The benchmark BSE index is down 0.97 percent, while the broader NSE index is 1.0 percent lower, led by Infosys Ltd after a report said some of its founders were looking to sell shares. Shares of Indian metal and mining companies also drop after weak Chinese trade data.
The partially convertible rupee trades weaker at 61.94/95 as against Friday's close of 61.77/78 per dollar, weighed down by a sharp surge in the dollar after robust U.S. payrolls data, while losses in local shares also hurt.
The benchmark 10-year bond yield down 2 basis points at 7.92 percent, as continued hopes for a rate cut in early 2015 drive down yield. Mild profit-taking likely at the current level, say traders.
The benchmark 5-year rate down 1 basis point at 7.12 percent, while the 1-year rate is 2 basis points lower at 7.76 percent.
The cash rate is at 8.05/8.10 percent. On Friday, it closed at 8.00/8.05.
Compiled by Dipika Lalwani