The country's premier bourse, the National Stock Exchange, is in talks with the Tokyo

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Stock Exchange for a possible partnership to cross-list key products on each other's platforms.

"We are in talks with the Tokyo Stock Exchange for a mutual partnership," a NSE spokesperson told PTI today.

She, however, did not elaborate on the details, saying "the talks are at an initial stage."

Earlier, on July 28, the NSE and the London Stock Exchange (LSE) entered into an agreement to evaluate the option of cross-listing their key indices on each other's platforms.

Under the agreement, the two exchanges will explore the feasibility of an agreement under which the FTSE Group may license the FTSE 100 Index to the NSE and the Indian bourse may license its benchmark Nifty-50 to the LSE for trading purposes.

If cross-listing with LSE happens, this would be the first time that FTSE 100 scrips would be available for trading on an Indian bourse.

The FTSE 100 index comprises the 100 most highly capitalised blue chip companies incorporated in the UK, representing about 81 per cent of the UK public market's capitalisation.

The move comes days after the NSE's benchmark Nifty index started trading on the Chicago Mercantile Exchange (CME). The CME launched future contracts on the Nifty-50 on July 19 after entering into a cross-listing agreement with the NSE.

The NSE-LSE agreement is also seen as an important move because the NSE's main rival -- the Bombay Stock Exchange -- had recently entered into a agreement for listing of Sensex F&O derivatives on the Frankfurt-based Eurex.

The 30-share Sensex will be available for trading on the Eurex from October 4.