The Bombay Stock Exchange benchmark Sensex on Friday tanked 434 points in early trade in line with the meltdown in overseas markets.
The 30-share index, which had lost 271.10 points in the previous session, plunged further by 434.46 points to 15,790.49 points.
The wide-based National Stock Exchange index Nifty plunged by 129.80 points to 4,715.55 points.
Marketmen said investors sold shares heavily after a steep fall in the US and Asian stocks markets as poor US job data stoked concerns over the strength of an economic recovery sending commodity and energy prices tumbling.