IEX Faces Sharp Volatility: APTEL Defers Market Coupling Hearing to January 19

Indian Energy Exchange (IEX) shares experienced extreme volatility on January 9, 2026, plunging nearly 8% to close at Rs 139.36 after APTEL deferred the crucial market coupling hearing to January 19. The stock swung from an intraday high of Rs 160.27 to a low of Rs 137.70 amid ongoing regulatory uncertainty from CERC's July 2025 order. Investors await IEX's affidavit on proposed amendments, prolonging concerns over power market dynamics.

• APTEL hearing deferred to January 19, 2026, with IEX required to file affidavit on coupling norm amendments
• Shares opened at Rs 150.09, hit high of Rs 160.27 (up ~7%), low of Rs 137.70 (down ~8%), closed at Rs 139.36
• CERC issued corrigendum reclassifying July 23, 2025 directive as "direction" not "order," fueling procedural debates
• Market coupling proposes uniform national pricing via rotational operators, challenging IEX's ~85% DAM dominance
• Trading volume surged to 21+ million shares, reflecting heightened investor reaction