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Why Iex Is Falling
Indian Energy Exchange (IEX) shares fell more than 8% on June 3, 2021, due to the introduction of the ‘market coupling’ mechanism for spot power trading by the Central Electricity Regulatory Commission (CERC). The mechanism is expected to lead to better and lower pricing for consumers in general. The Power Ministry has directed CERC to undertake the process of consultation and implementation of market coupling in a timely manner. The stock has been in a strong bear run and investors have been making an exit on every bounce during the ongoing downtrend.
Shares of Indian Energy Exchange (IEX) fell by 15% to a 52-week low of INR116 ($1.56) on NSE on Friday after the Ministry of Power decided to go ahead with market coupling. An independent third-party will collect buy and sell bids and decide a uniform market price across all exchanges.
S hares of Indian Energy Exchange Ltd (IEX) have fallen over 17% in the last two sessions after the power ministry directed Central Electricity Regulatory Commission (CERC) to implement the process of market coupling in a timely manner.
The stock has been in a strong bear run and investors have been making an exit on every bounce during the ongoing downtrend.
Here are some websites that discuss Why Iex Is Falling:
– [Economic Times](https://economictimes.indiatimes.com/markets/stocks/news/iex-shares-tank-15-today-what-triggered-this-fall/articleshow/100866567.cms)