The Bombay Stock Exchange benchmark Sensex on Monday rose by about 57 points in opening trade. However, later it shed its early gains and was trading in red. Sensex was down by over 59 points at 16751 when reports last came in. Similarly, Nifty of National Stocks exchange was at 4975, down by over 22 points. Meanwhile, Hong Kong's index Hang Seng was up 1.75 per cent, while Japan's Nikkei rose by 0.70 per cent higher in the morning trade.