Sharp fall in capital goods production and manufacturing activity also dented sentiments.
Market breadth was weak with 1,260 advances and 1,597 losers on the BSE.
Engineering major BHEL rebounded from its day's lows to end around 1% higher.
India Inc did not perform well during December quarter.
China's economy is in transition, with rising wage costs and massive overcapacity.
The nomination would put Yellen on course to be the first woman to lead the institution.
Ideas don't have border controls and visas.
Customs and excise duty rates have been amended mainly to promote Make in India.
The elements are all aligned to make India a global powerhouse, says IMF Managing Director Christine Lagarde.
Read the full transcript of President Obama's State of the Union address on Wednesday at the US Capitol in Washington.
In his penultimate State of the Union address, Barack Obama said that the economy is improving.
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