“There is a lack of visibility in earnings for FY22,” said Seshadri Sen, Head-Research at Alchemy Capital Management in an interview to CNBC-TV18.

He said the market needs to wait a few more quarters before gaining confidence in earnings.

On cement, he said, “the cement numbers that have come through are certainly heartening and cement is a sector where ongoing data is reasonably available, most analysts know what production numbers are and what the prices are.”

We do see lot of strength in tech sector, he added.

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