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Airbnb Chief Financial Officer Elinor Mertz said on a call with analysts on Tuesday that softness in long booking lead times was a big factor in its forecast.

Indian markets rebounded on Wednesday after three days of declines, with the Sensex up nearly 900 points and Nifty50 rising over 300 points. Key sectors showing gains included PSU, energy, and metals.

However, silver prices bounced back after four straight days of massive decline. Silver rose by Rs 200 to Rs 82,200 per kilogram from Rs 82,000 per kg in the previous trade, according to the All India Sarafa Association.

The Securities and Exchange Board of India (SEBI) on Tuesday proposed that offshore derivative instruments (ODIs) issued by offshore funds should be backed only by cash equity or debt positions and not derivatives.

The company said that consolidated net profit without exceptional items and one-offs grew by 14% year-on-year, while EBITDA grew by 13%. The home care category grew at 8% YoY, personal care at 6% yoy, the total branded category at 7% yoy, and the unbranded and exports category at 121% yo-y. The total net sales increased by 9% y-o-y to Rs 2,140 crore.

NSE Q1 Results: Revenue from operations for the reported quarter stood at Rs 4,510 crore. The net profit margins for Q1 FY25 were 52%. During this quarter, the bourse allocated an additional Rs 587 crore to enhance the Core Settlement Guarantee Fund (SGF) corpus, raising it to Rs 10,500 crore as recommended by SEBI. After this contribution, the core SGF corpus will stand at Rs 9,726 crore.

The Nifty Auto index closed 1.7 per cent up at 24937.6.

Despite recent volatility, the index has found support around 24,000 and its 50-day exponential moving average, leading to a relief rally. This suggests a potential short-term reversal, but confirmation will depend on further upward movement.

“Foreign exchange traders are not expecting the rupee to touch 84 levels, because traders are cautious while taking a position once the rupee crosses 83.93/$1 and as the Reserve Bank would step in to stop the depreciation”, said a trader at a state run bank.