Asia's largest stock market, Indian stock market holds a pivotal position in the country's economy. Operating primarily through it is deeply influenced by government policies, global economic trends, corporate performance, and investor sentiment. These factors collectively shape the dynamics of the Indian economy as reflected in the market. Despite periodic fluctuations, the market has witnessed significant growth over the years, attracting both domestic and international investors. It offers diverse investment opportunities across various sectors such as technology, finance, pharmaceuticals, and manufacturing. Regulatory bodies like maintaining transparency and fairness in market procedures. the Indian stock market, conducting research holds significant importance. It serves as the cornerstone for making well-informed decisions, providing insights into market trends, company performance, and economic indicators. Thorough research empowers investors to identify profitable opportunities, mitigate risks, and enhance the long-term growth potential of their portfolios. Moreover, it facilitates understanding and compliance with regulatory changes and market dynamics, enabling investors to stay ahead of the curve. Essentially, research empowers investors in the Indian stock market, instilling confidence, minimizing risks, and maximizing opportunities. The TOPSIS ranking system, augmented with weighted averages and ambiguity comparisons, is commonly utilized. One approach involves addressing uncertainties to diminish ambiguity and adjusting both the weight and character of responses simultaneously. In TOPSIS, multiple responses are employed to adopt a holistic global perspective Mutual Funds, Exchange-Traded Funds (ETFs), Real Estate Investment Trusts (REITs), Gold and Precious Metals, Direct Equity Investments, Derivatives, Fixed Income Instruments, Portfolio Management Services (PMS) and Cryptocurrencies. Market Indices, Risk Management and Investor Sentiment. the Ranking of the Indian Stock Market. Direct Equity Investments got the first rank whereas the Real Estate Investment Trusts (REITs) have the Lowest rank.