After four straight days of gains, investors on Dalal Street took profit off the table amid lingering concerns on the Covid front and roadblocks in the vaccination drive. A weak global market mood further exacerbated the fall with the selloff gathering steam in the late afternoon session as investors unwound positions ahead of the weekend.
India for the ninth day reported cases over 3 lakh with the caseload nearing the 4 lakh mark. In the last 24 hours, the total fresh Covid cases stood at 3,86,693. Meanwhile, delay in vaccination amid shortages of jabs is hurting sentiment on the Street as investors banked on India's economy to revive amid a faster inoculation programme. States like Maharashtra, Karnataka and Delhi have flagged vaccine shortages.