Overview

• The Nifty Waves Index, launched by the National Stock Exchange, tracks 43 companies in India's media, entertainment, and gaming industries.
• It uses a free-float market capitalization methodology, capping individual stock weights at 5%, with a base value of 1,000 set on April 1, 2005.
• The index will undergo semi-annual reconstitution and quarterly rebalancing to ensure it reflects the sector's evolving dynamics.
• Maharashtra Chief Minister Devendra Fadnavis inaugurated the index at WAVES 2025 in Mumbai, emphasizing its role in fostering entrepreneurship in the creative sector.
• The initiative highlights the Indian media and entertainment industry’s transformation through creative innovation and technological adoption across various platforms.