BSE’s Nifty 50 entry shows how the index can move markets, not just mirror them
· economictimes.indiatimes.com
BSE’s upcoming inclusion in the Nifty 50 highlights how index changes can influence stock prices beyond simply reflecting investor preferences. BSE will replace Wipro from September 30, triggering an estimated $741 million in buying by Nifty 50 index funds and ETFs, while Wipro could see about $246 million in outflows.
An index is meant to be a mirror. It's supposed to reflect where investors have put their money, not decide where they should put it next. But events of this mo...