All the sectoral indices led by metal, power and FMCG were trading in the red, falling by up to 2.14 per cent. The NSE Nifty fell 30.85 points, or 0.30 per cent, to 10,155.75 in early trade.
Exports entered negative terrain after over a year, contracting 1.12 per cent in October. Trade deficit widened to almost a three-year high of $14 billion last month as imports surged.
Metal stocks suffered the most following decline in metal prices in the global market, traders said.
Sun Pharma suffered the most among Sensex components by tumbling 2.54 per cent after the pharma major yesterday reported a big drop in consolidated net profit. Other prominent losers included Tata Steel, ONGC, NTPC, M&M and ITC Ltd.
Among other Asian markets, Hong Kong's Hang Seng shed 0.10 per cent while Japan's Nikkei was down by 0.93 per cent in early trade today. The Shanghai Composite Index too inched lower by 0.53 per cent. The US Dow Jones Industrial Average ended 0.13 per cent lower yesterday. (With Agency Inputs)