IEX Share Price News: Energy trading platform IEX’s shares were in focus on Dalal Street, trading in huge volumes. IEX shares zoomed as much as 6.5 per cent to Rs 215.4 apiece on BSE, after commodity derivatives exchange announced the launch of electricity derivatives upon receiving market regulator SEBI’s approval. By 1 pm, IEX shares held on firmly to the green, trading 3.4 per cent higher for the day at Rs 209.2 apiece on the bourse.
IEX Stock Action | Midcap power trading platform stock trades in huge volumes
As many as 24.1 lakh IEX shares changed hands so far on Monday, as against a daily average of 12.4 lakh recorded in the past two weeks, according to provisional exchange data.
At the day’s high, IEX’s market capitalisation surged to as high as Rs 19,357.3 crore, marking a jump of Rs 1,181.8 crore over the previous close, separate data showed.
What’s driving IEX shares higher?
Analysts say the launch of electricity derivatives by MCX is positive for IEX as it marks a significant milestone in the domestic trading landscape, enabling market participants to hedge against volatility in power prices.
The MCX move will bring power-related futures and options contracts to the market.
Currently, IEX offers an energy trading platform in the spot market.
Analysts say that the availability of electricity derivatives in the market is expected to complement the spot market in due course of time.
In a regulatory filing issued post-market hours on Friday, MCX said its electricity derivatives contracts will enable generators, distribution companies and large consumers to hedge against price volatility and manage price risks more effectively while enhancing efficiency in the power market.
Other IEX market news
In a separate development, last week, IEX said that its electricity traded volume increased 14 per cent on a year-on-year basis to 10,946 MU in May.
There was a 65 per cent rise in the number of renewable energy certificates traded during the month, at 17.43 lakh, according to IEX.
Anurag Dhole is a seasoned journalist and content writer with a passion for delivering timely, accurate, and engaging stories. With over 8 years of experience in digital media, she covers a wide range of topics—from breaking news and politics to business insights and cultural trends. Jane's writing style blends clarity with depth, aiming to inform and inspire readers in a fast-paced media landscape. When she’s not chasing stories, she’s likely reading investigative features or exploring local cafés for her next writing spot.
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
