In an interview with CNBC-TV18, Manish Singh, Chief Strategist and Head of Investments at Crossbridge Capital, spoke about his reading of the market and his outlook on the bond yields.
We have seen a carnage in the volatility market, he said.
If you look in terms of inflation, oil prices are topping out and looking to fall, he added.
I think the correction was overdue and now it has been overdone because there is nothing fundamentally which should make people think that the risk perception has gone up. You will see people buying back, said Singh.
People will start buying from this afternoon and you will see that when the US market opens, he further mentioned.