NSE launches Nifty Waves Index, tracks 43 media and entertainment companies Tezzbuzz  |  04/05/2025 21:24:50

The National Stock Exchange (NSE) has launched a new thematic index named the Nifty Waves Indexdesigned to track the performance of 43 listed companies from India’s media and entertainment industry.

The Nifty Waves Index is designed to track the performance of India’s media, entertainment, and gaming companies. The index, launched on April 30, 2025, comprises 43 listed entities and is weighted based on free-float market capitalizationwith a stock cap of 5% to prevent concentration risk.

According to NSE, the base date for the index is April 1, 2005with a base value of 1000. It is reconstituted semi-annually and rebalanced quarterly.

Key Highlights:

  • Tracks 43 companies from the Indian media and entertainment landscape.

  • All Indian-listed or permitted-to-trade stocks on the NSE from relevant sectors are eligible.

  • Weight of each stock is based on free-float market cap, capped at 5% max.

  • Aims to provide exposure to one of India’s fastest-growing and most disruptive industries.

India’s digital and content economy is booming, fueled by OTT expansion, gaming adoption, rising internet penetration, and evolving media consumption habits. The Nifty Waves Index provides a structured opportunity for investors and fund managers to participate in this trend.

Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.

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