India’s securities regulator has barred eight individuals from market participation after uncovering insider trading valued at over ₹173 crore related to Indian Energy Exchange (IEX). The prohibited persons face long-term bans as Sebi strengthens enforcement. The action aims to restore market integrity and deter misuse of privileged information. Market participants view this as a warning and reinforcement of regulatory oversight in equity and energy markets. Impact may be sensed in energy‐sector stocks and peer cleanups.