Traders on the floor of the New York Stock Exchange (NYSE). Stocks opened higher on Friday with the Dow up over 300 points. Pic/Getty Images/AFP

As expected, equity markets across the globe started falling with the huge volatility. The fear index (VIX) in US moved above 40 at one point of time and finally on Friday it closed lower by 13 per cent at 29, which is still very high, indicating market uncertainty.