Sensex down by 16 points in opening trade
The 30-share BSE index, which rose by 472.93 points in the previous session, eased by 16.40, or 0.10 per cent, to 16,507.63 in the first five minutes of trade today.
In a similar fashion, the wide-based National Stock Exchange Nifty index shed 6.50 points, or 0.13 per cent, to 4,964.75, with stocks of realty, auto and metal sectors trading in the red.
Brokers said investors were seen booking profits at existing higher levels following the upswing in the market`s fortunes yesterday.
Meanwhile, Hong Kong`s Hang Seng index was down by 1.11 per cent, while Japan`s Nikkei index was trading 0.49 per cent higher in early trade today.