The Sensex is up 31.16 points at 26176.83 and the Nifty up 22.25 points at 7957.50. About 1399 shares have advanced, 839 shares declined, and 98 shares are unchanged.
Tata Steel, Vedanta, Dr Reddy's Labs, Wipro and Coal India are top gainers while Bharti, Axis Bank, Infosys, Hero and Tata are losers in the Sensex.
The RBI has kept benchmark repo rate unchanged at 6.75 percent, after lowering it by 50 basis points, or front-loading policy action in September. The RBI has cut repo rate four times (125 basis points) since January 2015. Current CRR and SLR stand at 4 percent and 21.5 percent respectively.