BSE set to replace Wipro in NIFTY50 from September 30; know key details

Shares of BSE Ltd are expected to be on investors' radar on Tuesday, August 11, as the National Stock Exchange (NSE), in its press release on Monday, said that the Index Maintenance Sub-Committee (Equity) of NSE Indices Ltd has decided to make replacements of stocks in various indices as part of its periodic review.

These changes shall become effective on September 30, 2026 (close of business on September 29, 2026).

The most prominent change is the rejig in the coveted NIFTY50 index. The stock exchange announced that, as of September 30, BSE will be part of the NIFTY50 index, replacing the IT services firm Wipro.

What the NSE said

• BSE Ltd. (average free-float market capitalisation ₹1,40,879 crore) has been included in the NIFTY50 index as the 6-month average free-float market capitalisation of the company within the eligible universe is at least 1.5 times the 6-month average free-float market capitalisation of the smallest constituent, i.e., Wipro Ltd. (average free-float market capitalisation ₹55,930 crore).

• Next two eligible companies, namely TVS Motor Company Ltd. (₹84,566 crores) and Divi’s Laboratories Ltd. (₹82,930 crore), were not considered for inclusion in the NIFTY50 index as the average free-float market capitalisation of two NIFTY50 constituents with the lowest average free-float market capitalisation (after exclusion of the company in NIFTY50 listed above) namely HDFC Life Insurance Company Ltd. (₹65,666 crore) and Tata Consumer Products (₹73,054 crore) was less than 1.5 times the 6-month average free-float market capitalisation.

• Stocks that are available for trading in NSE’s Futures & Options segment are only eligible for inclusion in the index.

The above replacement will also be applicable to the NIFTY50 Equal Weight index.

The NIFTY50 Equal Weight Index tracks the same 50 companies as the NIFTY50, but gives each stock an equal weight of 2%, instead of weighting companies based on their free-float market capitalisation.

NIFTY500 index

As part of the latest index rejig announced by the NSE, 27 stocks will be added to the NIFTY500 index, including Vedanta Aluminium Metal Ltd., Vedanta Iron and Steel Ltd., Vedanta Oil and Gas Ltd., and Vedanta Power Ltd.

Other stocks on the inclusion list include Azad Engineering, Cupid Ltd, Aether Industries Ltd, Avanti Feeds Ltd., and Central Mine Planning & Design Institute Ltd. (CMPDI).

Meanwhile, 27 stocks will be excluded from the NIFTY500 index, including Aditya Birla Fashion and Retail Ltd., Aditya Birla Lifestyle Brands Ltd., Bikaji Foods International Ltd., Chalet Hotels Ltd., Pfizer Ltd., Sapphire Foods India Ltd., and Saregama India Ltd., among others.

The changes will be effective from September 30, 2026, following the close of trading on September 29.