The 30-share barometer, which had gained 81.63 points in the yesterday's highly volatile session, moved down by 58.74, or 0.34 per cent, to 16,853.97 points in early trade.
Similarly, the wide-based National Stock Exchange index Nifty declined by 12.50 points, or 0.24 per cent, to 5,101.65 points.
Brokers said the fall in stock prices was mostly due to profit-booking by participants after yesterday's gains following Finance Minister Pranab Mukherjee announced a slew of measures to provide relief to the equity markets and postponed implementation of the General Anti-Avoidance Rules by one year.
In the Asian region, the Hong Kong's Hang Seng index up 0.05 per cent, while Japan's Nikkei was quoted 0.57 per cent higher in early trade.
