Reuters Market Eye - The BSE Sensex is down 0.38 percent while the broader Nifty falls 0.5 percent. Hindustan Unilever falls 5.46 percent after J.P. Morgan and Macquarie downgrade their ratings, citing the prospect of slowing revenue.
Lenders extend recent falls ahead of RBI's policy review on Tuesday: HDFC Bank is down 1.4 percent, while State Bank of India falls 1.2 percent.
However, Wipro Ltd gains 6.7 percent after the software services exporter issued dollar revenue guidance that was above estimates.
Foreign institutional investors bought 2.78 billion rupees of cash shares on Friday, while domestic institutional investors sold 4.89 billion rupees worth of shares on the segment, exchange data showed.
(Reporting by Himank Sharma)