The mark of Shiva? Why don't you ask the Catholics what it symbolizes...? The fact that Hindus have an analogous rite does not disqualify it. Or, is baptism disqualified because the ancient Egyptian, Babylonian, Mithratic cult, and the Japanese all had baptism ceremonies?
Just because pagans have an analog doesn't mean the Christian rite is derived from paganism.
You do know that Baptists use wedding rings?