June 5 (Reuters) - India's benchmark indexes are likely to open higher on Thursday, mirroring gains in Asian peers, while Treasury yields and the U.S. dollar dipped.

Gift Nifty futures GIFc1 were trading at 24,733.5 as of 8:00 a.m. IST, indicating a firm start above Nifty 50's .NSEI previous close of 24,620.2.

MSCI Asia ex Japan .MIAPJ0000PUS was up 0.8%, led by South Korean shares, which rose to an 11-month high on post-election optimism, and Hong Kong stocks. MKTS/GLOB

U.S. stocks ended mixed overnight, while Treasury yields and the dollar fell, as data showed a contraction in the services sector for the first time in a year. Investors now await U.S. employment data due later in the week.

Yields move inversely to prices, and lower yields bode well for equities in emerging markets such as India.

Foreign investors snapped a three-day selling streak in India on Wednesday as they bought shares worth 10.76 billion rupees ($125.3 million), as per provisional data.

Meanwhile, domestic institutional investors remained buyers for the twelfth session in a row.

Back home, investors are waiting for the Reserve Bank of India's policy decision on Friday, where it is widely expected to cut key lending rates by 25 basis points for a third straight meeting.

STOCKS TO WATCH

** Hindustan Aeronautics HIAE.NS says it is in talks with General Electric engines for the LCA Mark 2 aircraft, adds it is not negotiating with any other companies for the engine

** The National Company Law Tribunal approves the merger of Fusion Cosmeceutics and Just4Kids Services with Honasa Consumer HONA.NS

** Force Motors FORC.NS posts rise in both domestic and total sales in May

** Gland Pharma GLAD.NS says France's medical regulator issued a final report with 11 observations for Cenexi's manufacturing unit

(Reporting by Vivek Kumar M; Editing by Janane Venkatraman)

((VivekKumar.M@thomsonreuters.com;))