National Stock Exchange of India (NSEI.NS) said on Monday exchange operator BSE (BSEL.NS) will replace information technology company Wipro (WIPR.NS) in its benchmark Nifty 50 (.NSEI) index effective September 30.
BSE has been added to the Nifty 50 as its six-month average free-float market capitalization was at least 1.5 times that of the index's smallest constituent Wipro, NSE said.
The change was announced as part of a semi-annual index review by the NSE.
The rejig comes as investors weigh AI-related risks to Indian IT service exporters and Indian households continue to move more of their savings into financial markets.
Changes to the Nifty 50 are closely watched as passive funds with about $97 billion of assets under management track the 50-stock index as of May 31, according to NSE data.
The index represents the 50 biggest companies in India based on average free-float market capitalization in the past six months, with trading liquidity criteria also applied before inclusion.
BSE's shares closed 4% higher earlier in the day, taking its gains so far in 2026 to around 37%. In contrast, Bengaluru-based Wipro fell 1.1% on Monday and is down 29.5% for the year.
