The electric field inside the conducting hollow metallic sphere is zero when there is no charge placed inside the sphere. The shielding effect means if a charge is placed outside the sphere, the electric field due to that charge will be zero, because on the metallic surface the charge will induced in such a manner that it cancel the effect of outer charge inside the shell.
But, if a charge is placed inside the sphere the electric field lines will be same as always and exist inside the conductor cavity.
It is possible to have a zero electric field due to a dipole, and we know that there is no point where the electric field due to a dipole is zero (not at large distance). The field due to this dipole will only be zero inside the metal of the sphere.