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.