India, July 28 -- Indian shares were slightly lower on Monday due to uncertainty around U.S. tariffs ahead of the August 1 deadline.

The benchmark BSE Sensex was down 149 points, or 0.2 percent, at 81,313 in early trade while the broader NSE Nifty index slid 37 points, or 0.2 percent, to 24,800.

TCS shares fell 1.3 percent. In a major restructuring move, the country's largest software services exporter said it would lay off 2 percent of its workforce - over 12,000 employees - through the fiscal year 2026. Peer Infosys dropped nearly 1 percent and Wipro lost 3 percent.

Kotak Mahindra Bank plummeted 7 percent on reporting a 7 percent fall in the June quarter net profit.

Reliance Infrastructure rallied 3.6 percent while Reliance Power was ...