NSE vs BSE: Should investors buy BSE shares now or wait for one of the biggest IPOs in India?

NSE has filed its DRHP for an IPO expected later in 2026, a pure offer-for-sale that will list only on BSE. Analysts view the filing as a confirmation event rather than a fresh trigger, noting that BSE's stock has already largely priced in expectations around NSE's listing over the past year. Further upside in BSE is now expected to be driven by earnings delivery, derivatives growth and operating leverage rather than event-driven optimism around the NSE IPO.