Mumbai July 20 (IANS) Hopes of political stability as the current government seemed confident of winning the trust vote in parliament lifted investor sentiments in the Indian equity market.
The Nifty 50 on the National Stock Exchange (NSE) reclaimed the psychological level of 11 000 points.
According to market observers recovery in the Indian rupee after it touched a fresh all-time low of 69.12 per dollar earlier in the day also supported investor sentiments.
Index-wise the broader Nifty50 of the NSE closed at 11 010.20 points -- higher by 53.10 points or 0.48 per cent -- from its previous close of 10 957.10 points.
The barometer 30-scrip Sensex on the BSE which had opened at 36 377.03 points closed at 36 496.37 points -- up by 145.14 points or 0.40 per cent -- from its previous session s close of 36 351.23 points.
The Sensex touched a high of 36 567.34 points and a low of 36 335.61 points during the intra-day trade. The BSE market breadth however was tilted towards the bears with 1 437 declines and 1 135 advances.
"Market recouped yesterday s losses supported by recovery in rupee and continuing positive momentum in IT and Pharma stocks said Vinod Nair Head of Research Geojit Financial Services.
He further said the earnings season will pick up pace in the coming weeks and as a consenses market is expecting 14.7 per cent earnings growth for Nifty50 index stocks.
HDFC Securities Head of Retail Research Deepak Jasani said: "Investors were also awaiting the outcome of a no-confidence motion against the NDA government."
On the currency front the rupee closed at 68.85 appreciating by 20 paise from Thursday s close of 69.05 per dollar.
Investment-wise provisional data with exchanges showed that foreign institutional investors bought scrip worth just Rs 310.27 crore and the domestic institutional investors sold stocks worth Rs 50.73 crore.
Sector-wise the S&P BSE IT index gained the most by 216.77 points followed by the captial goods index up 162.36 points and the healthcare rose by 143.15 points.
On the contrary the S&P BSE auto index declined by 96.19 points the oil and gas index was down 94.49 points and the metal index fell by 64.93 points.
The major gainers on the Sensex were Sun Pharma up 2.72 per cent at Rs 559.90; Infosys up 2.42 per cent at Rs 1 348.35; Reliance Industries up 2.23 per cent at Rs 1 128.55; ICICI Bank up 1.84 per cent at Rs 266; and Axis Bank up 1.36 per cent at Rs 534.45 per share.
The top losers were Bajaj Auto down 8.73 per cent at Rs 2 841.10; Vedanta down 2.74 per cent at Rs 202.60; Hero MotoCorp down 2.48 per cent at Rs 3 373.15; ONGC down 2.20 per cent at Rs 157.85; and Kotak Mahindra Bank down 1.24 per cent at Rs 1 333.45 per share.

--IANS rrb/vm