NSE Launches Nifty Waves Index to Track Media and Entertainment Sector

The National Stock Exchange of India (NSE) has unveiled a new thematic index known as the Nifty Waves Index. This strategic move is designed to reflect the performance of 43 publicly listed entities operating within the country’s diverse and rapidly evolving media and entertainment industry.

Composition Reflects Sectoral Diversity

The Nifty Waves Index encompasses a wide range of constituents representing various verticals of the media and entertainment landscape. These include television broadcasters, film production companies, digital content platforms, music labels, and gaming enterprises. By covering this spectrum, the index offers a comprehensive view of the industry’s market performance.

All Indian-listed stocks on the NSE from relevant sectors are eligible for inclusion. The weight of each stock within the index is determined by its free-float market capitalisation, with an individual cap of 5% to ensure balanced representation.

Benchmark for Focused Investment

This newly introduced index aims to serve as a benchmark for asset managers and investors seeking focused exposure to the dynamic and evolving media and entertainment sector. Its thematic approach is tailored for those tracking industry trends or managing sector-specific investment strategies.

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

Read More: Nifty Waves Index Launched: Top 10 Constituents and Their Weightage.

Conclusion

The launch of the Nifty Waves Index by the NSE marks a significant development in the Indian financial market. It provides a focused lens on one of the most vibrant and fast-changing sectors, reinforcing the growing recognition of media and entertainment as a vital component of the economy.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.