(Reuters) - Indian shares are tipped to open slightly higher on Friday, tracking their Asian peers, though a tight U.S. labour market and hawkish comments from Federal Reserve officials are expected to keep gains limited.
India's NSE stock futures listed on the Singapore exchange were up 0.28% as of 0244 GMT. The MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.8%.
Fed officials fired more warning shots on interest rates, while rising coronavirus cases in China and liquidity strains in its bond market added to uncertainty.
St. Louis Fed President James Bullard said late on Thursday that rates might need to hit a range from 5% to 7% to be "sufficiently restrictive" to curb inflation, a blow to investors who had been wagering rates would peak at 5%.
Earlier that day, the benchmark S&P BSE Sensex and NSE Nifty 50 index closed down about 0.37% each, after two sessions of marginal gains.
Foreign institutional investors bought a net of 6.18 billion Indian rupees ($75.8 million) worth of equities on Thursday, while domestic investors purchased 4.49 billion rupees of shares, provisional data on the National Stock Exchange showed.
Stocks to watch:
** Metropolis Healthcare said the income tax department was conducting a search at its premises.
** Indian mills have produced 2 million tonnes of sugar so far in the season that began on Oct. 1, the Indian Sugar Mills Association said, almost unchanged from a year earlier.
** Life Insurance Corp cut its stake in Bajaj Auto to 5.200% from 7.203%.
** Aditya Birla Fashion and Retail Ltd said it entered into a partnership with Galeries Lafayette to open stores of the French luxury retailer in the country in the next two to three years.
** Ahluwalia Contracts won two contracts totalling 5.30 billion rupees.
** Vedanta's board will meet on Nov. 22 to consider and approve its third interim dividend for the current financial year.