BSE set to enter Nifty 50 from tomorrow, IT major Wipro to exit. What shareholders must know?
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 oldest stock exchange in India, BSE Ltd., is set to join the NSE's Nifty 50 index, replacing IT giant Wipro Ltd. This change will occur starting September 30, 2026. BSE was chosen for the entry due to its six-month average free-float market capitalization, which reached Rs 1,40,879 crore – more than double the Rs 55,930 crore average of Wipro.
An expected surge in passive fund investments into BSE is anticipated, with Axis Capital projecting inflows of $657 million. Conversely, Wipro could suffer outflows of $225 million, translating to around 114.2 million shares being sold by index funds. Wipro shares have recently faced decline, losing 14% over the past six months and 40% since the year's start.
Analysts suggest that BSE's entry offers an 'Outperform' potential, with an upside of over 25%, while Jefferies remains cautious with an 'Underperform' rating and around 8% downside potential.
Written by urgent.news from The Economic Times - Top News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 1 other outlet
- BSE shares rise 1.6%, stock to replace Wipro in Nifty 50 reshuffle thehindubusinessline.com
