Markets saw sharp trading action as Trent tumbled over 8% after underwhelming Q3 updates, cooling sentiment. Groww swung from early gains on a bullish brokerage note to later reversal. Reliance Industries slid on reports tied to Russian oil shipments, though the company denied the linkage. IEX also featured among movers today.
In a rare move, SEBI implicated officials from another regulator in an insider trading case involving IEX. Investigators found a nexus between regulated entities and a CERC official that allegedly enabled unlawful gains exceeding INR 172 crore. The probe highlights an unusually direct modus operandi, marking the first time SEBI has linked another regulator’s officials in such a case.
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Indian Energy Exchange (IEX) shares jumped over 2% after Q4 FY26 net profit rose 11% to Rs 130 crore, supported by its highest-ever electricity volumes. The company also declared a Rs 2 per equity share final dividend. However, the stock has seen recent declines tied to market coupling regulations, leaving investors to weigh strong fundamentals against regulatory headwinds.
India’s electricity trading leader IEX is reportedly preparing for a regulatory overhaul that may alter the core mechanics of power markets. While competition isn’t the main threat, regulators could change participation, pricing, and market operations, creating uncertainty for existing players and potentially shifting the balance of power trading.
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