TCS rivals Wipro and HCL Technologies will report their earnings on Thursday, followed by Reliance Industries on Friday.
Worries that foreign investors, who have pumped $4.8 billion into Indian shares so far this year, could be booking profits also weighed. Foreign investors are seen as the primary drivers behind the stock markets' record highs touched on April 3.
Overseas investors sold Indian cash shares worth Rs. 21.63 crore and equity derivatives worth Rs. 121.8 crore on Tuesday - their second straight session of outflows.
Higher-than-expected retail inflation, which quickened to 8.31 per cent in March, driven by high food prices, was also a drag on sentiment.
Mostly its profit-booking in momentum stocks after record highs. Expect defensives to outperform markets post elections.The Sensex fell 0.92 per cent, or 207.70 points, to end at 22,277.23.The Nifty lost 0.86 per cent, or 57.80 points, to end at 6,675.30.Both the indexes fell for a third consecutive session, to their lowest close since March 27.
TCS fell 2.5 per cent, Infosys slumped 3.1 per cent, Wipro lost 2.8 per cent, while HCL Technologies ended 0.9 per cent lower. Larsen & Toubro fell 2.9 percent while Kotak Mahindra Bank lost 0.8 per cent.
Reliance Industries Ltd fell 0.8 per cent as investors chose to cut positions ahead of its quarterly- earnings on Friday.Reliance Industries' operating profit may be below consensus estimates when it reports January-March quarter results on Friday..
Adani Enterprises Ltd surged 3.1 percent, while Adani Port and Special Economic Zone rose 3.8 per cent.