BSE to Replace Wipro in Nifty 50

$BSE BSE Limited has received a major boost after NSE announced that BSE will replace Wipro in the Nifty 50 index. The change is scheduled to take effect from September 30. BSE shares gained around 4% after the announcement, while Wipro came under pressure. The inclusion reflects BSE’s stronger free-float market capitalisation compared with Wipro. The move could increase institutional interest in BSE because passive funds tracking the Nifty 50 may need to adjust their holdings. BSE’s inclusion also highlights the growing importance of India’s exchange and capital-market businesses. The stock is therefore likely to remain in focus in the coming sessions