Shares of BSE rallied as much as 4.3% to their day’s high of Rs 4,299 apiece on the NSE on Tuesday after media reports claimed that India’s oldest bourse will replace Wipro to enter Nifty in the upcoming rejig in September. With today’s gain, the stock is up for a second straight session and has risen 7.5% in two days.
Under the index methodology, a stock becomes eligible for inclusion if its Average Float Market Cap (AFMC) exceeds 1.5 times that of the smallest constituent in the index.
