BSE replaces Wipro in Nifty 50 after semi-annual review
BSE was added to India’s Nifty 50 after the semi-annual index review based on six-month average free-float market capitalization, meeting the threshold versus the index’s smallest constituent Wipro, the NSE said. Passive funds track the index, with about $97 billion in AUM as of May 31. BSE shares rose 4%, while Wipro fell 1.1% and is down 29.5% year-to-date.