(Reuters) - Indian shares are expected to open marginally down on Thursday, as strong U.S. retail sales data and comments from Federal Reserve officials dampened the recent optimism that the central bank would tone down its pace of interest rate hikes.
India's NSE stock futures listed on the Singapore exchange were down 0.36%, as of 0203 GMT. The MSCI's broadest index of Asia-Pacific shares outside Japan fell 1.14%.
Investors are concerned that the robust U.S. retail sales in October could spur the American economy in coming months and force the Fed to retain its aggressive rate posture in the face of cooler-than-expected inflation data over the past week.
Meanwhile, San Francisco Fed President Mary Daly told CNBC pausing rate hikes is not yet part of the discussion.
Crude oil declined further in Asia after settling more than a dollar lower overnight as Russian oil shipments via the Druzhba pipeline to Hungary restarted.
On Wednesday, the S&P BSE Sensex rose 0.17% to 61,980.72, a new record close after rising above the 62,000 mark. The NSE Nifty 50 index edged up 0.03% at 18,409.65.
Foreign institutional investors continued to sell stock in a second straight session.
They offloaded net of 3.86 billion Indian rupees ($47.4 million) equities, while domestic investors purchased 14.37 billion rupees of shares, according to provisional data available with the National Stock Exchange.
Stocks to watch:
** One 97 Communications may move as a term sheet reviewed by Reuters showed SoftBank Group aims to sell an up to $215 million stake in the Paytm-parent.
** State Bank of India expects corporate loans to grow 14% to 15% this financial year, a top executive said.
** Luxury carmaker Jaguar Land Rover's CEO Thierry Bollore will resign due to personal reasons, parent Tata Motors said.
** India's oil minister said he hopes the gas supply disruption issue between Gail (India) and a former unit of Russia's Gazprom would be resolved.
** Bank stocks may move as the governor of Reserve Bank of India met top bosses of public and private sector banks and discussed lagging growth in deposits vis-a-vis credit growth.
** Hindustan Zinc announced an interim per-share dividend of 15.50 rupees, its second for the fiscal year.