BSE replaces Wipro in Nifty 50 from September 30

BSE Limited

enters the Nifty 50 on September 30, replacing Wipro Limited following the index’s semi-annual review. The change is based on the companies’ six-month average free-float market capitalisation. BSE’s average was reported at ₹1,40,879 crore, compared with ₹55,930 crore for Wipro. Wipro moves to the Nifty Next 50. Index-tracking funds will adjust their holdings to reflect the revised index composition. This may affect trading activity around the effective date, but index inclusion does not directly change a company’s revenue, profit or cash flow. What I’m watching: Trading volumes around the rebalancing and how both stocks perform after the index change takes effect. Disclosure: This post is for educational purposes only and is not investment advice or a buy/sell recommendation. Disclose any holding or interest before publishing.