New Delhi, March 2 -- Ravi Singh, Senior Vice President of Retail Research at Religare Broking, believes weak quarterly earnings and tariff risks are the key headwinds for the market, and the Indian stock market may not rebound anytime soon. In an interview with Mint, Singh said he is positive about the IT and banking sector and believes they may lead the next leg of a rally in the market. Here is an edited excerpt of the interview:

The Nifty 50 index has corrected 4153 points, or 15.80 per cent, from its all-time high of 26,277 on September 27. The MSCI India index is trading at a PE ratio of 21 times, making it an attractive entry point for building a position.

However, certain factors, like FII's heavy selloff in equity markets, are ...