The BSE index falls 0.4 percent, while the NSE index is down 0.4 percent.
Infosys falls 1.5 percent, retreating after gaining 2.7 percent over the previous two sessions.
Traders attribute the falls to Infosy's out-performance this month - down 0.2 percent versus a 0.9 percent fall in the NSE index - despite concerns about its outlook.
However, some auto stocks gain on expectations of improving sales during the festival season: Mahindra & Mahindra rises 2.4 percent.
Traders are also cautious ahead of the winter parliament session, which starts on Thursday.