00:00There is a lot of bloodbath, this is the share of the IEX.
00:04The market coupling is going on.
00:07If you look in India, there are three power exchanges.
00:10The most monopoly is the IEX.
00:13We want to buy electricity from IEX
00:15and we want to buy power exchanges from IEX.
00:17Now the monopoly will end up,
00:19because of that, their shares will not fall.
00:22What's going on, Pangka?
00:24What's going on in stock exchange?
00:25It's a bad situation.
00:26There is a lot of bloodbath.
00:28The share of the IEX is going on.
00:30Yes, there is a lot of bloodbath.
00:32What is the issue of the share of the IEX?
00:34Come on, Pragati.
00:37What happened?
00:39The share of the IEX is going on.
00:42What is the issue of the IEX?
00:44What is the issue of the energy sector?
00:46I'm going to talk about the IEX.
00:48The share of the IEX is going on.
00:51The reason is that the CER,
00:53the Central Electricity Regulatory Commission,
00:56has given a rule,
00:58that the market coupling will end up in January 2026.
01:04Now you will say,
01:05what is the market coupling?
01:06I will tell you.
01:07Right now, if you look in India,
01:09there are three power exchanges.
01:11One is the IEX,
01:13the Indian Energy Exchange.
01:14The other one is the Hindustan Power Exchange.
01:16And one is the Power Exchange of India.
01:18There are three exchanges,
01:20but the most monopoly is the IEX.
01:24Almost 85 to 90%.
01:26I'm not saying precisely,
01:28I'm giving a range.
01:29The market share of the 85 to 90% is the IEX.
01:33What happens now?
01:34When there is monopoly,
01:35you discover the price.
01:37But the government wants to be uniformity.
01:40It is also a democratic system here.
01:42So they have said,
01:43we will bring the market coupling.
01:45Now what will happen?
01:46In the three exchanges,
01:48your trade volume is less or less.
01:50Whatever the trading bids will come,
01:54the price will be cut together.
01:58And then,
01:59the price will be decided by clearing price.
02:02In the three exchanges,
02:04you will get one price.
02:06Now,
02:07I mean,
02:08the rule is for three.
02:09I have told you,
02:10that the market share has 85 to 90% of the market share.
02:14So now,
02:15when they don't have any USP,
02:17then in all places,
02:19we want to buy electricity to IEX
02:21and we want to buy power exchange.
02:23So now,
02:24their monopoly will end up.
02:25So,
02:26their shares are falling.
02:28And in today's time,
02:30when the first trading session happened,
02:32it was 20%.
02:33And then,
02:34if you talk about it,
02:35it was 28%
02:36since the lower circuit started.
02:38And today,
02:39it has made its 52 week low.
02:42Now,
02:43this thing has lost today.
02:45It is a shock.
02:47But,
02:48it is not the market.
02:50I did not know about it.
02:52The brokerage firm,
02:53Elora,
02:54they also said,
02:55Motila Loswal,
02:56IIFL,
02:57they all said
02:58that if
02:59this rule come into existence,
03:01that it is a failure,
03:02then,
03:03the pressure will appear on them.
03:05And exactly,
03:06that happened.
03:07Then,
03:08its share has gone so much.
03:10Absolutely.
03:11Let's go,
03:12thank you for telling us.
03:13And,
03:14for this first way,
03:15what can happen
03:16IEX,
03:17which has a better performance now?
03:19No,
03:20no,
03:21the better not given this year.
03:22I am just correcting
03:23because
03:24IEX monopoly
03:25has a lot of trust.
03:26And,
03:27no,
03:28this is not.
03:29This share,
03:31this year,
03:32it's 22%
03:33because,
03:34this news was happening.
03:35So,
03:36this was already saying it.
03:37And,
03:38in fact,
03:39Elora said
03:40that,
03:4150% market share
03:42will also
03:43go to FOA 27
03:44to 70%
03:45.
03:46It can be seen in India
03:47all power exchanges.
03:48It can be seen in
03:49India.
03:50It can be seen in
03:51the minority trading volume.
03:52It can be seen in
03:53their charges.
03:54This is why
03:55they are in the pressure
03:56but,
03:57it is just the timing.
03:58It is just the timing.
03:59If you are a holder today,
04:01if you are a holder,
04:03you will not give good returns
04:05if you will not give good returns.
04:06So,
04:07you will definitely consult
04:08your financial advisor
04:09but,
04:10who is giving expert
04:11the advice of the way?
04:12What should you do?
04:13You should be prepared
04:14but,
04:15if you are a holder,
04:16if you are a holder,
04:17you will not give good returns.
04:18But,
04:19if you are a holder,
04:20you will not give good returns.
04:21We will give you expert views
04:22on the next video
04:23so,
04:24stay tuned with the good returns.
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