Two identical point charges at vertices A and B of an equilateral triangle produce an electric field at point P. The electric field at P due to the two charges is \( E \).
When a conducting sphere is placed at point P, the electric field inside a conductor is always zero. This happens because the free charges in the conductor rearrange to cancel any external electric field.
Thus, the electric field at point P becomes zero after the conducting sphere is placed, corresponding to option (D).