India’s oldest stock exchange, BSE Ltd, will enter the NSE’s benchmark Nifty 50 index, replacing IT major Wipro Ltd. The exclusion and inclusion is the part of the semi-annual index rebalancing. The changes will come into effect from September 30, 2026.
The BSE stock enters the Nifty 50 index after its six-month average free-float market capitalisation stood at Rs 1,40,879 crore.
This is at least 1.5 times the six-month average free-float market capitalisation of the smallest constituent in the eligible universe, Wipro, whose average free-float market capitalisation stood at Rs 55,930 crore, according to the NSE release in August this year.
Nifty constitutes 50 biggest companies in India based on average free-float market capitalisation in the past six months, with trading liquidity criteria also applied before inclusion.
BSE's shares were trading 2% higher at Rs 3157 in the current session, taking its gains so far in 2026 to around 20%. In contrast, Bengaluru-based Wipro fell 1.43% on Tuesday and is down 40% for the year.
The review also evaluated other potential candidates, including TVS Motor Company and Divi’s Laboratories, whose average free-float market capitalisations stood at Rs 84,566 crore and Rs 82,930 crore, respectively.
However, neither stock qualified for inclusion. The key reason was that the average free-float market capitalisation of the two smallest Nifty 50 constituents following Wipro’s exclusion — HDFC Life Insurance Company and Tata Consumer Products — fell short of the prescribed 1.5-times eligibility threshold.
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