Indian markets remained flat after the RBI's status quo. The Reserve Bank of India on Tuesday kept key interest rates unchanged in the fifth bi-monthly monetary policy review. The RBI status quo was widely anticipated by the market participants.

At 1.07 p.m, the Sensex was trading up 16.79 points or 0.06% at 26,162.46 with 18 components gaining. Meanwhile, the Nifty was trading higher by 18.40 points or 0.23% at 7,953.65 with 29 components gaining.

Biggest gainers in the 30-share index were Hindustan Unilever (3.13%), Dr Reddy's Laboratories (2.90%), Vedanta (2.72%), Tata Steel (2.22%), Hindalco Industries (2.01%), and Coal India (1.80%).

On the other hand, Bharti Airtel (3.42%), Axis Bank (1.83%), GAIL (India) (1.49%), Infosys (0.96%), Bajaj Auto (0.63%), and Mahindra & Mahindra (0.49%) were the major losers in the Sensex.

Market breadth was negative with 1,440 advances against 1,048 declines.