Sensex dips by 249 pts on profit booking

MUMBAI: The Bombay Stock exchange benchmark Sensex fell by 249 points in early morning trade on Monday on emergence of profit selling by funds at the exiting higher levels.
    
The 30-share Sensex, which gained 341 points on Friday, attracted profiting booking and fell by 248.70 points to 20,438.19 in the first five minutes of trade.
    
Similarly, the wide-base National Stock Exchange index, Nifty, slipped by 70.90 points to 6,203.40 points.
    
Selling pressure also gathered momentum following a weak trend in the global stock markets.