The NSE Nifty 50 index was down 0.4% at 16,153.05, 0348 GMT, while the S&P BSE Sensex was down 0.42% at 54,250.60.
Shares of TCS fell 2.3%, after largely missing quarterly earnings estimates due to soaring employee-related expenses. The index heavyweight also pulled the technology index down 2%.
Avenue Supermarts, which owns D-Mart, jumped 2.9% after reporting strong quarterly results.
Looking ahead, India’s retail inflation data is due this week, with a Reuters poll showing the reading likely to remain flat in June but well above the Reserve Bank of India’s tolerance limit for a sixth month.