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Wipro’s Nifty Exit Reflects Waning Clout of Indian IT Giants

Bloomberg Markets Tuesday 11 August 2026, 06:27 UTC By Savio Shetty and Samie Modak 1 min read
Key Points

Wipro’s Nifty Exit Reflects Waning Clout of Indian IT Giants Wipro Ltd.’s exit from India’s Nifty 50 to make way for exchange operator BSE Ltd. marks more than a benchmark reshuffle. It captures the shift from an outsourcing-led boom to one powered by the growing ranks of investors in the nation’s $5-trillion stock market. BSE will replace Wipro in the gauge from Sept. 30 as part of a semi-annual review, according to a statement from the National Stock Exchange of India on Monday.

Wipro’s Nifty Exit Reflects Waning Clout of Indian IT Giants Wipro Ltd.’s exit from India’s Nifty 50 to make way for exchange operator BSE Ltd. marks more than a benchmark reshuffle. It captures the shift from an outsourcing-led boom to one powered by the growing ranks of investors in the nation’s $5-trillion stock market. BSE will replace Wipro in the gauge from Sept. 30 as part of a semi-annual review, according to a statement from the National Stock Exchange of India on Monday. The switch comes as concerns over artificial intelligence and slowing global technology spending weigh on India’s biggest software services firms.
Wipro (ORG) Nifty Exit (ORG) Indian IT Giants Wipro Ltd.’s (ORG) India (LOCATION) BSE Ltd. (ORG) BSE (ORG) the National Stock Exchange of India (ORG)
Originally published by Bloomberg Markets Read original →

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