India’s markets regulator should reconsider allowing exchanges to list on their ​own platforms, NSE Chairman Srinivas Injeti said on Friday (September 25, 2026), a day after ‌the bourse operator debutedon rival BSE at a ​valuation of about $47 billion.

India’s markets regulator debated allowing ⁠self-listing in 2015 but rejected the idea over potential conflicts of interest, requiring their shares to trade on rival bourses.

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 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.

Impact on options volume is largely over

The world’s busiest derivatives exchange listed as investors grow wary of slowing volumes and ​its reliance on options ‌for growth.

Options trading has declined after tighter regulation and rule changes aimed at aligning Indian markets with global standards.

“Whatever volumes had to go down due to regulatory changes to cool down ‌derivatives trading and due to teething issues due to ​closing auction session have already gone down,” Ashish Chauhan, chief executive, NSE said in an interview ⁠with Reuters on Friday (September 25, 2026).

“Volumes are still high and spread across many instruments including monthly options which are pretty large,” mR. Chauhan said.

New growth avenues

The Securities and Exchange Board of India has sought to curb speculative options trading by raising costs while encouraging growth in the cash market.

Chauhan said NSE would help develop the cash market if the government set out that objective through regulation.

Allowing foreign portfolio investors to trade bullion contracts would ‌also help NSE grow 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.

He added that slowly both commodities and data monetisation will evolve from ​peripheral activities into standalone revenue generators.

Benchmark indices Sensex and Nifty drifted lower in early trade on Friday (January 9, 2026) amid relentless foreign fund outflows and renewed concerns over potential U.S. tariff hikes.

After a brief rebound in early trade, the 30-share BSE Sensex later declined 78.84 points to 84,102.12.

The 50-share NSE Nifty dipped 21.50 points to 25,850.85. From the 30-Sensex firms, ICICI Bank, Tata Motors Passenger Vehicles, NTPC, Adani Ports, Sun Pharma and Trent were among the biggest laggards.

However, Eternal, HCL Tech, Bharat Electronics and Asian Paints were among the gainers.

On Thursday (January 8), the Sensex tanked 780.18 points or 0.92% to settle at 84,180.96. The Nifty tumbled 263.90 points or 1.01% to 25,876.85.

In the past four days, the BSE benchmark has tanked 1,581.05 points or 1.84%, and the Nifty dropped 451.7 points or 1.71%.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹3,367.12 crore on Thursday (January 8), while Domestic Institutional Investors (DIIs) bought stocks worth ₹3,701.17 crore, according to exchange data.

“Indian equity markets enter today’s session with a cautious undertone following the sharp sell-off in the previous trading day. Risk appetite remains subdued as global trade-related uncertainties continue to weigh on investor sentiment.

“Persistent concerns over potential U.S. tariff actions linked to India’s Russian oil imports have kept sentiment fragile, while the lack of visible progress in U.S.–India trade discussions is reinforcing institutional caution, particularly among foreign investors,” Ponmudi R, CEO of Enrich Money, an online trading and wealth tech firm, said.

In Asian markets, South Korea’s Kospi index, Japan’s Nikkei 225 index and Shanghai’s SSE Composite index traded higher, while Hong Kong’s Hang Seng index quoted lower.

U.S. markets ended on a mixed note on Thursday (January 8).

Brent crude, the global oil benchmark, climbed 0.53% to $62.32 per barrel.