Mumbai, May 2 -- The National Stock Exchange (NSE) on Friday launched the Nifty Waves Index, which comprises 43 listed companies from sectors such as media, entertainment, gaming, film, television, digital platforms, and music.

"This index will give investors an idea as to what's happening to India's creative economy," NSE MD & CEO Ashishkumar Chauhan toldMint on the sidelines of the launch event. The index captures the strong growth potential across digital and creative industries - areas that are rapidly becoming key pillars of India's economic story, he added.

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The index has a base date of 1 April 2005, with a base value of 1000, according to a relea...