The main US stock indexes opened higher on Tuesday, a day after their biggest drop since the 1987 crash, as efforts to contain the rapidly spreading coronavirus upended parts of the economy and dampened business sentiment.

Volatility has been the name of the game on Dalal Street in the last few days. At 7:00 am, the SGX Nifty is trading 85.40 points or 0.96 percent higher at 9,001.00, indicating a positive start for the Sensex and Nifty50. Overnight, Wall Street jumped after Monday's historic sell-off as the Dow Jones Industrial Average rose 1,048.86 points, or 5.2 percent on hopes of a Fed stimulus as the world grapples with the coronavirus pandemic. Asian stocks are trading mixed however as the Dow Futures is down more than 500 points.

The S&P 500 rose 6 percent on Tuesday, clawing back a significant portion of Monday's steep losses, as the Federal Reserve and the White House took further steps to boost liquidity and stem damage from the coronavirus outbreak that has gripped the global economy.

Does the recent correction mean that investors should now seriously start deploying capital into stocks?