NSE launches Nifty Waves index to track media, gaming & entertainment sector companies performance

The National Stock Exchange (NSE) launched the Nifty Waves Index on Friday, which includes 43 listed companies from the media, entertainment, and gaming industries. The new index aims to provide comprehensive insights into the performance of one of India’s most dynamic sectors.
The Indian media and entertainment industry, encompassing film, television, digital platforms, music, and gaming, is undergoing significant transformation, combining creative innovation with rapid technological advancements.
"India's next significant export is its imagination – our stories, music, innovation, and creative spirit. Through WAVES, we are building a bridge between our rich cultural heritage and our boundless digital future. The launch of the Nifty Waves Index has provided us with a tool to measure success in this field and inspire many more entrepreneurs," said Devendra Fadnavis, Chief Minister of Maharashtra, at the launch of the index during the World Audio Visual & Entertainment Summit (WAVES) 2025.
The weight of each stock in the Nifty Waves Index is determined by its free float market capitalisation, subject to a 5 percent cap. The index’s base date is April 1, 2005, with a base value of 1,000. It will be reconstituted semi-annually and rebalanced on a quarterly basis.
Ashishkumar Chauhan, MD & CEO of NSE, remarked, "The Nifty Waves Index is designed to provide deep insights into the performance of one of India's most dynamic sectors. It offers us a benchmark to understand market trends and unlock the full potential of India's creative economy."