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Traders may find collaboration with experts from the south Asian nation is easier, as the two groups signed a Letter of Intent, setting out provisional plans to allow access to each other's markets.
Stock marketing training and education is one focus of the document, with both parties interested in holding joint seminars with a focus on small and medium-sized enterprises.
Xavier Rolet, chief executive of the LSE Group, said the move highlighted the organisation's commitment to India, adding: "We believe it will lead to significant benefit for the customers and shareholders of our respective exchanges."
The NSE was founded as a tax-paying company in 1992 and in 2008 oversaw the introduction of currency derivatives, with the launch of Currency Futures in US dollars and the Indian rupee.
Posted by Clive Arneil
