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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India has withdrawn the drug pricing authority's powers that allowed it to fix the prices of medicines not deemed essential, after its decision to impose price caps on more than 100 drugs in July triggered industry protests. Article