Erasing its initial losses, the benchmark BSE Sensex rose over 50 points in morning trade in Monday. At 10.30 am, Sensex was up 66.12 points at 26,491.42. Nifty was up marginally up 2.55 points at 7,985.45 during the same time.
Earlier, the Sensex fell over 117 points in early trade on continued capital outflows by foreign funds and selling by investors despite improved IIP numbers and steady inflation data. The NSE Nifty shed 38.05 points, or 0.47 per cent, at 7,944.85.