Home / Business and Economy / BSE Joins Nifty 50, Set to Replace Wipro
BSE Joins Nifty 50, Set to Replace Wipro
10 Aug
Summary
- BSE stock surged as it prepares to join the Nifty 50 index.
- The exchange operator will replace Wipro in the prestigious index.
- BSE's Q1FY27 net profit rose 9.7% to Rs 874 crore.
BSE Ltd.'s stock price has surged, reaching an intraday high of 3.41% on the NSE. This significant movement is attributed to the exchange's impending entry into the Nifty 50 index, replacing Wipro Ltd. The inclusion is scheduled as part of the semi-annual index rejig in September 2026.
Analysts anticipate substantial inflows into BSE's stock following the reclassification. This anticipated move from the Nifty Midcap 150 to the Nifty 100 is supported by a sharply higher free-float market capitalization. In the first quarter of fiscal year 2027, BSE reported a 9.7% increase in net profit, amounting to Rs 874 crore.
Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.
