BSE will join the Nifty 50 replacing Wipro in a major index reshuffle, sparking shifts in passive fund flows and broader industry moves, amid sector-specific news and corporate activity across India’s markets.
BSE will join the Nifty 50 on September 30, replacing Wipro in a reshuffle that also lifts the exchange operator into the Nifty Next 50 and sets off broader changes across NSE’s benchmark family. According to The Hindu BusinessLine and market commentary reported by The Economic Times and NDTV Profit, the review is expected to trigger passive fund flows into BSE and out of Wipro, while names such as Polycab India, Hitachi Energy India, Vodafone Idea and Indian Hotels move across the wider indices.
The day also brought fresh attention to India’s technology sector after Tata Consultancy Services said it had received threat-intelligence alerts about a possible leak of basic employee data, while stressing that there was no sign of customer systems, customer data or internal operations being affected. HCLTech issued a separate clarification saying its initial review suggested any exposed employee information may be limited and dated, with no evidence of a breach of company systems or client engagement.
In pharmaceuticals, Lupin said it had secured U.S. Food and Drug Administration approval for sodium zirconium cyclosilicate oral suspension in 5 g and 10 g packets, a generic version of AstraZeneca’s Lokelma used to treat hyperkalaemia in adults. The approval adds to the Indian drugmaker’s U.S. portfolio at a time when generics companies continue to lean on regulated-market launches to support growth.
Corporate activity was busy elsewhere. Lemon Tree Hotels expanded its footprint in Himachal Pradesh and Tamil Nadu through new signings in Mcleodganj and Madurai, while Dilip Buildcon approved the sale of stakes in two project special-purpose vehicles to Alpha Alternatives. Adani Cement Industries commissioned a 1.2 million tonnes a year brownfield grinding unit at Dahej, lifting Ambuja Cements’ consolidated capacity to 110.05 million tonnes a year, and Prestige Estates cleared a framework for CPPIB to invest up to ₹3,000 crore in its hospitality arm. On the order books, BEL added ₹541 crore of defence contracts, RailTel won a ₹119.86 crore postal cloud services mandate, Krystal Integrated Services secured two Maharashtra sewage projects worth ₹740.06 crore, and Zen Technologies landed a ₹295 crore defence simulators order. APAR Industries also launched a ₹2,500 crore qualified institutions placement.
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