$WIT

Simply Wall St says Rubrik (RBRK) and Wipro launched “Enterprise Resilience as a Service” and Rubrik introduced “Rubrik Agent Identity” in early August 2026 to support enterprise cyber and operational resilience for AI agents. The article cites Rubrik’s role in the CSAI Foundation’s AI Resilience Center of Excellence and discusses forecasts of $2.5B revenue and $302.9M earnings by 2029.

Indian IT stocks fell for a fifth straight bearish day on Feb 24, with the Nifty IT index down about 3% to 30,721 and roughly 20% lower over the past month. Jefferies downgraded six Indian IT companies, citing AI-driven shifts in business mix. Infosys was cut to HOLD with a target of Rs 1,290 (from Rs 1,880), and TCS to Underperform with a target of Rs 2,350 (from Rs 3,485).

Wipro Limited granted 21,668 restricted stock units to an identified employee under its ESOP, PSU and RSU Scheme 2024, effective Aug 12, 2026, with vesting per the board’s Nomination and Remuneration Committee. Wipro also disclosed an ESG rating of 80.6 from SES ESG Research for FY26, filed with BSE, NSE and NYSE.

Indian benchmarks ended lower, with the Sensex down 187.90 points (0.24%) to 77,966.35 and the Nifty 50 down 35.75 points (0.15%) to 24,435.95, settling below 24,450. The Nifty IT index fell 1.54%. Tata Group stocks declined after Tata Sons Chairman N Chandrasekaran said he would not seek reappointment. Several IPOs and Q1 FY27 results were also reported.

Wipro (NYSE:WIT) is set to be removed from India’s Nifty 50, with BSE replacing it effective Sept. 30, according to the index reshuffle schedule. Wipro’s Indian shares fell 1.1% Monday and are down about 29.5% in 2026. The article cites Wipro trading at $1.975 versus a GF Value estimate of $2.81 and notes potential passive selling.

According to a National Stock Exchange of India statement, Wipro Ltd. will leave the Nifty 50 effective Sept. 30, replaced by BSE Ltd., in a semi-annual review. Bloomberg data show the top five Indian IT firms’ Nifty weight fell below 9% this year. Wipro shares are down 30% in 2026, and Nuvama estimates Nifty-tracking funds may drive about $149m net outflows.

NSE Indices said BSE will replace Wipro in the Nifty 50 after its semi-annual review. The change takes effect after the close on 29 Sept 2026, for 30 Sept 2026. BSE’s six-month average free-float market cap was Rs 1,40,879 crore versus Wipro’s Rs 55,930 crore. Other Nifty indices will also be reconstituted.

NSE Indices said BSE will replace Wipro in the Nifty 50 after the latest semi-annual review. The change takes effect 30 Sept 2026. BSE shares rose 0.50% while BSE slipped 1.46% on the day. NSE cited BSE’s higher six-month average free-float market cap versus Wipro, meeting the 1.5x rule.

Indian stocks are set to open lower on Aug 11 amid uncertainty over the Strait of Hormuz. Gift Nifty futures were down 0.06% at 24,616.5 and oil rose to $87.80/bbl. The article lists earnings and updates for companies including Vodafone Idea, Wipro, BSE, Zen Technologies, and Adani, plus index change: BSE to replace Wipro in Nifty 50 from Sep 30, 2026.

NSE said BSE will replace Wipro in the Nifty 50 effective after Sept. 30, following NSE’s semi-annual index review. NSE cited BSE’s six-month average free-float market cap meeting the 1.5x threshold versus Wipro. BSE shares are up about 37% YTD in 2026, while Wipro is down about 29.5%.