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Stock, commodity and money markets were shut on Wednesday on account of Gandhi Jayanti.
Other Asian markets witnessed a major selloff in opening trade on data showing manufacturing activity in the US has hit a decade low amid mounting trade tensions with China.
Sentiment also remained fragile after North Korea tested a submarine-launched ballistic missile (SLBM) day after it announced plans to hold working-level talks with the US over the weekend.
Australian shares dropped more than 1 per cent.
Japan's Nikkei slid 0.50 per cent.
In overnight trade, Dow Jones Industrial Average tanked 1.28 per cent to 26,573, while the S-P500 index dropped 1.23 per cent to 2,940.25.
Both the indices had their biggest one-day dip since August 23, when US President Donald Trump demanded that American companies seek alternatives to doing business with China, Reuters reported.
On Tuesday, the 30-share Sensex slipped 362 points or 0.94 per cent to end at 38,305, while its NSE counterpart Nifty settled at 11,365.70, down 109 points or 0.95 per cent.
Brent crude futures rose 0.63 per cent to $59.26 a barrel, after hitting a four-week low of $58.41 on Tuesday.
Gold prices also jumped.
