Wipro’s Nifty Exit Reflects Waning Clout of Indian IT Giants

Wipro Ltd.’s exit from India’s Nifty 50 to make way for exchange operator BSE Ltd. marks more than a benchmark reshuffle. It captures the shift from an outsourcing-led boom to one powered by the growing ranks of investors in the nation’s $5-trillion stock market.

By Savio Shetty and Samie Modak