Indian equity markets staged a strong recovery on Tuesday, with the Sensex recovering 600 points from its day's low and the Nifty trading near 23,500. According to ETMarkets, the market rally was driven by a broad-based recovery across sectors, with tech stocks leading the gains. This recovery comes as BSE continues to benefit from its strong fundamentals and potential NIFTY50 inclusion prospects.
According to reports from Moneycontrol, BSE is likely to be included in the benchmark NIFTY 50 index during the September 2026 rebalancing, potentially replacing IT major Wipro. 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. As reported by Quiddity Advisors, BSE currently meets this criterion, with its AFMC surpassing 1.5 times that of Wipro, making the IT company the most vulnerable candidate for exclusion. Assuming a single replacement, the estimated one-way passive flow linked to the NIFTY50 reshuffle could stand at nearly $639 million.
The stock has emerged as one of India's best-performing financial stocks over the past year, with the stock rallying more than 64%, driven by strong growth in trading volumes, rising retail investor participation, and a sharp revival in its derivatives segment, particularly weekly Sensex options. The rally on Monday was witnessed amid news reports about the potential NIFTY50 inclusion. In contrast, Wipro has declined over 24% during the same period amid persistent weakness in the IT sector, cautious demand trends, and rising concerns over the potential disruption caused by artificial intelligence-led automation.
BSE reported a 61% jump in consolidated net profit to ₹795.47 crore for the March quarter (Q4 FY26), compared to ₹493.67 crore in the corresponding quarter of the previous financial year. According to a regulatory filing, total revenue during the January-March period rose to ₹1,630 crore from ₹926.38 crore in the year-ago period. The board has recommended a final dividend of ₹10 per equity share for FY26, subject to shareholders' approval at the ensuing annual general meeting. For the entire 2025-26, the bourse's net profit jumped 88% to ₹2,487 crore as against ₹1,322 crore in FY25.
The BSE said it recorded its highest-ever performance in its 150-year history in FY26, with revenue rising 59% year-on-year to ₹5,148 crore from ₹3,236 crore in the preceding fiscal year. The exchange's equity derivatives segment posted strong growth in FY26, with revenue more than doubling to ₹3,134 crore, aided by a rise in average daily premium turnover to ₹19,522 crore from ₹8,977 crore seen in the previous financial year. The exchange's mutual fund distribution platform, BSE StAR MF, also delivered robust performance during the year, with revenue rising to ₹285 crore and transactions increasing to 84.1 crore.
