BSE to replace Wipro in India's benchmark Nifty 50 index
National Stock Exchange of India said on Monday exchange operator BSE will replace information technology company Wipro in its benchmark Nifty 50 index effective September 30. BSE has been added to the Nifty 50 as its six-month average free-float market capitalization was at least 1.5 times that of the index’s smallest constituent Wipro, NSE said. The change was announced as part of a semi-annual…
The National Stock Exchange of India announced on Monday that BSE will replace Wipro in its benchmark Nifty 50 index, beginning September 30. BSE's inclusion was determined by its six-month average free-float market capitalization being at least 1.5 times that of Wipro, the smallest constituent in the Nifty 50, according to NSE.
The decision was part of a semi-annual index review by NSE. The reshuffle comes as investors consider AI-related risks for Indian IT service exporters, and as households allocate more savings to financial markets. The Nifty 50's changes are closely monitored, as passive funds managing around $97 billion in assets are based on the 50-stock index.
As of May 31, according to NSE data. Despite easing US rate concerns and domestic earnings, Indian shares remained relatively muted amid oil price worries. BSE's shares finished 4% higher earlier in the day, marking a 37% gain for the year, whereas Wipro declined by 1.1% on Monday and has lost 29.5% so far in 2026.
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Also reported by 2 other outlets
- BSE to replace Wipro in Nifty 50 index economictimes.indiatimes.com
- Why BSE shares falling as Wipro set to replace it in Nifty 50 thehindubusinessline.com
