India should reconsider self-listing of exchanges, NSE chairman says

By Reuters News
Srinivas Injeti, Chairperson of the National Stock Exchange (NSE) speaks during the NSE listing ceremony at the Bombay Stock Exchange (BSE) in Mumbai, India, September 24, 2026. REUTERS/Francis Mascarenhas

By Jayshree P Upadhyay

Sept 25 (Reuters) - India's markets regulator should reconsider allowing exchanges to list on their own, NSE NSEI.BO Chairman Srinivas Injeti said on Friday, a day after the bourse debuted on rival BSE at a valuation of about $47 billion.

India does not allow exchanges to list on their own platforms, citing concerns over potential conflicts of interest.

However, self-listing is permitted in several major global markets. In the United States for example, the New York Stock Exchange's parent Intercontinental Exchange ICE.N is listed and traded on the NYSE, which it operates.

NSE accounts for about 93% of India's cash-market trading and nearly 75% of options.

Separately, allowing foreign portfolio investors to trade bullion contracts would help NSE expand its commodities business, Chief Business Officer Sriram Krishnan said.

India on Thursday permitted FPIs to participate in physically settled non-agricultural commodity derivatives, a move expected to boost trading volumes in bullion contracts by broadening the investor base and bringing the market more in line with global peers.

FPIs will be able to use capital already allocated for equity investments to trade in commodity derivatives, Krishnan said.

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