* Nifty futures on the Singapore Exchange (SES: S68.SI – news) up 0.25 percent and the MSCI (NYSE: MSCI – news) -Asia Pacific index excluding Japan is 0.27 percent higher.

* Asian shares inched higher on Wednesday, while the dollar held a three-week low on expectations Federal Reserve Chairman Ben Bernanke will reiterate later in the day that U.S. monetary policy is to stay accommodative.

* The S&P 500 snapped its eight-day winning streak on Tuesday after disappointing sales from Coca-Cola, while investors turned cautious on the day before the Federal Reserve chairman’s congressional testimony.

FACTORS TO WATCH  * Finance Minister P. Chidambaram will address a press conference at 1200 IST (0630 GMT) on the sidelines of a conference.

* HDFC Bank Ltd (BSE: HDFCBANK.BO – news) is expected to report another quarter of 30 percent profit growth in the June quarter.

* India’s oil minister, oil secretary and company officials to be present at an industry seminar. (0430 GMT)


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* NOTE: Reuters has not verified third-party stories and does not vouch for their accuracy.

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