Nifty rejig: BSE in, Wipro out in index reshuffle - what lies ahead for exchange stock investors? Experts show roadmap
New Delhi, Sept. 30 -- BSE share price slumped nearly 4% on Wednesday, 30 September, as the stock began trading on the flagship Nifty 50 index for the first time.
As part of the NSE's twice-a-year index rebalancing, implemented on Wednesday, the BSE replaced IT giant Wipro in the Nifty 50 index. As a result of this change, Wipro has been shifted to the Nifty Next 50 index.
The Nifty 50 index rebalancing process was conducted on Tuesday, 29 September, in line with the monthly derivatives expiration.
BSE share price today opened at Rs.3,138.90 apiece on the NSE, the stock touched an intraday high of Rs.3,149, and an intraday low of Rs.3,075 per share.
Rajesh Bhosale, Technical Analyst at My Advisor Alpha, said BSE is trading more than 2...
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