Indian shares are expected to open lower ahead of United States nonfarm payroll data which may give Federal Reserve's stance on interest rate hike amid parliament session and earnings eyed.
"Indian markets are expected to open negative tracking SGX Nifty," Angel Broking said in a report.
A government data will release employment data and unemployment rate data later today.
United States jobless claims dropped indicating improving job scenario in the world's biggest economy.
Jobless claims came at 270,000 for the week ended Jul 31 lower than analysts' estimate of 273,000 and 267,000 a week ago, a government data showed.
On Tuesday, Dennis Lockhart, Federal Reserve President of Atlanta expressed his support for an interest rate hike in September.
Lockhart, a voting member of Federal Open Market Committee this year, said to Wall Street Journal that it would take 'significant deterioration' in the United States economy for him not to support a September rate hike.
In its latest policy review last month, the central bank reiterated its resolve to hike rates later this year as the economy was poised for expansion and labour market was expected to improve further. A pick-up in US economy, the world's biggest, augurs well for emerging market especially for exporting companies.
The central bank said it was seeing 'solid' job gains and maintained its view that economic activity was expanding 'moderately', with the risks to the outlook 'nearly balanced'.
Locally, investors will keep close watch on key earnings by apex companies and progress of parliament session.
Mahindra & Mahindra, Tata Motors, Bharat Heavy Electricals, Grasim, Sobha and others will unveil their first quarter earnings later today.
Nifty Put Call Ratio and Open Interest have increased to 1.50 from 1.10.
Rise in the ratio may be due to increase in Put Option of 8,200 and decrease in Call Option of 8,500.
Put Option of 8,500 and Call Option of 8,700 are highest number of contracts traded.
On Thursday, India's benchmark index, the S&P BSE Sensex rose 0.42% to 28,343.16 on the Mumbai stock exchange.
The 50-share Nifty gained 0.044% to 8,605.15 on the National Stock exchange.
Asian markets traded mixed with Hong Kong's Hang Seng index climbing 0.74% to 24,556.76 and Singapore's Straits Times index gaining 0.17% to 3,196.66.
China's Shanghai Composite index dropped 0.88% to 3,662 and Japan's Nikkei fell 0.28% to 20,606.74.
Nifty futures for August dropped 0.28% to 8,589.50 in Singapore.
Overseas investors net bought Rs 4.48 billion worth local shares Thursday, provisional data from the stock exchanges showed.
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