The 30-share index was trading 414.38 points, or 1.09 per cent, higher at 38,294.78.
The broader NSE Nifty fell 78.75 points, or 0.70 per cent, to close at 11,234.55.
The 30-share index was trading 170.98 points, or 0.45 per cent, lower at 38,006.97.
NSE Nifty ended 1.74 pc higher at 11,319.60, while the benchmark BSE Sensex closed up 1.72 pc at 38,177.95.
The 30-share index was trading 36.04 points or 0.10 per cent higher at 37,568.02.
According to experts, market has been witnessing profit-booking post the recent rally on account of corporate tax cut.
The index was trading 72.68 points, or 0.19 per cent, lower at 37,600.63.
Investors are cautious and watchful about the earnings season which at this juncture looks less enthusiastic.
After opening nearly 300 points higher, the 30-share index gave up all the gains to turn negative after the RBI announcement.
Top losers in the Sensex pack included Kotak Bank, Bharti Airtel, L&T, PowerGrid, ITC, HDFC Bank, Tata Motors among others.