Erasing initial losses, the Sensex at the Bombay Stock Exchange gained 60 points a shortwhile ago. The 30-share barometer which had fell by 59 points in early trade today stood 60 points in the positive territory at 16,606 when reports last came in. In a similar fashion, the wide-based National Stock Exchange index Nifty was up by 11 points at 5,011 a shortwhile ago.