Story thread · 2 reports / 2 sources
BSE set to enter Nifty 50 from tomorrow, IT major Wipro to exit. What shareholders must know?
economictimes.indiatimes.com · 7h · first report
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Across 2 sources · syndicated copies counted once
India’s oldest stock exchange, BSE Ltd., is set to enter the NSE’s benchmark Nifty 50 index, replacing IT major Wipro Ltd. as part of the semi-annual index rebalancing. The changes will take effect from September 30, 2026.BSE has been included in the Nifty 50 after its six-month average free-float market capitalisation came in at Rs 1,40,879 crore. This is at least 1.5 times the six-month average free-float market capitalisation of the smallest constituent in the eligible universe, Wipro, whose average free-float market capitalisation stood at Rs 55,930 crore, according to the NSE release in August.The inclusion is also expected to trigger sizable passive fund flows into BSE. Axis Capital estimates that BSE could see inflows of $657 million, with index funds likely to buy 15.7 million shares.Wipro, meanwhile, could face outflows of $225 million, translating into selling of around 114.2 million shares by index funds. Wipro shares have remained under pressure, declining 14% over the last
The coverage
- BSE to replace Wipro in Nifty 50 index from September 30: All you need to know
businesstoday.in · 4h
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