With reference to the BSE share swap and index inclusion, consider the following statements: 1. Goldman Sachs and BNP Paribas offloaded a total of 52.43 lakh BSE shares. 2. BSE is scheduled to replace Wipro in the Nifty 50 index starting September 30, 2026. 3. BSE shares closed at Rs 3,200 on September 29, 2026, following a 3.31% gain. Which of the statements given above is/are correct?

BSE Soars 3.31% as Giants Swap Shares: Goldman, BNP Offload for ₹2186 Crore

GS3Economy · S&T · Environment · Security· Capital markets & SEBI· Prelims· 30 September 2026

Market dynamics and index inclusion: a GS3 case study on capital market liquidity and passive investment.

Why in news

BSE shares surged 3.31% following a major share swap where Goldman Sachs and BNP Paribas offloaded shares to UTI and Nippon India Mutual Funds, ahead of BSE's inclusion in the Nifty 50 index.

Background

Goldman Sachs Investments Mauritius I Limited and BNP Paribas Financial Markets sold 68.33 lakh BSE shares for Rs 2186.44 crore. UTI Mutual Fund and Nippon India Mutual Fund purchased 52.43 lakh shares worth Rs 1677.60 crore.

Facts for Prelims

FactBSE shares closed at Rs 3,200 on September 29, 2026, after a 3.31% gain.
FactBSE will replace Wipro in the Nifty 50 index starting September 30, 2026.
BodyGoldman Sachs Investments Mauritius I Limited and BNP Paribas Financial Markets were the primary sellers of BSE shares.
BodyUTI Mutual Fund and Nippon India Mutual Fund were the primary buyers of BSE shares.

Prelims practice question

With reference to the BSE share swap and index inclusion, consider the following statements:

Goldman Sachs and BNP Paribas offloaded a total of 52.43 lakh BSE shares.
BSE is scheduled to replace Wipro in the Nifty 50 index starting September 30, 2026.
BSE shares closed at Rs 3,200 on September 29, 2026, following a 3.31% gain.

Which of the statements given above is/are correct?

(a)2 only
(b)3 only
(c)2 and 3 only
(d)1, 2 and 3

Show answer

Answer: (c) 2 and 3 only — Statements 2 and 3 are correct. Statement 1 is incorrect: They sold 68.33 lakh BSE shares.

For Mains

Q. Discuss how the inclusion of exchange-traded entities into major indices like Nifty 50 influences passive investment flows and market liquidity in India.

Dimensions to cover in your answer

Liquidity dynamics: Impact of passive fund inflows on stock price volatility and market depth
Index composition: Trade-offs between representing diverse sectors vs. market capitalization weightage

Keywords: Passive investment · Market liquidity · Index rebalancing · Capital flows · Equity markets

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