Nifty Waves Index Launched by NSE for Media and Gaming
Why in the news
The National Stock Exchange unveiled a thematic benchmark for the media, entertainment and gaming space at the WAVES summit in Mumbai, reflecting rising investor interest in these industries.
Key facts
- Name: Nifty NSE Waves Index, a thematic index.
- Number of constituents: 43 listed companies.
- Weight cap: 5% per stock, to spread exposure.
- Launched at the World Audio Visual and Entertainment Summit (WAVES), Mumbai.
| Sample constituents |
|---|
| Nazara Technologies |
| PVR Inox |
| Zee Entertainment |
| Saregama India |
| Network18 Media and Investments |
Significance
- Offers a yardstick for how India’s fast-changing digital entertainment economy is performing.
- Fits the market trend toward thematic investing in niche, high-growth areas such as gaming, OTT, music and media.
Exam angle
- Launched by: National Stock Exchange (NSE).
- Sectors covered: media, entertainment and gaming.
- Maximum weight of one stock: 5%; companies in the index: 43.