The Sensex at the Bombay Stock Exchange, which fell by nearly 65 points in early trade today, stood at 59 points in the negative territory at 16,096 in late morning deals, when reports last came in. After gaining 117 points in the previous session on Friday, the 30-share BSE index declined by 65 points in the first few minutes of trade today. The fall was on funds' selling, triggered by a weakening trend on other Asian bourses, after Standard and Poor's cut the rating of nine European nations.The wide-based National Stock Exchange Nifty index was trading 25 points in the red at 4,841.In the Asia region, Hong Kong's Hang Seng Index fell by 1 per cent and Japan's Nikkei Index by 1.53 per cent in early trade today.