BSE Joins Nifty 50; Nifty Sees 0.05% Gain Amid Volatility
By Market Desk
Bombay Stock Exchange (BSE) to replace Wipro in Nifty 50 by Sept 30. Nifty50 closed up 0.05% at 24,583 on Aug 10 amid volatile trading.
The Bombay Stock Exchange (BSE) is slated for inclusion in the Nifty 50 index, replacing Wipro, effective September 30. This structural shift coincides with a volatile trading day for Indian benchmark indices on August 10, 2026, where the Nifty50 closed with a marginal gain.
The Nifty50 opened flat, initially rising by 11 points before facing sharp selling pressure within the first 30 minutes. Despite a robust recovery of over 100 points from its day’s low by midday, the index surrendered nearly 75 points from its peak in the latter half of the session.
Market Performance and Key Movers
- Nifty50 closed at 24,583, up 13 points or 0.05%.
- Top Nifty50 gainers included Titan, Tata Consumer Products, and Bajaj Finance.
- Major laggards were SBI, Eternal, and ITC.
Sectoral performance remained mixed, with Realty, Private Banks, and Consumer Durables showing strength. Conversely, PSU Banks, Oil & Gas, and Healthcare sectors recorded losses.
- Nifty Midcap 100 rose 0.62%.
- Nifty Smallcap 100 declined 0.27%.
Analyst Outlook and Key Levels
Market momentum is anticipated to remain constructive in the upcoming week, driven by the final phase of the Q1FY27 earnings season. Siddhartha Khemka of Motilal Oswal noted that global factors such as US-Iran negotiations, crude oil prices, and US inflation data will also influence market direction.
Nagaraj Shetti of HDFC Securities believes the Nifty will stay positive above the 24,300-24,400 support zone, viewing any weakness as a buying opportunity. A decisive break above 24,775 could trigger a sharp upward movement.
Sudeep Shah of SBI Securities identified the 24,750-24,800 zone as a critical hurdle, with a sustained breakout above 24,800 potentially leading to targets of 24,950 and 25,100. Immediate support is seen at 24,450-24,420.
Osho Krishan of Angel One expects the 24,500-24,450 zone to provide immediate support, while the 20-DEMA around 24,340 acts as crucial positional support. The 24,650-24,700 zone is identified as key resistance.
Nandish Shah, also from HDFC Securities, highlighted that the Nifty is oscillating between its 200-day SMA (24,758) and 200-day EMA (24,384), maintaining a bullish primary trend. The next directional move hinges on a decisive break above the 200-day SMA or below the 200-day EMA.
Rupak De of LKP Securities stated that the Nifty remained volatile within a narrow range, indicating a sideways to positive near-to-short-term trend as it holds above its 50-EMA. He noted 24,650 as a key resistance, with a break potentially triggering a sustained rally, while support lies at 24,500.