The stock came under pressure after the Central Electricity Regulatory Commission (CERC) proposed to streamline electricity price discovery across the country’s power exchanges through a system called Market Coupling.
“The commission has prepared the Draft Central Electricity Regulatory Commission (Power Market) (Second Amendment) Regulations, 2026,” the filing read.
According to the draft notification, Grid India will act as the Market Coupling Operator (MCO) and will run the Market Coupling system. It will set up a separate cell specifically for this purpose.
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The draft is open for comments/ suggestions/ objections on or before May 16, 2026.
How will market coupling impact IEX?
Kranti Bathini, equity strategist, WealthMills Securities, believes CERC’s draft market coupling regulation has resurfaced as a key overhang on IEX, weighing on the stock as it threatens to fundamentally alter the exchange’s business model and revenue streams.
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He also added that IEX may lose its prominence in the market as the go-to platform for price discovery.
Bathini recommended selling IEX shares on any rally.
Disclaimer: Views and outlook shared belong to the respective brokerages and analysts and are not endorsed by Business Standard. Readers are advised to exercise discretion.
