Global and local cues that will impact Nifty

The Indian market gained strength in the last hour of trade on Wednesday despite listless trade in global peers. The Nifty closed above the 5,600 level for the first time in the last four sessions. The index rose 43.25 points to close at 5,614.80. The Sensex gained 131.06 points to end at 18,460.38 on hopes that winter session of Parliament would go through smoothly. The winter session of Parliament will begin today. The month-long session, which will conclude on December 20, will have as many as 20 sittings and the government has lined up a heavy legislative agenda including 25 bills for consideration and passing, 10 bills for introduction and a voting on supplementary demands for grants for the current fiscal. US markets: The US markets closed modestly higher in thin, choppy trading session ahead of the Thanksgiving holiday, after a cease-fire agreement between Israel and Hamas Militants in the Gaza strip. But some mixed economic reports and worries over Greece put a limit on gains. The CBOE volatility index ended above 15. There will be no cues from US today as markets will be shut for Thanksgiving. Asian markets were trading higher. Hong Kong's Hang Seng was up 0.38% or 82.70 points at 21,607.06. Japan's Nikkei gained 1.19% or 109.78 points at 9,332.30. Singapore's Straits Times added 0.49% or 14.56 points at 2,974.86. South Korea's Seoul Composite was up 0.76% or 14.39 points at 1,898.43. Taiwan's Taiwan Weighted rose 0.51% or 36.02 points at 7,124.51. China's Shanghai Composite was down 0.62% or 12.65 points at 2,017.67.