BSE set to enter Nifty 50
What's the story
India's oldest stock exchange, BSE Ltd, is likely to be included in the Nifty 50 Index during its September 2026 rebalancing. The inclusion could see IT giant Wipro Ltd being ousted from the index. This is according to an analysis by Janaghan Jeyakumar of Quiddity Advisors. The change is based on BSE's Average Float Market Cap (AFMC), which currently exceeds Wipro's AFMC by over 1.5 times.
Market trends
BSE's stock has gained over 63% in the last year
BSE's stock has been one of the best-performing financial stocks in India, gaining over 63% in the last year. The surge is attributed to a sharp increase in trading volumes, growing retail participation, and a revival of its derivatives business. On the other hand, Wipro has lost over 25% in the same period due to a general slowdown in technology stocks and fears of artificial intelligence disruption.
Index overhaul
Nifty 100 index set for 5 additions and deletions
The broader Nifty 100 index is also set for major changes, with five additions and five deletions expected. The expected additions are BSE, Hitachi Energy India, Polycab India, Vodafone Idea, and Bharat Heavy Electricals. The stocks likely to exit the index are Macrotech Developers, Shree Cement, Indian Hotels, REC and Zydus Lifesciences.
Index transition
Changes expected in Nifty Next 50 as well
The Nifty Next 50, which includes all Nifty 100 stocks except those in the Nifty 50, will also see five changes as a direct result of the Nifty 100 overhaul. The one-way flow for this index is estimated at $310 million. A separate weight-capping rebalance for the Nifty Next 50 is scheduled in June 2026, but no additions or deletions are expected at that time.