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IEX shares closed 10.18% lower at Rs 122.60 on BSE. During the session, the stock hit a 52 week low of Rs 116.05, down 14.99% against the previous close of Rs 136.50 on BSE.
Until a range breakout takes place in the key indices, it would be a good strategy to stay light on index-specific trades.
Market coupling refers to forming of a single power trading entity owned by the government where price discovery will happen with power getting dispatched to short-term power trading platforms
Indian Energy Exchange share price: Rohit Bajaj, Head - Business Development, Strategy and Regulatory Affairs at IEX, told Business Today, "India has today a voluntary market framework where all exchanges have equal opportunities. Market coupling is done to couple different markets operating in different geographies which is not applicable in our case."
This week, 18,650-18,700 is expected to be a crucial hurdle and, if the index decisively surpasses this area, then 18,800-19,000 levels can't be ruled out