What an Index Represents
An index — like the Nifty 50 or Bank Nifty — tracks the combined performance of a basket of stocks representing a slice of the market (the 50 largest companies, or the major banking stocks, for example). It isn't a fund you can buy directly, but it's the benchmark most funds and stocks are ultimately measured against.
The Index Explorer
QuantLogIQ has a dedicated section for browsing indices, separate from individual stocks, with search to quickly find the one you're after — Nifty 50, Bank Nifty, or a sector-specific index.
Full Charting Support
Every index gets the same Point & Figure chart as any fund or stock — X's and O's, trendlines, and price targets — so you can read an index's trend exactly the way you'd read any other investment's.
Comparing Against an Index
The Compare, Multi-Compare, and RS Matrix tools all work with indices exactly as they do with funds and stocks. This means you can directly test something very useful: chart a fund against its benchmark index and see, via the ratio chart's own signal, whether that fund is currently outperforming or underperforming the market it's meant to beat.
Why This Matters
A fund can be "up" in absolute terms while still lagging its benchmark — comparing against the relevant index is how you tell the difference between genuine outperformance and simply riding a rising market.