India, Nov. 13 -- Benchmark indices Sensex and Nifty ended lower on Friday, snapping a three-day rally amid expectations of an RBI policy rate hike next month after retail inflation surged to 6.09 per cent. The 30-share BSE Sensex dropped 318.56 points, or 0.39 per cent, to settle at 81,592.45. During the day, it tumbled 622.26 points, or 0.75 per cent, to 81,288.75.

The 50-share NSE Nifty closed 155.05 points, or 0.61 per cent, lower at 25,144.30. This is the first major decline for both benchmark indices this month. Among the Sensex firms, Mahindra & Mahindra, UltraTech Cement, Bharat Electronics, NTPC, Trent and HDFC Bank were among the major laggards.

Hindustan Unilever, Asian Paints, Bharti Airtel and Reliance Industries were among...