In Asia, Hang Seng fell 975 points or 3.13%, Nikkei crashed 974 points or 4.51% and the Taiwan Sec Index was down 182 points or 1.66%. India felt the jitters of the global market crash with the Sensex and Nifty falling up to 523 points and 150 points, respectively.
The Indian economy is showing signs of recovery as corporate numbers for Q3FY18 has improved.
Markets continue to remain volatile after rising US government bond yields triggered global sell off. BSE Sensex has lost over 2040 points since the budget day.
Out of 7,659 listed companies, 284 stocks were trading at a discount to their face value on 1 March 2018.
The recent market volatility has eroded investors wealth worth Rs 4.14 lakh crores since 31 Jan 2018.
Finance Minister Arun Jaitley proposed to cut the corporate income tax rate to 25 percent for companies with a turnover of upto Rs 250 crore.
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