{"id":24687,"date":"2026-04-20T10:22:17","date_gmt":"2026-04-20T04:52:17","guid":{"rendered":"https:\/\/trending.niftytrader.in\/?p=24687"},"modified":"2026-04-20T10:22:17","modified_gmt":"2026-04-20T04:52:17","slug":"iex-cerc-market-coupling-pricing-risk","status":"publish","type":"post","link":"https:\/\/www.niftytrader.in\/markets\/iex-cerc-market-coupling-pricing-risk\/","title":{"rendered":"IEX Cracks 6% as CERC Moves Closer to Market Coupling \u2014 Is Its Pricing Power at Risk?"},"content":{"rendered":"<p data-start=\"107\" data-end=\"339\">Shares of <a href=\"https:\/\/www.iexindia.com\/\" rel=\"noopener\"><span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Indian Energy Exchange Ltd.<\/span><\/span> <\/a>dropped over <strong data-start=\"168\" data-end=\"192\">6% intraday to ~\u20b9127<\/strong>\u00a0as the market reacted sharply to a regulatory update that signals <strong data-start=\"260\" data-end=\"338\">market coupling is no longer just a theory; it is moving toward execution<\/strong>.<\/p>\n<p data-start=\"341\" data-end=\"620\">The selling wasn\u2019t about the announcement alone; it was about a <strong data-start=\"406\" data-end=\"430\">shift in probability<\/strong>. With the regulator now outlining <em data-start=\"465\" data-end=\"515\">who will run the system and how it will function<\/em>, traders are reassessing a key assumption:<br data-start=\"558\" data-end=\"561\" \/>\ud83d\udc49 <em data-start=\"564\" data-end=\"620\">What if IEX actually loses control of price discovery?<\/em><\/p>\n<h2 data-section-id=\"5xl415\" data-start=\"627\" data-end=\"662\">What Triggered the Move Today<\/h2>\n<p data-start=\"664\" data-end=\"768\">The <span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Central Electricity Regulatory Commission<\/span><\/span> released a <strong data-start=\"717\" data-end=\"755\">draft framework on market coupling<\/strong>, confirming:<\/p>\n<ul data-start=\"770\" data-end=\"1001\">\n<li data-section-id=\"gzmayn\" data-start=\"770\" data-end=\"853\"><span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Grid India<\/span><\/span> as the <strong data-start=\"817\" data-end=\"851\">Market Coupling Operator (MCO)<\/strong><\/li>\n<li data-section-id=\"kf5mp4\" data-start=\"854\" data-end=\"934\">A <strong data-start=\"858\" data-end=\"906\">centralised, algorithm-based matching system<\/strong> for bids across exchanges<\/li>\n<li data-section-id=\"wrv5uk\" data-start=\"935\" data-end=\"1001\">A <strong data-start=\"939\" data-end=\"972\">uniform market clearing price<\/strong> regardless of the platform<\/li>\n<\/ul>\n<p data-start=\"1003\" data-end=\"1104\">This adds a crucial layer of clarity:<br data-start=\"1040\" data-end=\"1043\" \/>\ud83d\udc49 Not just <em data-start=\"1055\" data-end=\"1063\">intent<\/em>, but <strong data-start=\"1069\" data-end=\"1104\">execution design is now visible<\/strong><\/p>\n<h2 data-section-id=\"bf5pdl\" data-start=\"1111\" data-end=\"1161\">What Changed And Why This Time Is Different<\/h2>\n<p data-start=\"1163\" data-end=\"1250\">Market coupling has been discussed for years. But today\u2019s update changes the narrative:<\/p>\n<ul data-start=\"1252\" data-end=\"1419\">\n<li data-section-id=\"1dhhqt5\" data-start=\"1252\" data-end=\"1309\"><strong data-start=\"1254\" data-end=\"1307\">Operator identified \u2192 execution credibility rises<\/strong><\/li>\n<li data-section-id=\"1wixqbq\" data-start=\"1310\" data-end=\"1358\"><strong data-start=\"1312\" data-end=\"1356\">Mechanism outlined \u2192 uncertainty reduces<\/strong><\/li>\n<li data-section-id=\"1dozmh4\" data-start=\"1359\" data-end=\"1419\"><strong data-start=\"1361\" data-end=\"1417\">Consultation underway \u2192 timeline visibility improves<\/strong><\/li>\n<\/ul>\n<p data-start=\"1421\" data-end=\"1605\">More importantly, coupling is <strong data-start=\"1451\" data-end=\"1522\">already being considered in phases (starting with the day-ahead market),<\/strong>\u00a0meaning this is part of a <strong data-start=\"1550\" data-end=\"1604\">progressing regulatory pipeline, not a fresh idea<\/strong>.<\/p>\n<p data-start=\"1607\" data-end=\"1721\">\ud83d\udc49 That shift from <em data-start=\"1628\" data-end=\"1644\">uncertain risk<\/em> to <em data-start=\"1648\" data-end=\"1680\">structured rollout possibility<\/em> is what triggered the market reaction.<\/p>\n<h2 data-section-id=\"1ib1vva\" data-start=\"1728\" data-end=\"1770\">What the Market Is Really Pricing In<\/h2>\n<p data-start=\"1772\" data-end=\"1857\">This is not about immediate earnings impact. It\u2019s about <strong data-start=\"1828\" data-end=\"1856\">control of pricing power<\/strong>.<\/p>\n<p data-start=\"1859\" data-end=\"1902\">IEX\u2019s dominance has historically come from:<\/p>\n<ul data-start=\"1903\" data-end=\"2006\">\n<li data-section-id=\"appje5\" data-start=\"1903\" data-end=\"1927\">~85\u201390% market share<\/li>\n<li data-section-id=\"17r5jie\" data-start=\"1928\" data-end=\"1971\">Strong liquidity-driven network effects<\/li>\n<li data-section-id=\"130t6yu\" data-start=\"1972\" data-end=\"2006\"><strong data-start=\"1974\" data-end=\"2006\">Control over price discovery<\/strong><\/li>\n<\/ul>\n<p data-start=\"2008\" data-end=\"2059\">Market coupling directly disrupts that last pillar.<\/p>\n<p data-start=\"2061\" data-end=\"2078\">Once implemented:<\/p>\n<ul data-start=\"2079\" data-end=\"2280\">\n<li data-section-id=\"7iicwf\" data-start=\"2079\" data-end=\"2131\">Price discovery moves to a <strong data-start=\"2108\" data-end=\"2129\">central mechanism<\/strong><\/li>\n<li data-section-id=\"12g448n\" data-start=\"2132\" data-end=\"2232\">Exchanges become <strong data-start=\"2151\" data-end=\"2204\">execution platforms (bid collection + settlement)<\/strong> rather than price setters<\/li>\n<li data-section-id=\"laxskv\" data-start=\"2233\" data-end=\"2280\">Liquidity advantage becomes less defensible<\/li>\n<\/ul>\n<p data-start=\"2282\" data-end=\"2356\">\ud83d\udc49 This is a <strong data-start=\"2295\" data-end=\"2324\">structural downgrade risk<\/strong>, not just a competitive threat.<\/p>\n<h2 data-section-id=\"1surp9z\" data-start=\"2363\" data-end=\"2403\">Policy vs Market: The Core Tension<\/h2>\n<p data-start=\"2405\" data-end=\"2447\">One critical dimension driving volatility:<\/p>\n<ul data-start=\"2449\" data-end=\"2709\">\n<li data-section-id=\"r9jrb2\" data-start=\"2449\" data-end=\"2598\"><strong data-start=\"2451\" data-end=\"2472\">Regulator\u2019s goal:<\/strong>\n<ul data-start=\"2477\" data-end=\"2598\">\n<li data-section-id=\"hec20y\" data-start=\"2477\" data-end=\"2510\">Eliminate price fragmentation<\/li>\n<li data-section-id=\"h9usbq\" data-start=\"2513\" data-end=\"2552\">Improve efficiency and transparency<\/li>\n<li data-section-id=\"1i31o15\" data-start=\"2555\" data-end=\"2598\">Ensure uniform pricing across exchanges<\/li>\n<\/ul>\n<\/li>\n<li data-section-id=\"1bqc2i7\" data-start=\"2600\" data-end=\"2709\"><strong data-start=\"2602\" data-end=\"2620\">Market\u2019s fear:<\/strong>\n<ul data-start=\"2625\" data-end=\"2709\">\n<li data-section-id=\"11nsgyg\" data-start=\"2625\" data-end=\"2647\">Margin compression<\/li>\n<li data-section-id=\"1eht2ph\" data-start=\"2650\" data-end=\"2666\">Loss of moat<\/li>\n<li data-section-id=\"6jz63l\" data-start=\"2669\" data-end=\"2709\">Commoditisation of exchange business<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p data-start=\"2711\" data-end=\"2797\">\ud83d\udc49 This <strong data-start=\"2719\" data-end=\"2755\">policy vs profitability conflict<\/strong> is at the heart of the current repricing.<\/p>\n<h2 data-section-id=\"kz2tia\" data-start=\"2804\" data-end=\"2865\">Competition Angle: Level Playing Field Changes the Game<\/h2>\n<p data-start=\"2867\" data-end=\"2951\">Market coupling doesn\u2019t just impact IEX; it <strong data-start=\"2912\" data-end=\"2950\">reshapes the competitive landscape<\/strong>:<\/p>\n<ul data-start=\"2953\" data-end=\"3154\">\n<li data-section-id=\"1uj7ijc\" data-start=\"2953\" data-end=\"3059\"><span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Power Exchange India Limited<\/span><\/span> and <span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Hindustan Power Exchange<\/span><\/span> gain structural parity<\/li>\n<li data-section-id=\"1mm9c6g\" data-start=\"3060\" data-end=\"3101\">Earlier disadvantage: lower liquidity<\/li>\n<li data-section-id=\"1scndzk\" data-start=\"3102\" data-end=\"3154\">Post-coupling: <strong data-start=\"3119\" data-end=\"3154\">same price, different platforms<\/strong><\/li>\n<\/ul>\n<p data-start=\"3156\" data-end=\"3183\">\ud83d\udc49 Competition shifts from:<\/p>\n<ul data-start=\"3184\" data-end=\"3262\">\n<li data-section-id=\"wagjd1\" data-start=\"3184\" data-end=\"3213\">\u201cWho has liquidity?\u201d<br data-start=\"3206\" data-end=\"3209\" \/>to<\/li>\n<li data-section-id=\"xiz27h\" data-start=\"3214\" data-end=\"3262\">\u201cWho can attract orders post price discovery?\u201d<\/li>\n<\/ul>\n<p data-start=\"3264\" data-end=\"3298\">That\u2019s a much tighter battlefield.<\/p>\n<h2 data-section-id=\"3hb7aq\" data-start=\"3305\" data-end=\"3362\">Why This Reaction Feels Familiar But More Serious<\/h2>\n<p data-start=\"3364\" data-end=\"3423\">This isn\u2019t the first time IEX has reacted to coupling news:<\/p>\n<ul data-start=\"3425\" data-end=\"3544\">\n<li data-section-id=\"1r0awpg\" data-start=\"3425\" data-end=\"3477\">Past declines were driven by <strong data-start=\"3456\" data-end=\"3475\">headline shocks<\/strong><\/li>\n<li data-section-id=\"lgjzu6\" data-start=\"3478\" data-end=\"3544\">Interim rallies came from <strong data-start=\"3506\" data-end=\"3542\">hope of delays or legal pushback<\/strong><\/li>\n<\/ul>\n<p data-start=\"3546\" data-end=\"3569\">But today is different:<\/p>\n<p data-start=\"3571\" data-end=\"3654\">\ud83d\udc49 The market is now reacting to <strong data-start=\"3604\" data-end=\"3628\">execution visibility<\/strong>, not just policy intent<\/p>\n<p data-start=\"3656\" data-end=\"3685\">This marks a transition from:<\/p>\n<ul data-start=\"3686\" data-end=\"3737\">\n<li data-section-id=\"1xema3u\" data-start=\"3686\" data-end=\"3737\"><strong data-start=\"3688\" data-end=\"3737\">Speculation phase \u2192 Implementation phase risk<\/strong><\/li>\n<\/ul>\n<h2 data-section-id=\"1s9rg3f\" data-start=\"3744\" data-end=\"3788\">Trader Positioning: The Shift Underway<\/h2>\n<p data-start=\"3790\" data-end=\"3821\">Positioning is subtly changing:<\/p>\n<ul data-start=\"3823\" data-end=\"3943\">\n<li data-section-id=\"f6qh7m\" data-start=\"3823\" data-end=\"3882\">Earlier trade: <strong data-start=\"3840\" data-end=\"3880\">\u201cBuy dips coupling may not happen\u201d<\/strong><\/li>\n<li data-section-id=\"1ipza2t\" data-start=\"3883\" data-end=\"3943\">Emerging trade: <strong data-start=\"3901\" data-end=\"3943\">\u201cSell rallies coupling risk is real\u201d<\/strong><\/li>\n<\/ul>\n<p data-start=\"3945\" data-end=\"3958\">Implications:<\/p>\n<ul data-start=\"3960\" data-end=\"4142\">\n<li data-section-id=\"1ide30q\" data-start=\"3960\" data-end=\"4012\">Upside may face <strong data-start=\"3978\" data-end=\"4010\">supply from positional longs<\/strong><\/li>\n<li data-section-id=\"15u3qjg\" data-start=\"4013\" data-end=\"4073\">Volatility likely to stay elevated around policy updates<\/li>\n<li data-section-id=\"1df2fwg\" data-start=\"4074\" data-end=\"4142\">Valuation compression risk can play out <strong data-start=\"4116\" data-end=\"4142\">before earnings impact<\/strong><\/li>\n<\/ul>\n<h2 data-section-id=\"1us8ygv\" data-start=\"4149\" data-end=\"4185\">What Traders Should Watch Next<\/h2>\n<p data-start=\"4187\" data-end=\"4206\">Key triggers ahead:<\/p>\n<ul data-start=\"4208\" data-end=\"4401\">\n<li data-section-id=\"zn095q\" data-start=\"4208\" data-end=\"4260\">Final CERC notification (any dilution vs draft?)<\/li>\n<li data-section-id=\"1pxex3l\" data-start=\"4261\" data-end=\"4312\">Implementation roadmap (phased vs full rollout)<\/li>\n<li data-section-id=\"13tx2dr\" data-start=\"4313\" data-end=\"4345\">Legal or industry resistance<\/li>\n<li data-section-id=\"1jravwk\" data-start=\"4346\" data-end=\"4401\">Volume and market share shifts post-initial rollout<\/li>\n<\/ul>\n<h2 data-section-id=\"9g5vhn\" data-start=\"4408\" data-end=\"4475\">Forward-Looking Risk: Perception May Move Faster Than Reality<\/h2>\n<p data-start=\"4477\" data-end=\"4536\">There is still <strong data-start=\"4492\" data-end=\"4507\">uncertainty<\/strong> around timing and execution.<\/p>\n<p data-start=\"4538\" data-end=\"4566\">But the bigger risk is this:<\/p>\n<blockquote data-start=\"4568\" data-end=\"4718\">\n<p data-start=\"4570\" data-end=\"4718\">If the market starts believing IEX is no longer the price discovery engine,<br data-start=\"4645\" data-end=\"4648\" \/>valuation compression can happen <strong data-start=\"4683\" data-end=\"4718\">ahead of actual business impact<\/strong><\/p>\n<\/blockquote>\n<p data-start=\"4720\" data-end=\"4751\">That creates a dangerous setup:<\/p>\n<ul data-start=\"4752\" data-end=\"4805\">\n<li data-section-id=\"r12zqe\" data-start=\"4752\" data-end=\"4777\">Fundamentals may hold<\/li>\n<li data-section-id=\"1icfyh4\" data-start=\"4778\" data-end=\"4805\">But <strong data-start=\"4784\" data-end=\"4805\">multiples may not<\/strong><\/li>\n<\/ul>\n<h2 data-section-id=\"ufwcbo\" data-start=\"4812\" data-end=\"4829\">Bottom Line<\/h2>\n<p data-start=\"4831\" data-end=\"4921\">This update confirms that <strong data-start=\"4857\" data-end=\"4920\">market coupling is entering a more credible execution phase<\/strong>.<\/p>\n<p data-start=\"4923\" data-end=\"5038\">The market is no longer debating <em data-start=\"4956\" data-end=\"4971\">if it matters; <\/em>it is now pricing <strong data-start=\"4994\" data-end=\"5037\">how much of IEX\u2019s dominance survives it<\/strong>.<\/p>\n<p data-start=\"5040\" data-end=\"5077\">And that\u2019s where the discomfort lies.<\/p>\n<p data-start=\"5040\" data-end=\"5077\">Also Read: <a href=\"https:\/\/www.niftytrader.in\/markets\/ipo-news\/razorpay-ipo-bankers-valuation-reset-india\/\">Razorpay Lines Up IPO Bankers, Targets $700M\u2014Why the Lower Valuation Is Driving Smart Money Interest<\/a><\/p>\n<h2 data-start=\"5040\" data-end=\"5077\">FAQs<\/h2>\n<h3 data-section-id=\"1a25pe2\" data-start=\"61\" data-end=\"132\">1. Why did <span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Indian Energy Exchange Ltd<\/span><\/span> shares fall today?<\/h3>\n<p data-start=\"133\" data-end=\"386\">IEX shares fell over 6% after the <span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Central Electricity Regulatory Commission<\/span><\/span> released a draft framework on market coupling, signalling that <strong data-start=\"268\" data-end=\"339\">centralised price discovery may soon replace exchange-level pricing<\/strong>, directly impacting IEX\u2019s core business model.<\/p>\n<h3 data-section-id=\"w9q0i9\" data-start=\"393\" data-end=\"448\">2. What is market coupling in India\u2019s power sector?<\/h3>\n<p data-start=\"449\" data-end=\"723\">Market coupling is a regulatory mechanism where <strong data-start=\"497\" data-end=\"590\">electricity prices across all power exchanges are determined through a centralised system<\/strong>, instead of each exchange discovering prices independently. This is aimed at improving efficiency and eliminating price differences.<\/p>\n<h3 data-section-id=\"1dyq5fq\" data-start=\"730\" data-end=\"778\">3. Who will manage market coupling in India?<\/h3>\n<p data-start=\"779\" data-end=\"984\">As per the latest draft, <span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Grid India<\/span><\/span> has been proposed as the <strong data-start=\"867\" data-end=\"901\">Market Coupling Operator (MCO)<\/strong>, responsible for aggregating bids and determining a uniform market clearing price.<\/p>\n<h3 data-section-id=\"1c28bt7\" data-start=\"991\" data-end=\"1051\">4. How does market coupling affect IEX\u2019s business model?<\/h3>\n<p data-start=\"1052\" data-end=\"1162\">Market coupling can <strong data-start=\"1072\" data-end=\"1102\">reduce IEX\u2019s pricing power<\/strong>, as price discovery shifts to a central system. This could:<\/p>\n<ul data-start=\"1163\" data-end=\"1288\">\n<li data-section-id=\"1uj0u7u\" data-start=\"1163\" data-end=\"1202\">Weaken its network-effect advantage<\/li>\n<li data-section-id=\"198xfpr\" data-start=\"1203\" data-end=\"1250\">Increase competition from smaller exchanges<\/li>\n<li data-section-id=\"zwxlpn\" data-start=\"1251\" data-end=\"1288\">Put pressure on margins over time<\/li>\n<\/ul>\n<h3 data-section-id=\"xczvsc\" data-start=\"1295\" data-end=\"1349\">5. Which competitors benefit from market coupling?<\/h3>\n<p data-start=\"1350\" data-end=\"1563\">Smaller exchanges like <span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Power Exchange India Limited<\/span><\/span> and <span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Hindustan Power Exchange<\/span><\/span> could benefit, as <strong data-start=\"1471\" data-end=\"1525\">price uniformity removes IEX\u2019s liquidity advantage<\/strong>, creating a more level playing field.<\/p>\n<h3 data-section-id=\"mj0hzy\" data-start=\"1570\" data-end=\"1625\">6. Is market coupling already implemented in India?<\/h3>\n<p data-start=\"1626\" data-end=\"1816\">Not yet. The regulator has released a <strong data-start=\"1664\" data-end=\"1683\">draft framework<\/strong>, and implementation is expected to be <strong data-start=\"1722\" data-end=\"1781\">phased, likely starting with the Day-Ahead Market (DAM)<\/strong>. Final timelines remain uncertain.<\/p>\n<h3 data-section-id=\"3aua5h\" data-start=\"1823\" data-end=\"1886\">7. Why is the market reacting before actual implementation?<\/h3>\n<p data-start=\"1887\" data-end=\"2078\">Markets are forward-looking. The latest update reduces uncertainty and increases the <strong data-start=\"1972\" data-end=\"2000\">probability of execution<\/strong>, leading to early <strong data-start=\"2019\" data-end=\"2077\">valuation adjustment even before earnings are impacted<\/strong>.<\/p>\n<h3 data-section-id=\"15akzzk\" data-start=\"2085\" data-end=\"2139\">8. What is the biggest risk for IEX going forward?<\/h3>\n<p data-start=\"2140\" data-end=\"2348\">The biggest risk is a <strong data-start=\"2162\" data-end=\"2182\">perception shift;<\/strong>\u00a0if traders start believing that IEX is no longer the dominant price discovery platform, <strong data-start=\"2273\" data-end=\"2347\">valuation multiples could compress faster than actual business decline<\/strong>.<\/p>\n<h3 data-section-id=\"1i1d9tz\" data-start=\"2355\" data-end=\"2418\">9. Does market coupling reduce electricity prices in India?<\/h3>\n<p data-start=\"2419\" data-end=\"2622\">Potentially yes. The regulator\u2019s objective is to <strong data-start=\"2468\" data-end=\"2546\">improve efficiency, reduce price fragmentation, and ensure uniform pricing<\/strong>, which may lead to better price discovery and cost optimisation for buyers.<\/p>\n<h3 data-section-id=\"z12nzj\" data-start=\"2629\" data-end=\"2675\">10. What should traders watch next in IEX?<\/h3>\n<p data-start=\"2676\" data-end=\"2697\">Traders should track:<\/p>\n<ul data-start=\"2698\" data-end=\"2838\">\n<li data-section-id=\"1dbjis2\" data-start=\"2698\" data-end=\"2732\">Final CERC policy announcement<\/li>\n<li data-section-id=\"1avucbd\" data-start=\"2733\" data-end=\"2768\">Implementation timeline clarity<\/li>\n<li data-section-id=\"wk880d\" data-start=\"2769\" data-end=\"2793\">Any legal challenges<\/li>\n<li data-section-id=\"t5xgtg\" data-start=\"2794\" data-end=\"2838\">Changes in market share across exchanges<\/li>\n<\/ul>\n<p data-start=\"2840\" data-end=\"2952\" data-is-last-node=\"\" data-is-only-node=\"\">\ud83d\udc49 These factors will decide whether the current sell-off is <strong data-start=\"2901\" data-end=\"2951\">temporary volatility or a structural downtrend<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Indian Energy Exchange Ltd. dropped over 6% intraday to ~\u20b9127\u00a0as the market reacted sharply to a regulatory update that signals market coupling is no longer just a theory; it is moving toward execution. The selling wasn\u2019t about the announcement alone; it was about a shift in probability. With the regulator now outlining who [&hellip;]<\/p>\n","protected":false},"author":11,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[615],"tags":[],"ppma_author":[1523],"class_list":{"0":"post-24687","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-stock-market-news"}," _eael_post_view_count":0,"authors":[{"term_id":1523,"user_id":11,"is_guest":0,"slug":"nikki","display_name":"Nikki Lodha","avatar_url":"https:\/\/secure.gravatar.com\/avatar\/ae2e265bd56e0e890c866fbaa55d29846ba20cc5372adf666652268816af117e?s=96&d=mm&r=g","0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":""}],"_links":{"self":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/24687","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/comments?post=24687"}],"version-history":[{"count":2,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/24687\/revisions"}],"predecessor-version":[{"id":24690,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/24687\/revisions\/24690"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media\/24688"}],"wp:attachment":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media?parent=24687"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/categories?post=24687"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/tags?post=24687"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/ppma_author?post=24687"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}