Wipro could dislodge Bajaj Auto from Sensex, says SmartKarma analyst

Wipro has highest average free float market cap of Rs 80,213 cr among non-Sensex components for 55% of the review period; Bajaj Auto has free float market cap of Rs 50,929 cr and is ranked 38th

Technology firm Wipro has a “high probability” of getting included in the benchmark Sensex, while two-wheeler major Bajaj Auto is the “most likely” deletion candidate, according to an analysis done by Brian Freitas, an analyst at independent research provider Smartkarma.

The changes to the index will be announced mid-November, and will become effective from December 17. The December review uses the 6-month average market capitalisation and trading turnover data between May 1 and October 31 to determine changes.

Wipro currently has the highest average free float market cap of Rs 80,213 crore among non-Sensex components for 55 per cent of