Nifty Impact:Parliament's winter session resumes

Parliament will resume today after no-show last week over the FDI storm. Voting of FDI in retail will take place in both houses this week. Parliamentary affairs minister is confident that all the important bills of the finance ministry will be passed in this session. In its bid to attract more foreign inflows the government has hiked the FII cap debt limit by USD 10 billion. Two new windows of USD 5 billion have been created in government-securities and corporate bonds. The ECB cap remains unchanged. The US markets ended narrowly mixed in lackluster trading on the final day of November, as investors were reluctant to make big bets ahead of the weekend amid ongoing fiscal cliff discussions. For the week, Dow rose 0.12%, S&P 500 rose 0.50% and Nasdaq rallied 1.46%. The CBOE volatility index finished near 16. The European markets ended mixed in choppy trading as German lawmakers approved a plan to ease the conditions on bailout loans to Greece and amid ongoing discussions over the US budget European Central Bank president Mario Draghi said that the eurozone crisis is far from over. Addressing top financial officials in Paris today, Draghi said that eurozone countries must tighten budgets and forge a banking union to leave behind the fairy world that allowed problems to grow. Asian markets were subdued in morning trade today. Meanwhile, China's November official services PMI inched up to 55.6 from 55.5 in October. At 7: 46 am (IST), Asian markets were trading higher. China's Shanghai Composite was up 0.19% or 3.83 points at 1,983.95. Hong Kong's Hang Seng advanced 0.47% or 104.33 points at 22,134.72. Japan's Nikkei gained 0.80% or 75.16 points at 9,521.17. Singapore's Straits Times rose 0.44% or 13.38 points at 3,083.33. South Korea's Seoul Composite was up 0.36% or 7.04 points at 1,939.94. Taiwan's Taiwan Weighted added 0.40% or 30.23 points at 7,610.40. Back home, it was a firm session for our markets on Friday. The Nifty gained 55 points to close at 5,879.