Erasing early gains, the Bombay Stock Exchange Benchmark Sensex dipped below the 17,000 level after losing over 53 points at 1000hrs today on emergence of profit-booking at existing higher levels.
The 30-share Sensex, which had opened nearly 25 points higher, fell back with a loss of 53.11 points to 16,946.90 points in first one hour of trading.
The wide-based National Stock Exchange index Nifty also lost 21.30 points at 5,066.80 points.
The Sensex had gained nearly 750 points in last three trading session.
