally, NSE Indices recently launched the Nifty EV & New Age Automotive index, focusing on the electric vehicle ecosystem and related technology.