Millennium Post

Sensex slides by 256 points

Surrendering early gains, the benchmark BSE Sensex on Monday fell by 256 points to settle below 29,000 level due to late selling mainly in banking, oil & gas and FMCG stocks as investors turned cautious days ahead of the Union Budget.

The 30-share index resumed higher at 29,316.58 against last close of 29,231.41 points. The barometer firmed up further to 29,362.96 on initial buying in early trade.

However, selling in bluechips like RIL, ITC and SBI in late trade dragged the index down to 28,913.16 before ending at 28,975.11, a loss of 256.30 points or 0.88 per cent. It had lost 230 points in previous trade on Friday last.

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