Key benchmark indices pared its intra-day gains pulled down by a sell-off in banking shares after IndusInd bank reported a rise in its net performing assets (NPAs) for the third quarter ended 31st December.
Also most of the day's gains were erased as investors turned cautious and booked profits at higher levels ahead of November index of industrial production data to be released later today
Market however closed in marginally higher supported by IT shares after street gave a thumbs up to Infosys Q3 FY14 results and upbeat trade deficit figures for the month of December.
The 30-share Bombay Stock Exchange (BSE) Sensex closed 36 points higher at 20,749 levels and the 50-unit Nifty of the Nationa Stock Exchange (NSE) was quoting at 6,17 levels, up 3 points.