An annular solar eclipse occurred over the Indian subcontinent during the afternoon hours of January 15, 2010. This event was unique in the sense that solar activity was minimum and the eclipse period coincides with the peak ionization time at the Indian equatorial and low latitudes. The number of GPS receivers situated along the path of solar eclipse were used to investigate the response of total electron content (TEC) under the influence of this solar eclipse. These GPS receivers are part of the Indian Satellite Based Augmentation System (SBAS) named as ‘GAGAN’ (GPS Aided Geo Augmented Navigation) program. The eight GPS stations located over the wide range of longitudes allows us to differentiate between the various factors induced due to solar eclipse over the equatorial and low latitude ionosphere. The effect of the eclipse was detected in diurnal variations of TEC at all the stations along the eclipse path. The solar eclipse has altered the ionospheric behavior along its path by inducing atmospheric gravity waves, localized counter-electrojet and attenuation of solar radiation intensity. These three factors primarily control the production, loss and transport of plasma over the equatorial and low latitudes. The localized counter-electrojet had inhibited the equatorial ionization anomaly (EIA) in the longitude belt of 72°E–85°E. Thus, there was a negative deviation of the order of 20–40% at the equatorial anomaly stations lying in this ‘inhibited EIA region’. The negative deviation of only 10–20% is observed for the stations lying outside the ‘inhibited EIA region’. The pre-eclipse effect in the form of early morning enhancement of TEC associated with atmospheric gravity waves was also observed during this solar eclipse. More clear and distinctive spatial and temporal variations of TEC were detected along the individual satellite passes. It is also observed that TEC starts responding to the eclipse after 30 min from start of eclipse and the delay of the maximum TEC deviation from normal trend with respect to the maximum phase of the eclipse was close to one hour in the solar eclipse path.