Andy Mukherjee, Columnist

Three Kids and a Flute. How India, Singapore Can End Index Feud

Political diplomacy can resolve the dispute over trading in Nifty 50 futures.

An equity trading pipe might be the answer.

Photographer: Dhiraj Singh/Bloomberg

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The path to ending the custody dispute between the National Stock Exchange of India Ltd. and Singapore Exchange Ltd. passes through a parable involving three kids and a flute.

A minor domestic quarrel has turned into a major court battle over who gets to trade the benchmark Indian index.