The National Stock Exchange (NSE) announced that stock exchange BSE will replace IT major Wipro on the benchmark Nifty 50 index, effective September 30. Following Wipro's exit, estimates from Nuvama Institutional Equities project potential capital outflows of approximately $240 million for the company.

NSE noted that BSE was selected because its six-month average free-float market capitalisation was at least 1.5 times that of Wipro, which was the smallest constituent at Rs 55,930 crore. Other eligible candidates, TVS Motor Company and Divi’s Laboratories, were not considered because the average free-float market capitalisations of the next lowest constituents—HDFC Life Insurance Company (Rs 65,666 crore) and Tata Consumer Products (Rs 73,054 crore)—did not meet the required threshold ratio.

Key performance metrics and sectoral trends outlined in the data include:

Wipro Returns: Although Wipro shares gained 5% over the past month, they are down 31% in 2026 so far, down 24% over one year, and have delivered negative returns of over 11% over three years and 39% over five years. IT Sector Index: The Nifty IT index dropped 32% from the start of 2026 to hit a 52-week low of 25,699 on July 1, before recovering 24% to trade near 31,775 on Tuesday; it remains down 16% overall for the year.

Nifty Weightage Shift: The combined weight of India's top five IT companies in the Nifty 50 has fallen below 9% this year—the lowest level since at least 2002—down from a peak of over one-fifth two decades ago. Financials currently lead the gauge with around 36% weight.

Commenting on the shift, Ponmudi R, chief executive of brokerage Enrich Money, noted, " One of the companies that defined India’s outsourcing boom is being replaced by a business benefiting from the financialization of Indian household savings."