Sensex dips below 16k, down by 204 pts

The 30-share index, which has regained the 16,000 level on Wednesday, tumbles by 203.80 pts to 15,883.03 in early trade.

The Bombay Stock Exchange benchmark Sensex lost 204 points and moved below the 16,000 level in early trade on Thursday on emergence of profit booking by funds.

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The 30-share index, which has regained the 16,000 level on March 25, tumbled by 203.80 points to 15,883.03 in the first five minutes of trade.

The wide-base National Stock Exchange Index, Nifty, also lost 59.25 points to 4,769.60.

Selling pressure was more confined to banking and auto stocks, marketmen said.