Mumbai, May 18 -- According to a media reports, BSE is emerging as a strong contender for inclusion in the benchmark index, while Wipro could face an exit. The potential reshuffle is estimated to trigger passive inflows worth nearly $639 million into BSE-linked trades.

The optimism follows a stellar run in BSE shares, which have surged nearly 69% over the past one year. The stock recently crossed the Rs 4,000 mark for the first time, hitting a record high as rising retail participation, stronger trading volumes and renewed traction in the derivatives segment boosted investor sentiment.

In contrast, shares of Wipro have declined around 25% during the same period amid persistent pressure on the information technology sector. Concerns arou...