Nifty futures on the Singapore Exchange rose 0.25 percent.
The MSCI-Asia Pacific index excluding Japan fell 0.22 percent.

The S&P 500 fell for a fourth day on Wednesday, weighed down by disappointing news from Chevron and Alcoa as earnings season got under way.Asian shares tracked Wall Street lower on Thursday as weak forecasts from U.S. corporate bellwethers underscored concern over global demand, particularly from China.

World Steel Association, a group representing global steel producers, holds a 2-day annual conference in New Delhi. The Reserve Bank of India Deputy Governor Anand Sinha will speak on macro prudential policy tools and frameworks at an event organised by the Financial Stability Institute.

Asian share markets tracked Wall Street lower on Thursday as weak forecasts from U.S. corporate bellwethers underscored concern over global demand, particularly from China, and kept oil and other commodity prices under pressure.

Coal and power ministry officials agreed on the terms of the newly drafted fuel- supply agreements (FSAs) resolving a contentious issue between the two ministries that saw some power companies refusing to sign them, a senior official said.

Tata Steel’s Europe unit will receive the first iron ore shipment from its Benga project in Mozambique by end-October, a top official said, a first step towards addressing the cost volatility affecting its European operations.

Bondholders in India’s Suzlon Energy, the world’s fifth-largest maker of wind turbines, have rejected a proposal by the company to extend by four months the redemption of two tranches of bonds due on Thursday totaling $220.8 million.

The International Monetary Fund said this week that the euro area’s debt crisis was a key threat and the risks to global financial stability had risen in the last six months, leaving confidence very fragile.