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#IEX shares extend losses for second day on coupling fears, earnings impact @hormaz_fatakia Read more here- https://t.co/Gqdjry4R0H
Stocks On Radar | Sources reveal that the government aims toward coupling of power exchanges with a pilot study underway. What is the rationale behind the move? What can be the stock impact? @nikunjdalmia explains #IEX #StockImpact #PowerExchanges #PowerExchangeCoupling https://t.co/XGVJ59BsgR
#IEX shares fall over 12% on the bourses on reports of government looking to implement market coupling for power exchanges.
The Indian government is moving forward with the market coupling proposal for power exchanges, which is expected to be implemented by the end of FY25. This announcement has led to a significant decline in the shares of the Indian Energy Exchange (IEX). IEX shares dropped over 6.5% following the news and continued to fall, reaching a 12% decline to Rs 209.40 on the BSE amid heavy trading volumes. At one point, the shares tumbled 9%. The market coupling initiative aims to integrate power exchanges to enhance efficiency and transparency in the market. IEX shares extended losses for the second day on coupling fears.