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IEX share price dips ahead of key APTEL hearing on market coupling case
IEX shares slipped as traders trimmed positions ahead of the APTEL hearing, with government stance on market coupling remaining unchanged.
Shares of Indian Energy Exchange (IEX) gave up earlier gains and traded lower ahead of the scheduled Electricity Appellate Tribunal (APTEL) hearing on the controversial market coupling regulations. The decline followed a statement from the Power Minister that there had been no change in the government’s stance on market coupling, dampening sentiment. Investors remain cautious as regulatory clarity on the pricing mechanism awaits resolution.