The National Stock Exchange (NSE) rose 68.25 pts at 20,969.40.
The RBI kept its rates steady in its Monetary Policy in Monetary Policy on Friday.
The Sensex opened higher at 69,666.38, rising 145 pts. It was spurted 372 pts at 69,893, days high, before closing at 69,825.60, up 303.95 pts from its previous close.
The stocks include Technology, Bankex and IT lifted the market.
The Mid Cap declined 0.16 pc and Small Cap by 0.44 pc.
In 30 scrips, 19 advanced while 11 declined.
The gainers were HCL Technology by 2.92 pc to by 1366, JSW Steel by 2.47 pc to Rs 839.60, Infosys by 1.69 pc to Rs 1491, HDFC Bank by 1.51 pc to Rs 1652.90 and Wipro by 1.24 pc to Rs 423.40.
The losers were ITC by 1.79 pc to Rs 449.90, M& M by 1.35 pc to Rs 1670.90, Bajaj Finance by 1.15 pc to Rs 7309 and Tata Motors by 0.99 pc to Rs 714.75.
(With UNI inputs)