MARKET EYE-India shares flat; U.S. 'fiscal cliff' solution watched

Mon Dec 31, 2012 10:12am IST

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* The BSE index gains 0.1 percent while the NSE index
 is up 0.01 percent.
* Market is expected to remain volatile until U.S. lawmakers
reach a deal on tax-hike threshold and spending cuts, a positive
outcome could drive shares in the near term.
* Reliance Industries Ltd up 0.8 percent extending its
Friday's gains on value buying. 
* Wipro Ltd shares gain 1.3 percent after the company
said the shareholders have approved its demerger plan after a
meeting on Friday.
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