Step 1: Understanding the Concept
Time period is \(T=2\pi\sqrt{\dfrac{l}{g}}\), where l is the distance from the support to the centre of mass.
Step 2: Sand leaving
At first the centre of mass is at the centre of the sphere. As sand leaks, the centre of mass moves down, so l increases and T increases.
Step 3: Later stage
When most sand is gone, the centre of mass moves back up to the centre of the hollow sphere, so l and T decrease again.
Final Answer:
The time period first increases and then decreases.
\[ \boxed{\text{(D) }\text{T first increases and then decreases}} \]