National Stock Exchange of India Ltd. is considering allowing its own shares to trade on its proprietary platform following their listing on rival BSE Ltd., according to sources familiar with the matter.

The potential move, which could eventually shift trading volumes between exchanges, would also pave the way for the stock's inclusion in NSE's benchmark indexes. Currently, the shares are listed exclusively on BSE, meaning all trading activity occurs on that rival platform.

People with knowledge of the discussions said the plan is still under review and no final decision has been made. The proposal represents a significant strategic shift for the country's largest stock exchange, which has historically maintained separation between its marketplace operations and its own securities.

Such a change could impact market dynamics by concentrating trading volumes on NSE's platform while potentially affecting BSE's liquidity. It may also influence index composition and investment flows, as inclusion in NSE's benchmark indexes typically attracts passive investment products and broader market participation.

The development reflects ongoing competition between India's major exchanges for market share and control over trading infrastructure.