India's NSE stock futures, listed on the Singapore exchange, were 0.44% lower as of 0214 GMT. The MSCI's broadest index of Asia-Pacific shares outside Japan fell 1%.
The NSE Nifty 50 index closed down 0.25% at 18,157 on Wednesday, while the S&P BSE Sensex ended 0.25% lower at 61,033.55.
Data on the U.S. consumer price index (CPI) is due later in the day, with economists polled by Reuters forecasting a decline in both the monthly and yearly core numbers for October to 0.5% and 6.5%, respectively.
India will report its inflation numbers for October next week.
In domestic earnings, Nifty components Apollo Hospitals Enterprise, Eicher Motors, shoe-maker Bata India, food delivery service provider Zomato will report quarterly numbers.
Foreign institutional investors bought net of 3.87 billion Indian rupees ($47.51 million) equities on Wednesday, while domestic investors sold 10.60 billion rupees of shares, as per provisional data available with the National Stock Exchange.
Stocks to watch:
** India will sell a 1.55% stake in Axis Bank through an offer for sale.
** India's Tata Motors said on Wednesday it expects profit and cash flow to bounce back in the second half thanks to healthy demand for its Jaguar Land Rover cars and a drop in domestic steel costs.
** India's Star Health And Allied Insurance reported Sept-qtr profit against a loss year ago.
** Indian gas company Petronet LNG reported fall in quarterly profit.
** Sri Lanka's largest port began on Wednesday construction of a $700 million terminal project, partly funded by Indian ports-to-cement and construction conglomerate Adani Group, an official said, marking the first foray by an Indian company into the sector.
** Indian port operator Adani Ports acquired a 49.38% stake in petroleum logistics service provider Oiltanking for 10.5 billion rupees.
** Indian sugar mills are aggressively signing export deals, contracting for about 1 million tonnes just four days after New Delhi approved exports.
($1 = 81.4650 Indian rupees)
(Reporting by Nallur Sethuraman in Bengaluru; Editing by Dhanya Ann Thoppil)