BSE is set to replace Wipro in the Nifty 50 from September 30, reflecting a significant shift driven by strong performance and investor sentiment, with potential passive inflows of hundreds of millions of dollars.
BSE is set to join the Nifty 50 from September 30, replacing Wipro in one of the biggest changes to India’s benchmark equity index in the latest semi-annual review announced by the National Stock Exchange of India. The reshuffle underscores how sharply investor sentiment has diverged between the exchange operator and the technology group over the past six months.
According to the NSE’s index methodology, Nifty 50 constituents are chosen largely on the basis of average free-float market capitalisation, alongside liquidity standards. Reuters reported that BSE’s six-month average free-float market value was at least 1.5 times that of Wipro, the smallest current member of the index, which made BSE eligible for inclusion.
The move comes after a powerful rally in BSE shares this year, helped by strong trading activity and growth in derivatives volumes. Moneycontrol said BSE’s stock has surged sharply in 2026, while Wipro has lagged badly as India’s IT sector faces slower demand and growing concern about the longer-term impact of artificial intelligence on traditional services work. Analysts have also pointed to rising retail participation as a further support for BSE.
The change matters beyond symbolism because the Nifty 50 is widely tracked by passive funds. NSE data cited in the reports showed that passive strategies with about $97 billion in assets tracked the index as of May 31, which means any addition can trigger buying from index-linked investors, while any exit can force sales. ET Now and other market reports said BSE could attract several hundred million dollars in passive inflows once the rebalancing takes effect, although the precise figure will depend on the index-tracking assets in motion at the time.
For Wipro, the removal reflects more than just a poor share-price run. It also highlights the pressure on Indian IT exporters as investors reassess growth prospects in a market increasingly shaped by digital transformation, automation and AI. For BSE, by contrast, entry into the Nifty 50 marks a milestone that reinforces the company’s standing after a year of exceptional market performance.
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