ALSO READSensex edges lower on inflation concerns; banks, IT stocks down Sensex ends higher; State Bank of India, L&T gain Sensex, bonds rise on steady inflation; Bharti Airtel rallies Sensex, Nifty shares rise; inflation data awaited Sensex rises; 10-year bonds hit four-week high on easing inflation
Retail inflation picked up in October to a seven-month high, government data showed on Monday, driven by faster rises in prices of food and fuel products.
The broader NSE index closed 0.38 percent lower at 10,186.60, while the benchmark BSE index dropped 0.28 percent to 32,941.87.
Larsen & Toubro was the biggest drag with a decline of 2.45 percent.
(Reporting by Krishna V Kurup in Bengaluru; Editing by Subhranshu Sahu)