Maharashtra CM launches Nifty Waves Index at WAVES 2025, tracking 43 companies in India’s media, entertainment, and gaming industries.
Maharashtra Chief Minister Devendra Fadnavis today launched the Nifty Waves Index at the World Audio Visual & Entertainment Summit (WAVES) 2025 in Mumbai. The new index will track 43 listed companies in India’s media, entertainment, and gaming industries.
The Nifty Waves Index uses a free float market capitalisation methodology with a 5 per cent cap on individual stocks. Set with a base value of 1000 from April 1, 2005, the index will undergo semi-annual reconstitution and quarterly rebalancing.
“India’s next significant export is its imagination,” said Fadnavis at the launch event. “The Nifty Waves Index will measure success in this field and inspire more entrepreneurs.”
WAVES 2025, inaugurated by Prime Minister Narendra Modi, brings together global industry leaders to discuss challenges and opportunities in the media and entertainment sector. The summit is promoted by the Ministry of Information and Broadcasting.
Ashishkumar Chauhan, MD & CEO of the National Stock Exchange of India, stated that the index would provide “deep insights into the performance of one of India’s most dynamic sectors” and serve as a benchmark for understanding market trends.
The Indian media and entertainment industry continues to transform through creative innovation and technological adoption across film, television, digital platforms, music, and gaming segments.
Published on May 2, 2025