Indian share prices closed down nearly four percent on Friday in volatile trade, the second straight big session loss, on a funds sell-off over US interest rate concerns, dealers said.
They said steel, automobile and consumer goods stocks were hardest hit amid investor reluctance to build up positions ahead of the weekend.
The benchmark 30-share Sensex fell 452.82 points or 3.9 percent to 10,938.61, after striking a low of 10,799.01.
"The mayhem continued today with some bargain-hunting in early trade unable to stall the markets slide. We should be getting close to the market's bottom from here," said Atul Hatwar, dealer at brokerage Crosseas Securities.
"We are getting into the 'buy-stocks' zone again," he said.
The Sensex has now shed 1,673 points or 12.3 percent in just six trading sessions, but remains up 16.3 percent this year on overseas fund buying of 4.33 billion dollars.
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