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IEX Shares Plummet 10% Following CERC’s Market Coupling Decision
IEX Shares Plummet 10% Following CERC’s Market Coupling Decision
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BTCCSquare news:
Indian Energy Exchange (IEX) shares collapsed 10% at open on July 24, 2025, hitting the lower circuit limit of ₹169.10. The selloff extends a seven-day losing streak that has erased 19.07% of market value. Regulatory fears dominate trading after the Central Electricity Regulatory Commission approved phased implementation of market coupling in Day-Ahead Markets by January 2026.
The new framework requires power exchanges to rotate as Market Coupling Operators, potentially eroding IEX's market dominance. Heavy institutional selling triggered immediate circuit breaker activation at market open, with volumes suggesting sustained bearish sentiment. This structural shift fundamentally alters India's energy trading landscape.
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