United Spirits Ltd is quoting at Rs 1275.6, up 5.95% on the day as on 12:49 IST on the NSE. The stock is up 47.13% in last one year as compared to a 19.62% jump in NIFTY and a 12.71% jump in the Nifty FMCG index.

Cipla Ltd is quoting at Rs 1504.8, up 2.89% on the day as on 12:49 IST on the NSE. The stock is up 54.81% in last one year as compared to a 19.62% jump in NIFTY and a 47.7% jump in the Nifty Pharma index.

Avenue Supermarts rose 4.84% to Rs 4774 after CRISIL Ratings upgraded its rating on the long-term bank facilities of the company to ‘CRISIL AAA/Stable’ from ‘CRISIL AA+/Positive’.

The US dollar is seen regaining some of its lost momentum on Wednesday morning in Asia despite signs of cooling labor market that supports the disinflation process. Yesterday, Job Openings and Labor Turnover Survey, or JOLTS report, showed that job openings fell more than expected, by 296K to 8.059 million in April, or the lowest in more than three years. US ISM Manufacturing PMI report released on Monday also pointed to weakening factory activity, reigniting hopes for Federal Reserve interest rate cuts. The crucial US monthly employment details, or the Nonfarm Payrolls (NFP) report on Friday is keenly awaited for clearer direction to the dollar. The dollar index futures however continue to linger around a two-month low at 104.23, but up 0.17% on the day. Meanwhile, among the basket currencies, EURUSD and GBPUSD are quoting slightly lower at $1.0882 and $1.2770 respectively.

Knowledge Marine & Engineering Works (KMEW) advanced 2.93% to Rs 1230 after the company announced the receipt of letter of award (LOA) from the Dredging Corporation of India for the capital dredging work at the Paradip Port.