Shares of BSE Limited surged more than 4% during Tuesday’s trading session after a brokerage report suggested the stock exchange operator could soon be included in the benchmark Nifty 50 index.
BSE shares climbed 4.32% intraday to Rs 4,298 apiece before trimming some gains. By 11:02 a.m., the stock was still trading 3.44% higher, outperforming the broader market. Meanwhile, the Nifty 50 index was up 0.45%.
Axis Capital Predicts BSE’s Entry Into Nifty 50
According to a report by Axis Capital, BSE is likely to be included in the Nifty 50 during the upcoming index reshuffle scheduled for September 2026.
The brokerage expects BSE to replace Wipro in the benchmark index.
“The NSE indices rebalancing announcement is due in the second half of August, effective from September 30, 2026,” Axis Capital said in its report.
The brokerage added that the eligibility calculation for inclusion or exclusion is based on six-month average data between February 1 and July 31.
Based on data available from February 1 to May 15, Axis Capital expects:
- One constituent change in the Nifty 50
- Five constituent changes in the Nifty Next 50
- No changes in Bank Nifty
Why Nifty Inclusion Matters
Inclusion in the Nifty 50 is considered significant because several passive funds and exchange-traded funds (ETFs) track the benchmark index.
When a stock enters the index, these funds are required to buy shares to align their portfolios with the benchmark composition, often boosting investor demand and liquidity.
The anticipated reshuffle could also trigger outflows from stocks being removed from the index.
Axis Capital estimated that the rejig may result in potential passive fund outflows of nearly $225 million from the Indian stock market.
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BSE Shares Continue Strong Run
BSE has emerged as one of the strongest-performing financial stocks in recent years, benefiting from rising retail participation, robust derivatives activity, and growing trading volumes in Indian capital markets.
The stock has also gained attention due to increasing competition in India’s exchange ecosystem and expectations of continued growth in equity market participation.
Market participants will now closely track the official NSE index review announcement expected later this year.