NIFTY 50

Sonia Shenoy's market update on December 12: Sensex, Nifty set for a positive start amid assembly election trends; SBI, M&M in focus

The Indian market is set for a positive start after making a smart recovery in the previous session amid the assembly election counting.

Investors took note of the assembly poll outcome. The Congress won in the key states— Rajasthan, Chhattisgarh and Madhya Pradesh, though final numbers were not out yet. TRS won in Telangana and Mizo National Front (MNF) returned to power in Mizoram.

In another important development, the government on Tuesday appointed Shaktikanta Das as the new RBI governor for the next three years, after Urjit Patel abruptly resigned from his post on Monday.

At 07:40 AM, SGX Nifty, an early indicator of the Nifty 50's trend in India, was up 0.06 percent at 10,606.50, indicating a recovery in the Indian market.

About MarketBuzz

The CNBCTV18.com podcast on the big themes, vital news and key events that you should know before the opening bell, powered by CNBC-TV18 anchors.

MarketBuzz is your daily morning briefing by CNBC-TV18 research analysts and anchors Sonia Shenoy, Ekta Batra, Anisha Jain, Nigel D’Souza and Mangalam Maloo to jumpstart your stock market investing.

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