CEL0
BET0
Goztepe2
Çorum FK0
UDI
MIL
BAR
RMA
Mohun Bagan
Chennaiyin
PSG
Lyon
Sevilla
Osasuna
NED
OMA
NZ
IND
NAM
IRE
MEX-W51 (12.5/20 ov, target 187)
ARG-W186/7
NGA148
UGA147/9 (20 ov, target 149)
ATH4
GET0
INT2
FIO1
LIMWn
NW-W
NCWmn
FsWm
NWEST22/3 (3.1/20 ov, target 181)
NCAPE180/3
BOL137/9 (20 ov)
TITNS137/8
NZ-A317
IND-A113 & 106/2 (36 ov)
SYL280/2 (84 ov)
KHU
MYMS465/7d
CHATT134/2 (40 ov)
DHA521
RAJ103/6 (26 ov)
RAN402
BAR179/3 (56.1 ov)
BRB
MOW
TOK
MIS
JER
KUW
PNG
QAT
GMB112/9
LES109 (19.5/20 ov, target 113)
MOZ110/7 (19/20 ov, target 110)
ZMB109/9
IND-W328/6
ZIM-W207 (48.5/50 ov, target 329)
PAK243/9 (47.1/50 ov, target 242)
ENG241
CHI0
ESP2
MEX0
AUS0
AZ
TWE
SCP
ACV
LAFC
LA
CHU2
PFC3
Atlético1
Deportivo0
Lazio2
Parma1
Lens2
Paris FC1
IEX Share Price dip
IEX‘s share price, which opened in the green on Tuesday, took a sharp downturn following reports that the government is moving ahead with the market coupling proposal.
IEX Share Price: Updates
According to an ET Now report, the Power Ministry reaffirmed its commitment to market coupling of power exchanges. The Ministry has instructed the Grid Controller of India to expedite its ongoing pilot study on the proposal. This study, overseen by the Central Electricity Regulatory Commission (CERC), is examining various technical elements. Grid India is expected to submit its findings to CERC within the next month.
The final decision on when market coupling will be implemented rests with CERC. The Power Ministry is targeting either the end of the current fiscal year or the start of FY26 for rolling out this new mechanism.
What is Market Coupling?
The concept of market coupling was introduced last year, aiming to create a uniform market clearing price across all power exchanges. This mechanism would streamline trading by setting a standardized price, potentially affecting individual exchanges like Indian Energy Exchange (IEX).
Impact on IEX
Prior to this news, IEX shares had been on an upward trend, rising over 60% in the last six months. In September 2024, brokerage firm Antique maintained a bullish stance on IEX, citing strong double-digit volume growth. The firm had raised its target price for IEX to ₹262, even suggesting that the risks posed by market coupling might diminish over time due to challenges in implementation.
Despite the drop in share price, IEX has shown strong growth potential in recent months. However, with the Power Ministry moving forward on market coupling, the future impact on IEX remains uncertain.
Stay updated on the latest stock market trends and news by following Benzinga India on Telegram for real-time insights and trading ideas.
Read More: Tata Steel Share Price Surge 3.28%, Nifty Edges Up by 0.04%
