The Indian market is set for a positive start on Thursday, tracking the positive trading in its Asian peers as the US Federal Reserve Chair Jerome Powell injected investors with a strong dose of optimism on Wednesday. He said the central bank's policy rate is now "just below" estimates of a level that neither brakes nor boosts a healthy US economy.

At 07:05 AM, SGX Nifty, an early indicator of the Nifty 50's trend in India, was up 1.03 percent at 10,825, indicating a positive opening for the Indian market.