02-05-2025
Check list of 43 companies included in NSE Nifty Waves Index
By Aditya Bhagchandani Published on May 2, 2025, 14:05 IST
The National Stock Exchange (NSE) has launched the Nifty Waves Index, a thematic index designed to track the performance of stocks from the Indian media, entertainment, and gaming industry. The index includes 43 companies selected based on their relevance to these sectors and their free float market capitalization.
Here are the 43 companies included in NSE's newly launched Nifty Waves Index: B.A.G. Films and Media Ltd.
Balaji Telefilms Ltd.
Bodhi Tree Multimedia Ltd.
Cineline India Ltd.
Cinevista Ltd.
Ltd.
Den Networks Ltd.
Diligent Media Corporation Ltd.
Entertainment Network (India) Ltd.
Eros International Media Ltd.
GTV Engineering Ltd.
GTPL Hathway Ltd.
Hathway Cable & Datacom Ltd.
Hinduja Global Solutions Ltd.
Hindustan Media Ventures Ltd.
India Today Online Pvt. Ltd.
INOX India Ltd.
Nazara Technologies Ltd.
Network18 Media & Investments Ltd.
Next Mediaworks Ltd.
New Delhi Television Ltd.
Ortel Communications Ltd.
PVR INOX Ltd.
Raj Television Network Ltd.
Radaan Mediaworks India Ltd.
Reliance Broadcast Network Ltd.
Saregama India Ltd.
Sarthak Global Ltd.
Shemaroo Entertainment Ltd.
Siti Networks Ltd.
Sri Adhikari Brothers Television Network Ltd.
Sun TV Network Ltd.
Supershakti Metaliks Ltd.
Take Solutions Ltd.
Tips Industries Ltd.
Tips Music Ltd.
TV Today Network Ltd.
TV Vision Ltd.
TV18 Broadcast Ltd.
V R Films & Studios Ltd.
Vikas Ecotech Ltd.
Vishal Fabrics Ltd.
Zee Entertainment Enterprises Ltd.
Zee Media Corporation Ltd.
Here are the top constituents of the index by weight:
Index highlights: Theme: Tracks Indian media, entertainment, and gaming companies.
Base Date & Value: April 1, 2005 | 1000 points.
Eligibility: Indian-domiciled and NSE-traded (listed or permitted to trade).
Weighting: Based on free float market cap, capped at 5% per stock .
Rebalancing: Quarterly; Reconstitution: Semi-annual.
Governance: Managed under NSE's three-tier structure including advisory and maintenance committees.
The index provides a focused lens for tracking one of India's fastest-evolving sectors and is expected to become a benchmark for sector-specific investment and ETF products.
Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
