Nifty50 Reshuffle September 2026: The NSE Nifty 50 index is set for a major shake-up. As the semi-annual Nifty rejig takes effect on September 30, BSE Ltd is likely to replace Wipro Ltd in the 50-stock index, according to a prediction report by Nuvama Alternative & Quantitative Research.
The brokerage expects the September rejig to be significant, with stronger-performing stocks likely replacing underperformers across the country’s most widely tracked domestic indices. The changes are expected to be announced in August 10 and become effective from September 30, 2026.
Nifty September 2026 reshuffleBSE likely to enter and Wipro to exit Nifty 50 – Inflow and outflows expected
Nuvama’s analysis suggested that BSE could be included in the Nifty 50, while Wipro could be removed from the key domestic benchmark.
Nuvama said that the inclusion could trigger substantial passive fund flows into BSE. The brokerage estimates inflows of around $741 million into BSE. On the other hand, Wipro could see outflows of approximately $246 million following its exclusion from the index.
Nuvama further stated BSE appears to satisfy the requirements for inclusion under the current methodology. However, the final outcome could change if the Nifty Index Committee makes any methodology changes to the Nifty50 index before the announcement.
The brokerage said TVS Motor could emerge as a probable contender to replace Wipro if the methodology is changed.
Nifty September 2026 reshuffle: Nifty Next 50 to see multiple changes
The Nifty Next 50 comprises 50 companies from the Nifty 100 after excluding Nifty 50 constituents.
Six stocks likely to be included from Nifty Next 50
Among the expected inclusions, Vedanta Aluminium Metal is estimated to see the highest passive flow impact at $143 million, followed by Wipro at $95 million, Polycab at $92 million, BHEL at $111 million, Power India at $75 million and Idea at $71 million.
In share terms, Idea could see the largest estimated buying at 489.8 million shares. Wipro could see estimated buying at 51 million shares while BHEL at 25.9 million shares, Vedanta Aluminium at 30 million shares, Polycab at 1 million shares and Power India at 0.2 million shares.
The estimates are based on the expected index weight changes and passive fund flows, said the brokerage.
Six stocks likely to be excluded from Nifty Next 50
Indian Hotels could face the largest estimated passive outflow of $124 million, followed by REC at $84 million, United Spirits at $78 million, Shree Cement at $68 million, Lodha Developers at $64 million and Mazagon Dock at $35 million.
The estimated selling is highest for REC at 22.9 million shares while Indian Hotels could see the selling at 16.1 million shares, United Spirits at 5.4 million shares, Lodha at 5.1 million shares, Mazagon Dock at 1.4 million shares and Shree Cement at 0.2 million shares.
REITs could get index representation
Nuvama also expects the September rejig to bring changes related to real estate investment trusts (REITs) after SEBI’s circular allowing REITs to become eligible for inclusion in Nifty equity indices.
Nifty Indices September 2026 Rejig – Changes in Nifty 100, Next 50 and Nifty 50
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Nifty Indices September 2026 Rejig – Nifty 100, Next 50 and Nifty 50
Nifty September 2026 reshuffle: When will the changes take effect?
The analysis said the market-cap cut-off for the September review has been assessed till July 31, 2026. The official announcement is expected on August 10 after market hours, with the final index adjustments scheduled to take effect on September 30, 2026.
Key risks to Nuvama’s prediction
Nuvama has also pointed outtwo key risks to its forecast:
- NSE indices changing the methodology
- Drastic changes in the free-float factor
