Indian markets fell for the second day with the BSE Sensex down 0.3 per cent and the 50-share Nifty losing 0.27 per cent.
Infosys declined as much as 4 per cent after plunging 21.3 per cent on Friday after it issued lower-than-expected revenue guidance.
Among other IT stocks, Tata Consultancy Services dropped down 1.1 per cent after falling 1.6 per cent on Friday.
Indian shares tracked Asian stocks, which slipped on Monday after weaker-than-expected U.S. and Chinese data raised concerns about the global economic outlook.
However, Indian oil marketing companies such as Hindustan Petroleum Corp gained on hopes that a slump in crude prices would lower the cost of under-recoveries.
Hindustan Petroleum Corp gained 3.9 per cent, Bharat Petroleum Corp rose 4.3 per cent, while Indian Oil Corp advanced 3.8 per cent.
Traders are now monitoring India's March WPI-based inflation data due around 11.30 a.m. A Reuters poll expects a 6.4 per cent rise.
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