The Sensex and the Nifty were trading lower as gains in banking and pharma stocks were capped by losses in IT and telecom stocks. At 2:35 pm, the Sensex was trading 63.06 points lower at 40,821.03 while the Nifty50 index was at 12,040.55, down 33.35 points.
Tips Industries' shares climbed 17 percent to its 52-week high of Rs 113.90.
Aavas Financiers' shares surged 7.4 percent to its 52-week high of Rs 1,838.
ICICI Bank's share price surged 2.6 percent to its 52-week high of Rs 511.
Jubilant FoodWorks share price surged 2.42 percent to its 52-week high of Rs 1,650. (Company image)
Dr Reddy's Laboratories share price rose 1.74 percent to its 52-week high of Rs 2,971.90. (Company image)
Shriram EPC's shares fell 4.16 percent to its 52-week low of Rs 5.75. (Stock image)
Chennai Petroleum Corporation Ltd's share price plunged 4 percent to its 52-week low of Rs 130.20.
Ind-Swift Labs' share price fell 3.07 percent to its 52-week low of Rs 3.15. (Stock image)
Deccan Cements' share price fell 2 percent to its 52-week low of Rs 308.75. (Stock image)