Indian equity indexes fell on Monday, led by information technology (IT) sectors, as investors moved their attention to quarterly earnings. Tata Consultancy Services (TCS) will release its corporate results for the March quarter 2021-22 (FY22) later in the day.

The 30-share BSE Sensex fell 483 points, or 0.81 percent, to 58,965, while the wider NSE Nifty dropped 109 points, or 0.62 percent, to 17,675. Mid- and small-cap stocks closed mixed, with the Nifty Midcap 100 index up 0.62 percent and the small-cap index down 0.06 percent.

The National Stock Exchange's 15 sector indices all finished in negative territory. Nifty Information Technology and Nifty Financial Services lagged the index by 1.41 percent and 0.56 percent, respectively.  HCL Tech was the highest Nifty loser, with the stock falling 2.65% to 1,134.50. Among the laggards were L&T, Infosys, Wipro, and SBI Life. ICICI Bank, NTPC, Kotak Mahindra Bank, TCS, UltraTech Cement, Nestle India, and Sun Pharma, on the other hand, all ended out in the green.

On the BSE, Sensex the overall market breadth was positive, with 2,115 shares rising and 1,441 falling. L&T, HCL Tech, Infosys, Wipro, Asian Paints, HDFC Housing, HDFC Bank, and Axis Bank were among the top losers on the 30-share BSE index.

Also, after agreeing to change the company's name to Patanjali Foods Ltd, shares of yoga teacher Ramdev's Ruchi Soya Industries dipped 0.56 percent to Rs 918.25. In intraday trading, the stock soared more than 8% before closing in the red. Ruchi Soya's follow-on public offering raised Rs 4,300 crore recently (FPO).

​Ruchi Soya renames Patanjali Foods Ltd after Board approval

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