BSE Sensex, Nifty Flat; US Fiscal Cliff Solution Watched

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December 31, 2012 4:44 PM EST

The BSE Sensex gains 0.1 percent while the Nifty 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 (RELI.NS) 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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Copyright 2012 Thomson Reuters. All rights reserved.

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