The Indian market is set for a positive start on Thursday after the new Reserve Bank of India (RBI) governor Shaktikanta Das on Wednesday promised to uphold central bank's autonomy, credibility, and values.
The investors were also upbeat on positive macro cues after the consumer price index (CPI) inflation rate for November fell to a one-and-half year low of 2.33 percent against October’s 3.77 percent.
On global front, British Prime Minister Theresa May surviving a no-confidence vote came as a breather for global investors. Additionally, China appeared to be taking more steps to meet US demands to open its markets.
At 07:28 AM, SGX Nifty, an early indicator of the Nifty 50's trend in India, was up 0.38 percent at 10,830, indicating positive in the Indian market.
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