Markets settle the day flat ahead of Janet Yellen's testimony

Tata Motors fell over 7%, becoming the biggest laggard on BSE Sensex, post Q3 results

Benchmark indices settled the day flat as investors stayed cautious ahead of Janet Yellen’s semi-annual testimony, which could hint on further rate hikes.
 
January’s WPI inflation in January rising to 5.25% against 3.39% in previous month also affected the sentiment. Yesterday, however, retail inflation declined to 3.17% against 3.41% in Dec due to low demand after demonetisation.
 
The S&P BSE Sensex settled the day at 28,339, down 12 points, while the broader Nifty50 was ended at 8,792, down 13 points.
 
In the broader market, the BSE Midcap and BSE Smallcap fell 0.6% each.

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