Launched on July 19, 2011, Nifty Media is a sectoral market index of the National Stock Exchange (NSE). It features 10 of the top entities in terms of market capitalisation from the media and entertainment sector listed on the NSE.

The Nifty Media stock list contains companies operating in the broadcasting, print media, publishing, film production, and digital content domains. As of November 29, 2024, the top 5 entities in the index and their respective weightage are: Zee Entertainment Enterprises Limited - 24.30%; PVR INOX Limited - 22.26%; Sun TV Network Limited - 13.12%; Network18 Media & Investments Limited - 10.50%; Nazara Technologies Limited - 8.36%.

The index is governed through a three-tier system involving NSE Indices Limited, the Index Advisory Committee (Equity), and the Index Maintenance Sub-Committee. The Nifty Media stock list is reviewed and rebalanced semi-annually on January 31 and July 31.

The company must operate within the media sector and at the time of review, be a part of the Nifty 500 broad market index. If the number of stocks within the media sector in the Nifty 500 is below 10, the deficit shall be filled by selecting media companies from the top 800 stocks in the NSE.

The company must possess a trading frequency of at least 90% in the last six months, and as of the cut-off date, must have a listing history of at least 1 month.

The maximum weightage of each stock in the index is capped at 33%. Additionally, the weightage of the top 3 stocks in the index is also restricted to 62%.

Here, the base market cap represents the free-float market capitalisation of all of the index's constituents on the base date of December 30, 2005. The base index value is set at 1,000.

The Nifty Media index's value is calculated on a real-time basis, with the index being rebalanced semi-annually to ensure it accurately represents the Indian media and entertainment sector.