Nifty Media (NIFTY MEDIA) live share price today at NSE

Nifty Media Index - Brief Introduction

The Nifty Media index is a sectoral index of the National Stock Exchange of India launched on 19th July 2011 with a base value of 1000 and a base date of 10th December 2005.  Nifty Media index comprises a maximum of 15 listed companies representing the Media & Entertainment sector of India. 

The primary objective of the Nifty Media index is to track the overall performance and behaviour of India’s media and entertainment sector and its underlying companies over a period.

The eligible industries of the Nifty Media index include TV Broadcasting & Software Production (44.86%), Film Production Distribution & Exhibition (15.93%), Media & Entertainment (24.15%), Digital Entertainment (12.25%), and Print Media (2.81%). 

As of 30th May 2025, the Nifty Media stocks include equity shares such as Hathway Cable & Datacom Ltd., DB Corp Ltd, TIPS Music Ltd, Network18 Media  & Investment Ltd, and other NSE-listed companies. 

The NSE Indices Limited, a wholly owned subsidiary of the NSE, is responsible for owning and operating the Nifty Media index. NSE Indices conducts timely rebalancing and governance of Nifty indexes to ensure that investors are able to track and analyse the stock market performance in real-time.

Nifty Media Share Price - Formula and Calculation

The Nifty Media index share price is calculated using the free float market capitalisation value, where the weightage of any single stock can not be more than 33%. At any point in time, the index represents the aggregate value of the free float market cap of all its constituents, acting as a measure for analysing the performance of the underlying sector. Read the formula and details below to know more about the Nifty Media share price calculator and formula.

Nifty Media Formula - Current free-float market cap/ (base market capitalisation*base index value)

Here, 

Base index value = 1000

Free float market cap = shares outstanding * IWF * capping factor * price 

Free Float = Shares freely available for trading in secondary markets

IWF = Investible weight factor 

The Nifty Media index is subject to a semi-annual review for which the cut-off dates are 31st January and 31st July each year. Each index review and rebalancing (if any) is undertaken while considering stock selection criteria, which are mentioned further in the article. 

Nifty Media Stocks - Eligibility Criteria

1. Companies should form part of the Nifty 500 at the time of review. In case the number of eligible stocks representing a particular sector within the Nifty 500 falls below 10, then the deficit number of stocks shall be selected from the universe of stocks ranked within the top 800 based on both average daily turnover and average daily full market capitalisation based on previous six months period data used for index rebalancing of Nifty 500.
2. The company must be included in the media sector.  
3. Companies should have a minimum listing history of 1 month as of the cutoff date. 
4. The trading frequency of a potential stock must be at least 90% in the last six months. 
5. The final selection of the Nifty Media shares is based on the free-float market capitalisation. 
6. At the time of rebalancing, the weightage of each stock is capped at 33%, and the cumulative weightage of the top 3 stocks is capped at 62%. 

Nifty Media Index Returns

As of 30th May 2025, the Nifty media price returns for the last 5 years stand at 7.76%, along with a QTD return of 16.00%. On the other hand, the total returns of the index for 5 years are 8.38%, and QTD returns are 16.00%. Since its inception, the index has yielded 2.80% price returns and 3.85% total returns. 

Key Takeaways on Nifty Media Index

• The Nifty Media Index is a thematic index on the National Stock Exchange, launched on 19th July 2011. The index has a base index value and base date of 1000 and 30th December 2005, respectively. 
• The index focuses on tracking the performance and behaviour of the Indian media & entertainment sector over a period. 
• Nifty Media Index includes a maximum of 15 NSE-listed stocks belonging to various sub-sectors of the media industry.
•   The Nifty Media share price is calculated using the free-float market capitalisation, wherein the weightage of each index constituent is capped at 33%.