What is the IEX market coupling case?

It refers to proposals for a single algorithm to set a uniform power price across exchanges. For IEX, it could change how prices form in Day-Ahead and Real-Time markets, impacting spreads, fees, and volume share. The final impact depends on the exact regulations, scope, and phase-in timeline.

When is the next key date in the case?

The APTEL hearing is scheduled for January 19. CERC has said market coupling will be implemented only through regulations, with its order remaining in place. Investors should also watch IEX’s Q3 FY26 results on January 29 for management commentary on any regulatory developments and demand trends.

How could coupling affect IEX share price near term?

Event risk can keep volatility high. If investors expect lower spreads and a smaller fee pool, the stock may face pressure. Positive surprises could come from a phased roll-out, limited scope, or safeguards that protect liquidity. Monitor support at ₹130–₹131 and resistance at ₹139–₹147 ahead of January 19.

What technical levels matter right now?

Key markers include the lower Bollinger band near ₹130.59 as support and ₹138.94–₹147.29 as resistance. The 50-DMA is around ₹140.52, with ATR at 4.37 suggesting daily moves of ₹4–₹5. RSI at 65 hints at firm momentum but signals caution into the event window.

Global Market Insights

IEX.NS Stock Today: January 10 – APTEL Delay, CERC Says Regs First

ByHuzaifa Zahoor January 10, 2026January 10, 2026

The IEX market coupling case is driving sharp moves in Indian Energy Exchange today. IEX.NS closed at ₹134.38 on January 9, down 10.47% after the APTEL hearing was pushed to January 19 and CERC said coupling will be implemented only through regulation. This path could reshape power-price discovery and influence IEX’s volumes and fees. We break down what changed, the timeline, key levels to watch, and how traders in India can prepare around these regulatory events.