The National Stock Exchange (NSE) on May 2 launched the #NiftyWavesIndex , which would track the performance of stocks that represent the Indian media, entertainment and gaming industry. The index was launched at the World Audio Visual & Entertainment Summit (WAVES) 2025 which is being held at the Jio World Centre in Mumbai from May 1 to May 4.

Maharashtra CM Devendra Fadnavis rang the symbolic NSE bell at the summit, signalling the launch of the index. NSE Managing Director and CEO Ashish Kumar Chauhan among others were also present at the launch ceremony.