The NSE index Nifty climbed 19.65 points, or 0.18 per cent, to 10,441.05.
Stock markets remained volatile throughout the day amid mixed Asian markets as investors awaited the U.S. inflation data later in the day for cues about the pace of Fed rate hikes.
Nearly 60 stocks on the BSE hit fresh 52-weeks high which include names like Aarti Industries, Vadilal Enterprises, NIIT Technologies, Eris Lifesciences, Jindal Worldwide, Godrej Agrovet, and Tech Mahindra.
On the other hand, the barometer 30-scrip Sensitive Index (Sensex), which opened at 33,818.22 points, closed at 33,856.78 points - down 61.16 points or 0.18 per cent from the previous session's close.
The Sensex, after a gap down opening at 33,733.55 continued its slide to touch a low of 33,580.69.
"Market gained a positive momentum on account of easing inflation & better than expected IIP data".
Earlier during the day, healthy macro-economic data, along with healthy buying in banking, consumer durables, oil and gas and healthcare stocks had lifted the key Indian equity indices.
In the IT space, TCS dropped 5.22 per cent, HCL Tech 0.89 per cent and Infosys 0.45 per cent.
The Sensex losers were: Coal India, down 2.26 per cent at Rs 297.80 and State Bank of India, down 0.12 per cent at Rs 252.85. On the NSE, Yes Bank shares rose to Rs 317.90, 1.53 per cent higher than the previous closing.
Index major ITC surged 4.09 per cent after cigarette cess was kept unchanged at the GST Council meet.
Industrial production data for January, retail inflation or inflation data based on CPI and inflation data based on Wholesale Price Index (WPI) for February will be released this week. "Broad market indices like the BSE mid-cap and small-cap indices gained less, thereby underperforming the main indices", Jasani added.
Elsewhere in Asia, Hang Seng gained nearly 600 points while Nikkei rose more than 350 points.
In the Eurozone, Paris CAC 40 rose 0.44 per cent and Frankfurt moved up 0.20 per cent in their early deals.