IEX trades a total of 9477 MUs in NovemberIEX - 159 Change: -2.55 (-1.58 %)
News: IEX reported 53.77% YoY and 3.41% MoM growth in November, but resumption in trading of ESCerts and REC is the reason behind the rise in volume. Total volumes in November stands at 9477 MUs. Day ahead market traded 4719 MUs at an average monthly price of 3.1. It is a decrease of 28.15% MoM and by 2.9% YoY. RTM also felt the pressure of increased liquidity on supply side and volumes fell by 34.43% MoM, and stands at 1311MUs. Green Market also traded a cumulative of 457 MUs during the month of November. During the month the exchange accomplished trade in 242,733 ESCents registering a trade volume of 242.7 MUs. REC market which started trading after a gap of 16 months also traded a total of 2444.35 MUs.
Views: Buoyancy in volumes should continue led by resolution of Sebi – CERC, new product launches and shift from other sub segments of short term market to exchanges. We expect strong volume growth in FY22 & F23 led by commencement of long duration contracts, Green Day ahead market and resumption of REC trading.