What is the New Nifty Waves Index Launched by NSE?
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Synopsis
The launch of the Nifty Waves Index by NSE marks a significant milestone in tracking the media, entertainment, and gaming sectors. With 43 companies included, this index aims to unlock the potential of India's creative economy, providing a benchmark for investors and entrepreneurs alike.
Key Takeaways
- Nifty Waves Index launched by NSE to track key sectors.
- Includes 43 companies from media, entertainment, and gaming.
- Base value set at 1,000.
- Reconstitution occurs twice a year.
- Each stock’s weight capped at 5 percent.
Mumbai, May 2 (NationPress) The National Stock Exchange (NSE) has officially introduced the new stock market index known as the 'Nifty Waves Index', aimed at monitoring the performance of businesses within the media, entertainment, and gaming sectors.
According to the NSE's factsheet, the Nifty Waves Index encompasses 43 companies, all originating from the media, entertainment, and publication industries.
These sectors collectively account for a full 100 percent weight in the index, with a base value established at 1,000.
The unveiling occurred during the World Audio Visual and Entertainment Summit (WAVES) 2025, taking place in Mumbai from May 1 to May 4.
At the event, NSE MD and CEO Ashish Kumar Chauhan remarked, “While the Nifty Waves currently includes 43 companies, it has the potential to grow exponentially in the future.”
“This index serves as a benchmark to comprehend market trends and fully realize the potential of India's creative economy,” Chauhan further commented.
Maharashtra Chief Minister Devendra Fadnavis also shared his enthusiasm regarding the hosting of 'WAVES 2025' in Mumbai.
“India's next major export lies in its creativity—our narratives, music, innovations, and artistic spirit. Through WAVES, we are forging a link between our rich cultural heritage and an expansive digital future,” Fadnavis expressed.
He added, “I am thrilled that 'WAVES 2025' was held here, and the Maharashtra government has established numerous MoUs, notably with the NSE.”
He emphasized that the introduction of the Nifty Waves Index equips us with a tool for measuring success in this sector and motivates many more entrepreneurs.
The NSE noted that to maintain balance, no single stock's weight in the index exceeds 5 percent, with the weighting determined by its free-float market capitalization.
Additionally, the index undergoes reconstitution biannually and is rebalanced quarterly.
Point of View
I believe the introduction of the Nifty Waves Index reflects a strategic move towards recognizing and supporting India's burgeoning creative economy. This initiative not only offers a benchmark for market trends but also encourages innovation and entrepreneurship in key sectors like media and entertainment. The government's involvement further reinforces the importance of this index in shaping India's digital future.
NationPress
17/06/2025
Frequently Asked Questions
What is the Nifty Waves Index?
The Nifty Waves Index is a new stock market index launched by the NSE to track the performance of 43 companies in the media, entertainment, and gaming sectors.
How many companies are included in the Nifty Waves Index?
The Nifty Waves Index currently includes 43 companies.
What is the base value of the Nifty Waves Index?
The base value of the Nifty Waves Index has been set at 1,000.
How often is the Nifty Waves Index reconstituted?
The Nifty Waves Index is reconstituted twice a year and rebalanced quarterly.
What is the weightage cap for individual stocks in the index?
Each stock's weight in the Nifty Waves Index is capped at 5 percent.
