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"Travel continues to rebound on the back of waning COVID-19 infections and positive consumer sentiment. We witnessed strong performance both in terms of revenue and profitability in a seasonally weak quarter," MakeMyTrip Group CEO Rajesh Magow said.

The Dow Jones Industrial Average jumped 212 points, or 0.65%. The S&P 500 and Nasdaq Composite added 0.8% and 1.2%, respectively.

Rajiv Kaul, vice-chairman and chief executive, said the company has been delivering over 20 per cent operating profit growth for the past six consecutive quarters, thanks to its market leadership, expansion of technology-enabled services, orders from large enterprises and better execution.

It found that these entities were involved in executing manipulative trades and carrying out trades with the connected parties. Through such acts, they contributed to decreasing the price of the scrip and also increase the volume substantially during the investigation period.

Consolidated revenue rose 18.4% YoY to Rs 12,507 crore, and was higher than ET Now poll of Rs 12,230 crore.

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"The market is poised to continue the ongoing rally aided by support from the mother market US. The driving force behind the ongoing rally is the strength of the US economy, indicating a lower probability of an immediate US recession and, more importantly, indications that inflation is plateauing and might show a declining trend soon.

Order inflows at the company also rose during the quarter by 23.2% YoY to Rs 51,900 crore led by pick up in domestic order finalisation during the quarter. Order book (OB) stands healthy at Rs 370,000 crore(2.2x TTM revenue), comprising exports OB of 28%, noted the brokerage firm.

Uber, however, is also aiming to scale back hiring and reduce expenses to expand profitability amid macroeconomic uncertainties, with Khosrowshahi stressing the importance of "not taking anything for granted".The company forecast fourth-quarter adjusted EBITDA, a profitability metric keenly watched by investors, between $600 million and $630 million.

The cryptocurrency, which has been closely correlated with tech stocks for much of its torrid 2022, is staging one of its strongest efforts yet to break away.Its 30-day correlation with the Nasdaq slid to 0.26 last week, its level lowest since early January, where a measure of 1 indicates the two assets are moving in lock step.