All the attempts made by the Indian market to come out of the nervousness are proving futile. The market confidence has taken a beating because of two main reasons; sudden spurt in Covid-19 cases in the second wave of pandemic and Foreign Portfolio Investors (FPIs) remaining net sellers in Indian equities in the current month till date. The impact of these two factors is so severe that other equally important factors like strong Q4 performance posted by the information technology (IT) companies like TCS and Infosys Technologies have become ineffective.