Wipro is trading higher by over 2.4% at Rs 487 in noon deals on the National Stock Exchange (NSE), ahead of its entry into 50-share Nifty.
Indian software services exporter Wipro will replace Reliance Infrastructure in the NSE’s benchmark index Nifty effective September 27, the NSE said in a statement on Tuesday.
Earlier Wipro was excluded from the index on April 1, 2013 because of hiving off its non-IT business into separate company. The stock had been in the index from January 17, 2002.
The stock opened at Rs 474 and hit a high of Rs 490 on NSE. A combined 2.09 million shares change hands on the counter so far on NSE and BSE.
Indian software services exporter Wipro will replace Reliance Infrastructure in the NSE’s benchmark index Nifty effective September 27, the NSE said in a statement on Tuesday.
Earlier Wipro was excluded from the index on April 1, 2013 because of hiving off its non-IT business into separate company. The stock had been in the index from January 17, 2002.
The stock opened at Rs 474 and hit a high of Rs 490 on NSE. A combined 2.09 million shares change hands on the counter so far on NSE and BSE.