Expect crude to come down to USD 50/bbl: Prime Securities

In an interview to CNBC-TV18, N Jayakumar, President of Prime Securities shared his views and readings on the market.

Jayakumar said that some of the short volatility products added to the global market fall last week.

He further said that correction in global markets was overdue.

Commodity and debt markets have remained largely untouched despite fall in equities, he added.

According to him, individual midcaps have got cleaned up between 25 percent and 30 percent.

Talking about crude, he said we expect crude to come down to USD 50 per bbl.

For entire interview, watch accompanying video.