Latest news with #NiftyWaves
Business Standard
05-05-2025
- Business
- Business Standard
Nifty Waves Index unveiled at WAVES 2025 by Maharashtra CM Devendra Fadnavis
NSE Indices, a subsidiary of the National Stock Exchange (NSE), launched the Nifty Waves Index on 2 May 2025. The index includes 43 listed companies from the media, entertainment, and gaming sectors, reflecting the evolving dynamics of Indias creative economy. The index was officially launched at the World Audio Visual & Entertainment Summit (WAVES) 2025 in Mumbai by the Chief Minister of Maharashtra, Devendra Fadnavis. WAVES 2025, promoted by the Ministry of Information and Broadcasting (Government of India) and inaugurated by Prime Minister Narendra Modi, serves as a premier platform for dialogue, collaboration, and innovation within the Media & Entertainment industry. Indias Media & Entertainment sectorspanning film, television, music, digital platforms, and gamingis experiencing a significant transformation, driven by technological advancement and creative innovation. The Nifty Waves Index is weighted by free-float market capitalization, with each stock capped at 5%. The base date for the index is 1 April 2005, and the base value is 1,000. It is reconstituted semi-annually and rebalanced quarterly. All Indian-domiciled companies listed or permitted to trade on the NSE are eligible for inclusion. As of 30 April 2025, the index recorded a -26.08% total return over the past year, with a 4.04% CAGR since inception. Key constituents of the index include: Nazara Technologies (5.23%), Zee Media Corporation (5.15%), Zee Entertainment Enterprises (5.14%), Hathway Cable & Datacom (5.07%) and TV Today Network (5.07%). Ashishkumar Chauhan, MD & CEO, National Stock Exchange of India commenting on the Nifty Waves index said, 'We are proud to introduce the Nifty Waves index, designed to provide deep insights into the performance of one of Indias most dynamic sectors. It offers us a benchmark to understand market trends and unlock the full potential of Indias creative economy.'
India.com
02-05-2025
- Business
- India.com
Nifty Waves Index Launched At Waves 2025 To Track Media, Gaming And Entertainment Sector
Mumbai: The National Stock Exchange (NSE) on Friday launched a new stock market index called the 'Nifty Waves Index' to track the performance of companies in the media, entertainment and gaming industry. As per NSE's factsheet, the Nifty Waves Index includes 43 companies, all from the media, entertainment and publication sectors. These sectors together hold 100 per cent weight in the index. The base value of the index has been set at 1,000. The launch took place during the World Audio Visual and Entertainment Summit (WAVES) 2025, which is being held in Mumbai from May 1 to May 4. Speaking at the event, NSE MD and CEO Ashish Kumar Chauhan said, 'Nifty Waves now consists of 43 companies, but over a period it could become 10 or hundred times more going forward.' Nifty Waves Index launched Aims to track Media, Entertainment & Gaming industry Top Constituents — Equity Insights Elite (@EquityInsightss) May 2, 2025 'It offers us a benchmark to understand market trends and unlock the full potential of India's creative economy," Chauhan added. Maharashtra Chief Minister Devendra Fadnavis also expressed his happiness over 'WAVES 2025' being hosted in Mumbai. "India's next significant export is its imagination -- our stories, music, innovation, and creative spirit. Through WAVES, we are building a bridge between our rich cultural heritage and our boundless digital future,' Fadnavis stated. He said, 'I am very delighted that 'WAVES 2025' was organised here. Maharashtra government has signed many MoUs and the most important ones are with NSE.' He added that the launch of the Nifty Waves Index has provided us with a tool to measure success in this field and inspire many more entrepreneurs. According to the NSE, to ensure balance, each stock's weight in the index is capped at 5 per cent and the weight of each stock in the index is determined based on its free-float market capitalisation. Additionally, the index is reconstituted twice a year and rebalanced every quarter.
NDTV
02-05-2025
- Business
- NDTV
Nifty Waves Index Launched To Track Media, Entertainment And Gaming Industry
Mumbai: The National Stock Exchange (NSE) on Friday launched a new stock market index called the 'Nifty Waves Index' to track the performance of companies in the media, entertainment and gaming industry. As per NSE's factsheet, the Nifty Waves Index includes 43 companies, all from the media, entertainment and publication sectors. These sectors together hold 100 per cent weight in the index. The base value of the index has been set at 1,000. The launch took place during the World Audio Visual and Entertainment Summit (WAVES) 2025, which is being held in Mumbai from May 1 to May 4. Speaking at the event, NSE MD and CEO Ashish Kumar Chauhan said, "Nifty Waves now consists of 43 companies, but over a period it could become 10 or hundred times more going forward." "It offers us a benchmark to understand market trends and unlock the full potential of India's creative economy," Mr Chauhan added. Maharashtra Chief Minister Devendra Fadnavis also expressed his happiness over 'WAVES 2025' being hosted in Mumbai. "India's next significant export is its imagination -- our stories, music, innovation, and creative spirit. Through WAVES, we are building a bridge between our rich cultural heritage and our boundless digital future," D Fadnavis stated. He said, "I am very delighted that 'WAVES 2025' was organised here. Maharashtra government has signed many MoUs and the most important ones are with NSE." He added that the launch of the Nifty Waves Index has provided us with a tool to measure success in this field and inspire many more entrepreneurs. According to the NSE, to ensure balance, each stock's weight in the index is capped at 5 per cent and the weight of each stock in the index is determined based on its free-float market capitalisation. Additionally, the index is reconstituted twice a year and rebalanced every quarter.
