Nifty trend may affect by "fiscal cliff". Less than a week to go before the 
fiscal cliff deadline, however, there have not been any talks since the US 
president Barack Obama left for vacation on Friday and there are none 
scheduled either.

The Senate reconvened on Thursday. The House of Representative could be 
called back within 48 hours after that. Income taxes are set to return to 
Clinton era levels on January 1 while a USD 110 billion in spending cuts 
are due to kick in the day after.

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