* 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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The government on Monday forecast annual economic growth to accelerate to 7.6 percent in the fiscal year ending in March 2016 after Asia's third-largest economy grew 7.3 percent in the quarter to end-December. Full Article