MARKET EYE-India shares flat; U.S. 'fiscal cliff' solution watched
* 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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Prime Minister Narendra Modi's Bharatiya Janata Party (BJP) will not win enough seats to form a government in Jammu and Kashmir, two exit polls showed on Saturday, dampening its hopes of taking control of the state for the first time. Full Article