Shares of United Spirits ended 2.5 percent higher, ending higher for the fifth straight trading session. The stock is now 3 percent away from its 52-week high of Rs 958.
Sources within the dealing rooms told CNBC-TV18 that foreign investors are buyers in the stock during Wednesday's trading session.
The five-day surge has also ensured that United Spirits erased its losses for the year and is now up 3.3 percent year-to-date.
Broader market also moved in-line with the benchmark indices. Dealers indicate that institutional investors are using this rally in the broader market to book profits.
Besides United Spirits, here are some other stocks that have been part of the dealing room chatter today:
Maruti: Shares of India's largest passenger car maker saw a sharp spike in the last few minutes of Wednesday's trading session and ended 0.9 percent higher. The stock has been rangebound and has failed to see a 1 percent or higher move in either direction over the last eight trading sessions. Dealers indicate that selling pressure from a large FII is now over in the stock. A CNBC-TV18 poll expects a 21 percent jump in Maruti's overall sales to 1.68 lakh units.
Fusion Micro Finance: The stock is consolidating post its quarterly earnings. The recent listing ended 1 percent higher on Wednesday, and is trading near its IPO price of Rs 370. Dealers indicate that a leading FII is selling the stock at current levels.