NSE Introduces Nifty Waves Index to Track Media, Gaming & Entertainment Sectors

The National Stock Exchange (NSE) has launched the Nifty Waves Index, a groundbreaking initiative aimed at tracking the performance of 43 listed companies within the media, entertainment, and gaming industries. This index is set to provide invaluable insights into one of India's most vibrant and rapidly evolving sectors.

India's Creative Economy on the Global Stage

With the Indian media and entertainment industry undergoing significant transformation, the Nifty Waves Index emerges as a critical tool for measuring success and fostering innovation. "India's next significant export is its imagination – our stories, music, innovation, and creative spirit," remarked Devendra Fadnavis, Chief Minister of Maharashtra, highlighting the index's role in bridging cultural heritage with digital future.

Index Mechanics and Future Prospects

The weight of each stock in the index is determined by its free float market capitalisation, with a 5 percent cap. Set with a base date of April 1, 2005, and a base value of 1,000, the index will undergo semi-annual reconstitution and quarterly rebalancing. Ashishkumar Chauhan, MD & CEO of NSE, emphasized the index's potential to unlock the full potential of India's creative economy.