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BSE Replaces Wipro in Nifty 50 Index Reshuffle
A stock index is like a list of companies chosen using rules such as size and trading activity.
The list is checked from time to time to keep it up to date.
In this reshuffle, BSE became part of the Nifty 50 and Wipro moved to the Nifty Next 50.
BSE qualified because its average free-float market value was much higher than Wipro’s.
Funds that copy the Nifty 50 may need to buy BSE shares and sell some Wipro shares.
This buying and selling can affect prices around the change.
The effect may become smaller after the funds finish adjusting their holdings.
Joining an index does not guarantee that a stock will rise.
The companies’ business results and the overall market can still have a bigger effect on their prices.
BSE Limited replaced Wipro Limited in the Nifty 50, effective 30 September 2026 after trading ended on 29 September.
BSE’s six-month average free-float market capitalisation was about ₹1,40,879 crore, compared with Wipro’s ₹55,930 crore.
BSE’s inclusion may trigger buying by Nifty 50-tracking passive funds, while Wipro’s exclusion may prompt selling.
Mechanical buying and selling pressure can ease after the reshuffle, and price movements may partly reverse.
Analysts said index membership alone does not determine prices, which also depend on earnings, valuations and market conditions.
- Who
- BSE Limited and Wipro Limited were affected, while passive funds tracking the Nifty 50 may adjust their holdings.
- What
- BSE replaced Wipro in the Nifty 50, and Wipro moved to the Nifty Next 50.
- Where
- The change concerned the Nifty 50 stock-market index.
- When
- The change became effective on 30 September 2026, after trading closed on 29 September.
- Why
- BSE met the index methodology’s free-float market-capitalisation requirement relative to the smallest Nifty 50 constituent, while Wipro no longer met the relative criteria.
Potential Index-Inclusion Benefits
Risks and Limitations
Price impact of inclusion
Potential Index-Inclusion Benefits
BSE’s entry can create forced buying by passive funds that replicate the Nifty 50, potentially supporting its share price.
Risks and Limitations
Index inclusion does not guarantee a gain; weak market conditions or expected further declines can lead investors to sell and offset passive-fund buying.
Price impact of exclusion
Potential Index-Inclusion Benefits
Wipro’s move to the Nifty Next 50 may still attract demand from funds tracking that index, so passive-fund support does not disappear completely.
Risks and Limitations
Wipro’s removal from the Nifty 50 can trigger selling by funds tracking the benchmark, and its technical setup was described as weak.
Meaning of the reshuffle
Potential Index-Inclusion Benefits
The change reflects BSE’s stronger relative free-float market capitalisation and eligibility under the index rules.
Risks and Limitations
The reshuffle is primarily mechanical, not a new fundamental assessment; future performance still depends on earnings, business outlook, valuations and broader market conditions.
Key facts
- Index change
- BSE Limited replaced Wipro Limited in the Nifty 50.
- Effective date
- 30 September 2026, following the close of trading on 29 September.
- BSE free-float market capitalisation
- Approximately ₹1,40,879 crore over six months.
- Wipro free-float market capitalisation
- Approximately ₹55,930 crore over six months.
- Inclusion threshold
- An eligible stock’s six-month average free-float market capitalisation must be at least 1.5 times that of the smallest Nifty 50 constituent.
- Wipro’s new index
- Nifty Next 50.
- Analyst levels
- For Wipro, ₹145 was identified as a potential downside level and ₹170 as a hurdle; for BSE, ₹2,750 and ₹2,500 were downside levels, with ₹3,150–3,200 as an upside hurdle.
Sources
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