BENGALURU, Aug 5 (Reuters) - Indian shares tumbled about 2% on Monday in their steepest intra-day drop in two months, but faring slightly better than its Asian peers in a sell-off in global equities on fears of a slowdown in U.S. economic growth.

The NSE Nifty 50 index slid 1.9% to 24,240, as of 9:39 a.m IST and the S&P BSE Sensex dropped 1.9% to 79,424.

U.S. jobs growth slowed more than expected in July, data showed on Friday. U.S. non-farm payrolls were well below expectations, the previous month's numbers were revised lower and most importantly, the unemployment rate climbed to a near three-year high.

The weak U.S. labour market data has triggered fears of a growth slowdown, which is bad news for global equities as a whole, said Pramod Gubbi, co-founder of Marcellus Investment Managers.

Asian equities tumbled, with the MSCI Asia ex-Japan index dropping 2.7%. Japan's Nikkei shed 5.5% to hit seven-month lows, while U.S. stock futures continued their tumble from Friday, with Nasdaq futures down 3%.

Although Indian stocks fared relatively better, the rupee fell to a record low and bond yields dropped to their lowest in 2 years.

All thirteen major stock sub-indexes were in the red, led by the realty index's 5% slide.

The small-cap and mid-cap indexes were down more than 2% each.

Oil & Natural Gas Corp shares fell 4.4%, the most on the Nifty 50 index.

Titan shares fell 2.3% after the jeweller and watchmaker missed first-quarter profit estimates. (Reporting by Sethuraman NR in Bengaluru; Editing by Savio D'Souza)