New Delhi, Jan. 9 -- Indian Energy Exchange (IEX) share price crashed by nearly 7% to Rs.139.80 apiece in Friday's trading session after the exchange sought clarification regarding the launch of gas futures, and amid the hearing by the Electricity Appellate Tribunal (APTEL) on market coupling norms.

IEX shares opened higher on January 9 and climbed to an intraday peak of Rs.159.80, but later pared all gains and dropped more than 11% from intraday high levels.

BSE sought clarification from the company regarding a report titled NSE, IGX in talks to launch India's first natural gas futures contract. In response, IEX dismissed the reports about the company being in talks with IGX, saying that NSE and IGX are in talks to develop and launch a...