Monday's drop followed an 8.5 per cent slump in Chinese markets.
The Fed has said it wants to be "reasonably confident" in the inflation outlook before a rate hike.
Business is down to such an extent that last year these firms could not even meet RBI's capital norm of Rs 50 million for partnerships and Rs 100 million for public and private firms in this line of business.
The Dow has never lost more than 800 points in a day.
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