Shares of BSE Ltd rose sharply as traders anticipate the exchange operator’s possible promotion to the Nifty 50 index in September 2026, potentially triggering significant passive inflows and affecting Wipro’s position.
BSE Ltd shares climbed sharply on Monday as traders positioned for the exchange operator’s possible entry into the Nifty 50, a move that would likely come at Wipro Ltd’s expense in the September 2026 index review. NDTV Profit reported that the stock rose as much as 3.41% to ₹3,575 on the NSE before trimming some of those gains, while the benchmark Nifty edged only slightly higher.
The rally has been fuelled by expectations that BSE’s free-float market value has now reached the level needed for promotion from the Nifty Midcap 150 into the Nifty 100 and then the Nifty 50, according to Nuvama Alternative & Quantitative Research. Nuvama analysts Abhilash Pagaria and Anisha Gupta said the reshuffle could trigger about $741 million of inflows into BSE, alongside outflows of $246 million from Wipro. Other brokerages have put the likely passive inflow closer to $639 million to $657 million, underscoring that the eventual impact will depend on the final index methodology and implementation details.
A separate note from Axis Capital, reported by The Economic Times, said the changes are expected to be announced in August and take effect from September 30, 2026. That report said the Nifty 50 would see one replacement, while the broader reshuffle would also affect the Nifty Next 50, with no changes expected in Bank Nifty. Nuvama said BSE fits the current rules for inclusion, although it added that TVS Motor could be the fallback candidate if the Nifty Indices Committee changes the methodology.
Investors have also been encouraged by BSE’s operating performance. The company reported first-quarter net profit of ₹874 crore, up 9.7% from a year earlier, while revenue was broadly flat at ₹1,566 crore. EBITDA rose 1% to ₹1,072 crore and the margin improved to 68.4% from 67.9%. The stock has already gained 36% this year and 49.5% over the past 12 months, after being supported by stronger trading volumes, rising retail participation and brisk activity in derivatives, especially weekly Sensex options, according to market reports.
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