On Friday, an important benchmark index for the Indian equities closed 434 points lower than the closing value recorded during the previous trading session, mainly on the back of concerns of global peers that continued to remain depressed and worried over fears of rapidly rising sovereign debt across European nations and the poorer than expected American job data.

Sensex, the 30-scrip sensitive index of the Bombay Stock Exchange, which had opened the trading session at 16,222.56 points, ended the day at 15,790.93 points, which is a fall of 434.02 points or 2.68% from the index's previous close of 16,224.95 points.

At the National Stock Exchange, on the other hand, the broader 50-share S&P CNX Nifty closed the trading session at ended at 4,718.65 points, in contrast to the previous close at 4,845.35 points, a loss of 2.61% or 126.7 points.

Tata Steel, Hindalco, Jaiprakash Associates and ONGC were all leading the main losers' scoreboard, and there was only one gainer - Tata Power.