Now Reading: BSE to replace Wipro in Nifty50 from September 30, shares jump
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BSE to replace Wipro in Nifty50 from September 30, shares jump
The Story in Brief
The Story in Brief
BSE Ltd will replace Wipro in the Nifty50 index from September 30, 2026, after the latest semi-annual review by NSE Indices. Wipro, part of the benchmark for nearly three decades barring a brief exclusion in 2013, saw its six-month average free-float market capitalisation fall to Rs 55,930 crore. BSE’s average free-float market cap stood at Rs 1,40,879 crore, well above the 1.5-times threshold required to replace the lowest-ranked constituent. Other contenders TVS Motor and Divi’s Laboratories were not selected as the next-lowest Nifty50 stocks did not meet the threshold. The reshuffle will be effective from the close of trading on September 29. Following the announcement, BSE shares jumped over 3% on Monday.
The Indian Opinion
Many will see Wipro’s exit as a fall from grace and BSE’s entry as a triumph. But this is a mechanical reshuffle based on free-float market capitalisation, not a judgement on either company. Wipro remains a large IT firm, and BSE’s growth is real. The real test is whether Wipro can regain its market cap position in the next semi-annual review. Can it close the gap with the lowest-ranked constituents?
Sources (2): ndtvprofit.com, indiatoday.in
This story was synthesised by AI from the 2 sources linked above. Methodology and corrections.
Updated: this story now draws on 2 sources.
Ashin Xavier: interesting
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