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NSE Launches Nifty Waves Index With 43 Listed Media Stocks
The Daily Guardian
|May 03, 2025
NSE has unveiled an index comprising as many as 43 listed companies in the media, entertainment, and gaming industry at the ongoing WAVES 2025 summit in Mumbai.
At the World Audio Visual and Entertainment Summit (WAVES), Maharashtra Chief Minister Devendra Fadnavis launched the Nifty Waves Index.
With a diverse ecosystem spanning film, television, digital platforms, music and gaming, the Indian media and entertainment industry is undergoing a dynamic transformation, blending creative innovation with rapid technological adoption.
The weight of each stock in the Nifty Waves Index is based on free float market capitalization subject to a cap of 5 per cent. The base date for the index is April 01, 2005, and the base value is 1000. The index will be reconstituted semiannually and rebalanced on a quarterly basis, NSE said in a statement.
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