Finance Minister Arun Jaitley is slated to present the Budget for financial year 2016-17 next month.
Market reacted positively on NR Narayana Murthy's return as its stock surged 8 percent higher in the opening trade. But, brokerages see challenges ahead for Murthy as it judged its problems as deep.
The jobs data remain paramount, however, given the Fed's instance that any change in monetary policy will be driven by the economy - particularly a rebound in the labor market.
Chinese stocks listed in the United States took a beating on Wednesday as brokers raised red flags about trading risks following a series of accounting scandals that have afflicted the sector.