Market Movers: Telcos continue to slide, BPCL slumps; 134 stocks flash buy signal

MUMBAI: Financials and consumption stocks drove benchmark equity indices marginally higher in a volatile session on Wednesday, which saw Nifty forming a small positive candle with minor upper and lower shadow indicating the formation of a high wave type candle pattern.

In the current range bound trade, such a pattern does not show any significant predictive value, analysts said.

Telecom stocks continued their journey southwards, in a session which saw Sensex gaining 95 points to close at 38,068 points, while peer Nifty climbed 4 points to 11,227 points.