Sensex flat amid seesaw trade; Kingfisher, USL, UB up 5-8%

The BSE Sensex and NSE Nifty rose 0.4% each in afternoon trade led by capital goods, FMCG, banks and technology stocks. State-owned oil & gas producer ONGC surged over 2%, but the fall of 0.84% in index heavyweight Reliance Industries capped the upside.

The BSE benchmark rose 64.68 points to 16,927.48 and the NSE benchmark moved up 21 points to 5,136.95 amid volatility. The Indian rupee too appreciated by 9 paise to 55.71 as against the US dollar.

Country's largest lenders State Bank of India and ICICI Bank were up 1.2% and 1.5%, respectively. Technology majors Infosys, TCS and Wipro gained around 1%.

FMCG company Hindustan Unilever jumped over 2%. Even shares of Sun Pharma and Jindal Steel climbed 2% each.

However, diesel vehicle makers Maruti Suzuki, Tata Motors and M&M plunged 2-3%. Sterlite Industries fell nearly 2% on profit booking after rising consistently for previous three sessions.

Liquor baron Vijay Mallya-led UB group's United Breweries, United Spirits and Kingfisher Airlines surged 5-8%. United Breweries Holdings shot up 19%.