India's benchmark Nifty 50 index is undergoing a significant reshuffle, with exchange operator BSE Ltd. replacing IT services giant Wipro, effective September 30, 2026.
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⏳ Time Machine
How today’s news fits into the bigger picture
April 22, 1996
Nifty 50 Index Launched
The Nifty 50 index was officially launched with a base value of 1,000, establishing itself as a key benchmark for the Indian equity market and including Wipro among its initial constituents.
April-Sept 2013
Wipro Briefly Excluded from Nifty
Wipro was briefly removed from the Nifty 50 index following the demerger of its non-IT businesses, but it was re-included in September 2013, demonstrating its ability to regain benchmark status.
November 2024
BSE's Shares Surge Over 2,600%
Over the last five years leading up to its index inclusion, BSE's shares experienced a remarkable surge of over 2,600%, driven by strong growth in trading volumes and market participation.
May 31, 2026
Passive Funds Track $97 Billion
As of this date, passive funds tracking the Nifty 50 index totaled approximately **$97 billion**, highlighting the massive capital that will be reallocated due to index changes.
August 10, 2026
NSE Announces Nifty Rebalancing
NSE Indices officially announced the inclusion of BSE Ltd. and the exclusion of Wipro Ltd. from the Nifty 50, as part of its semi-annual review, with an effective date of September 30, 2026.
Today
Exchange operator BSE Ltd. is set to replace IT services firm Wipro in the Nifty 50 benchmark index.
What happens next?
Index-tracking funds will adjust their portfolios by buying BSE shares and selling Wipro shares, with changes effective September 30, 2026.
The National Stock Exchange (NSE) announced on Monday, August 10, 2026, that BSE Ltd. will be included in its benchmark Nifty 50 index, replacing IT firm Wipro. This major change, effective September 30, 2026, marks Wipro's exit after a long tenure in the index. BSE's inclusion is primarily due to its significantly higher six-month average free-float market capitalization. This rebalancing is expected to trigger substantial passive fund flows, with BSE anticipating inflows of around $741 million and Wipro facing outflows of approximately $246 million.
💭 If you're wondering…
It refers to the value of a company's shares that are freely available for public trading, excluding those held by promoters, government entities, or other locked-in shareholders. It's a key metric for index eligibility.
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