New Delhi - Indian stocks tumbled in morning trading on Friday as the benchmark Sensex shed 3 per cent on heavy selling by funds and investors tracking weak global markets.

The 30-share-sensitive index, which lost 165.27 points in the trading on Thursday, extended losses for another day as it slumped by 446.84 points to 14,330.17, a loss of 3.02 per cent in early trade.

The bourse recovered slightly and was trading at 14,350 at noon.

The broader S&P CNX Nifty of the National Stock Exchange moved down by 124 points to 4,309.55 as blue chip stocks like Reliance Industries Limited, Infosys Technology, ACC and ITC suffered heavy losses.

Market analysts said that weakness in global markets had a negative impact on trading in the domestic bourses. Asian indices were down between 1 and 3 per cent on Friday morning.

Lower-than-expected quarterly results of Reliance Industries Limited, the country's largest company by market value, also affected the market sentiment, they added. (dpa)