The Indian stock market, represented by the Nifty and Sensex indices, has experienced significant volatility recently. After logging single-digit growth for two consecutive quarters, the Nifty fell for the seventh straight session, closing below 23,400, marking a nearly 11% decline from its September highs. The Sensex also slipped below 77,350. The downturn has been attributed to disappointing Q2 earnings and foreign institutional investor (FII) outflows, with IT stocks facing the most pressure, dropping over 3% as concerns about interest rates persist. Despite these challenges, metal stocks gained traction due to new export rebate norms from China. On a more positive note, the NTPC Green Energy IPO, valued at ₹10,000 crore, opened for subscription on November 19, with anchor investors contributing ₹3,960 crore at an upper price band of ₹108 per share. The IPO aims to support NTPC's ambition of expanding its renewable energy capacity to 60 GW.