Stock exchange BSE Ltd. will join India’s benchmark Nifty 50 index, replacing IT major Wipro Ltd. effective September 30, 2026, according to a semi-annual review notice issued by ndtvprofit.com. The market changes will take effect after trading closes on September 29, 2026, as reported by fortuneindia.com.
BSE to Replace Wipro in Nifty 50 Index in Major Semi-Annual Overhaul
The adjustment marks a historic departure for Bengaluru-based Wipro, which has maintained an almost uninterrupted presence in the Nifty 50 since the index’s inception. Wipro experienced a brief exclusion between April and September 2013 following the demerger of its non-IT businesses, but otherwise remained a constituent for nearly three decades, as detailed by cnbctv18.com. Following its removal from the flagship index, Wipro will transition into the Nifty Next 50.
Market Capitalisation and Qualification Metrics
BSE qualified for the blue-chip index after posting a six-month average free-float market capitalisation of Rs 1,40,879 crore (approximately ₹1.40 trillion). Under index methodology, a replacement candidate must achieve a six-month average free-float market capitalisation at least 1.5 times the average of the smallest constituent being removed. Wipro, the smallest constituent exiting the benchmark, recorded a six-month average free-float market capitalisation of Rs 55,930 crore, according to Rediff Money.
Two other prospective candidates—TVS Motor Company, with an average free-float market capitalisation of Rs 84,566 crore, and Divi’s Laboratories, at Rs 82,930 crore—were not selected for inclusion. NSE Indices noted that these firms failed to meet the required 1.5 times threshold relative to the lowest-ranked existing Nifty 50 constituents, such as HDFC Life Insurance Company (Rs 65,666 crore) and Tata Consumer Products (Rs 73,054 crore). Eligibility rules additionally require candidate stocks to be available for trading in the NSE’s futures and options segment.
Financial Impact and Passive Fund Flows
Brokerage estimates indicate that the index rebalancing will trigger substantial institutional portfolio adjustments. According to Zee Business, Nuvama projected passive inflows of approximately $741 million for BSE and passive outflows of around $246 million for Wipro as index-tracking exchange-traded funds and mutual funds rebalance.
Anticipation of the index inclusion drove market activity prior to the official announcement. BSE shares climbed 4.04% to close at ₹3,596.80, while Wipro shares declined 1.29% to ₹185.11 on the National Stock Exchange.
Broad Rejig Across NSE Indices
The index overhaul extends far beyond the Nifty 50, touching multiple broad-market, sectoral, and strategy benchmarks:
- Nifty 50 Index: BSE replaces Wipro. The substitution also applies directly to the Nifty50 Equal Weight index.
- Nifty 100 Index: BSE, Hitachi Energy India, Polycab India, Vedanta Aluminium Metal, and Vodafone Idea will enter the index. Indian Hotels, Lodha Developers, REC, Shree Cement, and United Spirits will exit.
- Nifty Next 50 Index: Wipro will join alongside Hitachi Energy India, Polycab India, Vedanta Aluminium Metal, and Vodafone Idea, while Indian Hotels, Lodha Developers, REC, Shree Cement, and United Spirits move out.
- Nifty Midcap and Smallcap Indices: BSE will simultaneously exit the Nifty Midcap 150, Nifty Midcap Select, Nifty Midcap 50, and Nifty Midcap 100 indices due to its elevation to large-cap status.
- Nifty 500 Index: Twenty-seven companies are slated for addition and twenty-seven for exclusion, with new entrants including Aether Industries, Avanti Feeds, Azad Engineering, Bharat Coking Coal, Clean Max Enviro Energy Solutions, and Embassy Office Parks REIT. Exclusions feature firms such as 3M India, Aditya Birla Fashion and Retail, Bayer Cropscience, and Blue Dart Express.
- Sectoral Updates: Hyundai Motor India will replace Exide Industries in the Nifty Auto index, and HCL Technologies will replace Persistent Systems in the Nifty Growth Sectors 15 index.
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