The stock market crashed nearly 430 points in opening trade on Monday on funds selling, triggered by weakening global markets.
The Bombay Stock Exchange benchmark Sensex which had lost nearly 273 points in the previous sessions, lost another 431.24 points, or 2.93 per cent sliding down to 12,454.89 in the first five minutes of trading.
Similarly, the Nifty index on the wide-base National Stock Exchange fell by 118.35 points at 3608.40.
Market observers said Wall Street's continued weakness last week on slowdown concerns and melt down on Asian markets dampened the trading sentiments in Mumbai
All the BSE-30 and NSE-50 shares were in the negative zone with steep falls.