BSE replacing Wipro in Nifty-50: What it means for shareholders?

BSE Ltd is set to join the Nifty 50 index, replacing Wipro Ltd, as part of NSE Indices' semi-annual review. The change will take effect after market hours on September 29, 2026, and will be effective from September 30, 2026. The Index Maintenance Sub-Committee (Equity) of NSE Indices Ltd approved the addition of BSE after assessing eligible companies based on their average free-float market capitalisation.

BSE is expected to surpass Wipro in average free-float market capitalisation, with BSE at ₹1,40,879 crore and Wipro at ₹55,930 crore. BSE's inclusion was validated by the six-month average free-float market capitalisation being at least 1.5 times that of the smallest constituent eligible for replacement. TVS Motor Company and Divi’s Laboratories, the next candidates, were not chosen due to their lower average free-float market capitalisation.

Only companies listed on the NSE Futures and Options segment qualify for inclusion in the Nifty 50 index. This move will also impact the Nifty 50 Equal Weight index. Wipro will join the Nifty Next 50 index, while BSE's entry into the Nifty 50 could lead to increased demand for BSE shares, higher trading volumes, and improved liquidity.

Additionally, global investors tracking the Nifty 50 may start paying closer attention to BSE. For Wipro, its removal from the Nifty 50 may result in selling of its shares by index funds and ETFs, potentially causing short-term downward pressure on the stock. However, Wipro will not lose business fundamentals and can still recover if its earnings improve, as it will join the Nifty Next 50 index.