The Indian market is set for a positive start on Thursday as around 7:25 am, SGX Nifty, an early indicator of the Nifty 50's trend in India, was up 0.25 percent at 10,814.50, indicating a positive opening for the market.

The Reserve Bank of India (RBI) constituting an expert committee to review its economic capital framework is also likely to help the market.

In addition, the market is also likely to be supported by the surprise surge of the Dow Jones Industrial Average, by 1000 points, in the Wall Street on Wednesday.