BSE Shares Slip Further as NSE Eyes Trading Its Own Stock

d continued their downward trajectory on Friday, closing 1.52% lower at ₹3,241 on the National Stock Exchange. The decline followed reports that NSE is considering allowing its own shares to trade on its platform, subject to approval from market regulator SEBI. The selling pressure had begun a day earlier after Bloomberg reported that the idea was floated during NSE’s recent IPO roadshows with global investors. Under the proposal, NSE shares would formally list on BSE but could still be traded on NSE under the “permitted to trade” category. Analysts believe this move could dilute the exclusive listing advantage BSE was expected to enjoy from NSE’s highly anticipated public offering. Abhinav Tiwari of Bonanza noted that such a step might split trading volumes between the two exchanges, reducing the potential benefit for BSE. BSE is already grappling with other headwinds. SEBI’s recent measures, including the Cash Account Settlement (CAS) system and higher Securities Transaction Tax (STT), have weighed on derivatives volumes. While the exchange posted strong results for the June quarter, investors appear more focused on volume trends, regulatory risks, and the implications of NSE’s listing plans. The development adds another layer of uncertainty for BSE shareholders as India’s two largest exchanges prepare for a new chapter in competition.