Sensex, Nifty set for positive start ahead of RBI policy outcome; Jet Airways, RIL in focus

Indian shares are set for a positive start on Thursday ahead of the Reserve Bank of India’s monetary policy decision, which is due later in the day. All the respondents to CNBC-TV18's poll expect a rate cut from the monetary policy committee in its first bi-monthly policy. Global cues are also likely to support the sentiment as Asian markets reached their 8-month high in early trade. Weak monsoon forecast by private agency Skymet may limit gains. At 07:13 AM, the SGX Nifty, an early indicator of the Nifty 50's trend in India, was up 0.18 percent at 11,733.50, indicating a positive start for the Sensex and Nifty.