IEX Market Coupling Case: APTEL Orders CERC Response on Officials, Shares Fluctuate

• IEX challenged CERC's July 2025 order for market coupling implementation in Day-Ahead Market from January 2026.
• IEX shares jumped 14% on January 6 after CERC's argument came to light, showing significant market activity.
• On January 9, IEX shares opened at Rs 150.09, briefly crossed Rs 160.27, but fell after a circular was issued.
• Shares recovered to a 1% gain by 10:47 AM as hearing updates emerged.
• APTEL ordered CERC to file a detailed response within one week on actions taken against 'erring officials' in the market coupling case.

Why It Matters: APTEL directs CERC to detail actions against officials in the IEX market coupling case, impacting IEX shares.