Wipro shares jump nearly 3% ahead of Nifty inclusion next month

Shares of Wipro on Wednesday rose by nearly 3 per cent on the IT major entering the National Stock Exchange's 50-share Nifty index with effect from September 27.

Wipro's scrip jumped 2.97 per cent to Rs 468.50 on the NSE.

At the BSE, the stock climbed 2.87 per cent to Rs 468.

Shares of Reliance Infrastructure, however, tanked 5.71 per cent to Rs 312.40 at the NSE.

Wipro will enter the Nifty index with effect from September 27, while Reliance Infrastructure would exit.

The decision regarding these changes were announced yesterday by the India Index Services & Products Ltd, a joint venture of NSE and Crisil, which manages the various indices at the exchange.

Earlier, Wipro was dropped from the CNX Nifty index from April 1 as its non-IT businesses were hived off into a separate unit.

As part of periodic review, the new changes would become effective from September 27, 2013.

Image: Wipro chief Azim Premji