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Indian headline indices opened in the green on gains in bank stocks and tracking positive cues from global markets. The top gainers were ONGC, Adani Enterprises, SBI Life, HDFC Bank, and Sun Pharmaceuticals. The top losers were Cipla, Dr Reddy's Laboratories, Bajaj Auto, ITC, and Divi's Laboratories. HDFC Bank stock rose nearly 2% after the banking regulator allowed LIC to up its ownership. Most major Asian indices were trading positive after the China regulators took new steps to support the market.

Rollover data from JM Financial shows that Nifty rollovers were at 46 percent with a 0.8 roll cost, compared to 52 percent in the last series, indicating unwinding of long positions. Bank Nifty rollovers were 42 percent with a 0.9 roll cost, compared to 51 percent in the last series, indicating long unwinding.

Stocks that were in focus included names like Vedanta, which fell 3.32%, Hindalco, which jumped 4.25%, and PEL, whose shares gained 1% on Wednesday.

Sunteck Realty has risen over 43 percent this year, giving positive returns in 6 of the 10 months so far. LiveMint collated views of brokerage firms and technical analysts to understand whether the stock is a ‘buy’ at this juncture or not.

Indian stock markets surged to a six-month high with Sensex rising 400 points and Nifty crossing the 18,700 mark as it reacted positively to macro data and strong global trends. The FMCG sector rose 1.38%, while consumer durables climbed 1.8%. Real estate, too, showed a jump of 2.94%. Stocks such as MRF and Olectra Greentech were among those in focus. Experts at SSJ Finance & Securities recommend buying at the current level and dips of INR 97,000 for MRF and Olectra Greentech, with resistance around INR 940 and selling at INR 201 for ZEE.