Wipro to replace Rel Infra in Nifty from September 27

Moneycontrol Bureau

Country's third largest software services provider Wipro will replace Reliance Infrastructure in Nifty with effect from September 27. Wipro was excluded from the Nifty on April 1 due to demerger of non-IT business into a separate company Wipro Enterprises. With this, there will be four IT companies in Nifty 50. However, there will be no Anil Dhirubhai Ambani Group (ADAG) stock in the Nifty after exclusion of Reliance Infrastructure. Wipro shares declined 1.04 percent to close at Rs 454.90 while Reliance Infrastructure lost 6.28 percent to Rs 331.15 on the Bombay Stock Exchange.