BSE enters Nifty 50: Stock drops 4% after Goldman Sachs, BNP Paribas sell shares worth Rs 2,186 crore

Shares of BSE dropped around 4% on Wednesday as the stock debuted to rival NSE’s benchmark index Nifty 50. The downturn came after Goldman Sachs and BNP Paribas sold more than 68 lakh shares of the stock exchange worth over Rs 2,186 crore through bulk deals.

Goldman Sachs Investments Mauritius I Limited sold 23.8 lakh shares of BSE at Rs 3,200 apiece, while BNP Paribas Financial Markets sold 44.52 lakh shares at a weighted average price of Rs 3,199.54 per share, NSE bulk-deal data showed on Tuesday. Together, the two entities sold more than 68.33 lakh shares, equivalent to around 1.67% of BSE's equity, for around Rs 2,186 crore.

Meanwhile, UTI Mutual Fund bought 27.13 lakh BSE shares at Rs 3,200 apiece, and Nippon India Mutual Fund purchased 25.3 lakh shares at Rs 3,200 per share. Together, the two mutual funds bought 52.43 lakh shares worth around Rs 1,678 crore.


Also Read | Nifty indices rejig: Which stocks will see the biggest inflows and outflows?

BSE replaces Wipro on Nifty 50

BSE shares replaced IT major Wipro on Nifty 50 as the semi-annual Nifty index rejig took effect. BSE’s inclusion in the Nifty 50 index will likely attract inflows worth $668 million, according to Nuvama Institutional Equities which sees the stock exchange as the top beneficiary in the rejig.

BSE shares have gained 57% and 22% in 2026 so far, delivering multibagger returns of 640% in three years and 2,239% in five years. However, the stock has seen some downturn recently, falling more than 2% in a week and a month as CAS related issues along with overall market downturn dampened sentiment. The stock dropped to Rs 3,085.2 apiece on Wednesday morning.

Also Read | BSE set to enter Nifty 50 from tomorrow, IT major Wipro to exit. What shareholders must know?

Disclaimer: This article has been written by Debaroti Adhikary, who is not a SEBI-registered Research Analyst or an Investment Adviser. Debaroti Adhikary and his/her ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here.