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Sensex losses over 400 pts after hitting a record high of 29,844.16

Today in late morning trade, benchmark BSE Sensex losses 448.81 points due to fresh selling pressure in banking, consumer durable and FMCG sectors despite buying in realty and power stocks.Sensex opened higher at 29,801.60 and raise up further to a record high of 29,844.16 on strong initial buying in view of strong foreign capital inflows. However, it declined to 29,232.96 on profit-booking, showing a loss of 448.81 points, or 1.