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ANZ analysts said fuel sales to drivers in Britain are waning, while gasoline demand remains below its five-year average for this time of the year. Reflecting this, analysts in a Reuters poll reduced for the first time since April their forecast for 2022 average Brent prices to $105.75 a barrel, and to $101.28 for WTI.

Kacholia first entered the stock in September 2020 by picking up a 2.9 per cent stake, Trendlyne data shows. In the June quarter, he had sold 0.2 per cent stake. Mastek shares ended 4 per cent higher today at Rs 2,185.65 on BSE. Having rallied nearly 700 per cent in the last five years, the stock has lost over 28 per cent of its value year-to-date.

In a separate statement, Dhruv M. Sawhney, Chairman and Managing Director, Triveni Turbine Limited, said: "The company has started FY 23 on a positive note. During the quarter, we have reported yet another record order booking in a single quarter of USD 3.6 billion, which will boost our performance in the year."

Kansai Nerolac Paints Managing Director Anuj Jain said, "This quarter saw a healthy demand for both Decorative and Industrial Paints. There has been a revival in demand in Industrial led by increased demand in Automotive due to the gradual easing of the chip shortages."

The third quarter of a midterm election year tends to be the most volatile of any in a four-year presidential cycle. And since 1944, it averages a 0.5% decline, the second biggest after the second quarter’s average 1.9% drop, according to investment research firm CFRA.

Deepak Jasani, Head of Retail Research, HDFC Securities, said going by the current momentum, Nifty could test 17,457-17,651 band over the next few days. “A lot of up gaps on the way up also raise the possibility of these gaps being filled after Nifty makes an intermediate top.”

Shares of Bharti Airtel advanced 2.40 per cent to Rs 694.20 apiece and that of Vodafone Idea jumped 3.99 per cent to Rs 9.12.The 30-share BSE benchmark climbed 545.25 points or 0.95 per cent to settle at 58,115.50.

"Strong global cues and optimistic vehicle sales numbers from select frontline automobile companies fuelled another round of rally in domestic equities," said Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities Ltd.

The company is a technology-driven financial solutions and services platform focused on providing financial solutions in the area of tax planning and filing, personal investment advisory and wealth building to individuals, HUF, professionals, firms, and companies registered on its platforms.

Under shareholder criticism for decisions related to capital allocation and minority investments, Goyal said there is no plan to make any more minority investments. "We are in cash conservation mode, and are busy executing what we already have on our plates right now," he said.