
NSE’s listing could mark the beginning of a new phase of investor participation, with market watchers drawing comparisons with BSE’s journey. In an interaction with Business Today, Mayuresh says both exchanges stand to benefit as India’s capital markets deepen and financialisation increases. He highlights the innovation and market development taking place across exchanges, while pointing to the potential impact of deeper market penetration and new products. Another key factor could be NSE’s inclusion in major market indices. Once eligible, inclusion in benchmarks such as the Sensex and broader BSE indices could potentially bring passive and active fund demand, including from mutual funds tracking these benchmarks. With NSE already among India’s largest companies by market capitalisation, the discussion focuses on how listing could expand investor participation and support the exchange’s long-term growth journey.