The key equity indices traded sideways in mid-morning trade. The Nifty traded below the 25,000 level. PSU bank shares declined after advancing in the past trading session. At 11:30 IST, the barometer index, the S&P BSE Sensex added 40.97 points or 0.05% to 81,729.42. The Nifty 50 index lost 24.70 points or 0.10% to 24,989.90. The broader market underperformed the frontline indices, the S&P BSE Mid-Cap index fell 1.05% and the S&P BSE Small-Cap index slipped 2.32%. The market breadth was weak. On the BSE, 630 shares rose and 3,261 shares fell. A total of 126 shares were unchanged. Economy : According to the data released by the Reserve Bank of India (RBI) on Friday, India's forex reserves were at $704.89 billion, having risen by $12.6 billion in the week through Sept. 27 in their biggest weekly increase since mid-July 2023. According to the Weekly Statistical Supplement released by the RBI, Foreign currency assets (FCAs) were up by $10.4 billion to $616 billion. Gold reserves reported a surge of $2 billion to $65.7 billion. Meanwhile, SDRs for the week rose marginally by $8 million to stand at $18.547 billion. Reserve position in the IMF dipped by $71 million to $4.3 billion. Buzzing Index : The Nifty PSU Bank index slipped 2.22% to 6,565.80. The index gained 0.54% in the past trading session. Union Bank of India (down 4.87%), Punjab & Sind Bank (down 4.8%), Central Bank of India (down 4.73%), Indian Overseas Bank (down 4.67%), UCO Bank (down 4.52%), Bank of India (down 4.17%), Punjab National Bank (down 3.5%), Canara Bank (down 3.32%), Bank of Maharashtra (down 3.14%) and Bank of Baroda (down 3.05%) declined. Stocks in Spotlight : Info Edge (India) declined 2.01%. The company announced that its standalone billings increased by 14.29% to Rs 650.3 crore in Q2 FY25 compared with Rs 569 crore in Q2 FY24. Federal Bank slipped 2.97%. The company reported 15.6% growth in total deposits to Rs 2,69,105 crore as of September 2024 as compared with Rs 2,32,868 crore as of September 2023. Antony Waste Handling Cell rallied 3.83% after its wholly owned subsidiary, AG Enviro Infra Projects has secured a contract for door-to-door C&T of MSW in Navi Mumbai Municipal Corporation (NMMC). Global Markets: Asian stocks climbed on Monday after strong U.S. job growth data, which eased recession concerns and reduced expectations for interest rate cuts. Short-term U.S. Treasury yields rose after the non-farm payrolls report showed more jobs added than expected in September. Crude oil prices declined slightly despite ongoing tensions in the Middle East. U.S. stocks rallied on Friday after the positive job report boosted investor confidence in the economy. The S&P 500 rose 0.9%, while the Nasdaq Composite jumped 1.22%. The Dow Jones Industrial Average added 0.81%, to notch an all-time closing high of 42,352.75. Technology stocks like Tesla, Amazon, and Netflix led the gains, while financial stocks also performed well. Data showed nonfarm payrolls grew by 254,000 jobs in September, far outpacing the forecasted gain of 150,000. The unemployment rate ticked down to 4.1% despite expectations for it to hold steady at 4.2%. Powered by Capital Market - Live

The standalone billings for the recruitment solutions segment stood at Rs 492 crore (up 14.05% YoY) while the real estate segment's (99acres) billings were at Rs 107.4 crore (up 16.49% YoY) and Rs 50.9 crore (up 12.11% YoY) came from other business segments. Info Edge (India) is among the leading internet companies in India. The company runs leading internet businesses viz. Naukri.com, Jeevansathi.com, 99acres.com and Shiksha.com. The company also owns Quadrangle and Naukri Gulf. It has made significant strategic investments such as zomato.com, policybazaar.com and happily unmarried.com etc. The company reported 16.2% increase in standalone net profit to Rs 232.29 crore on 9.35% rise in revenue from operations to Rs 638.90 crore in Q1 FY25 over Q1 FY24. Shares of Info Edge (INDIA) slipped 2.90% to currently trade at Rs 7,960 on the BSE. Powered by Capital Market - Live

Info Edge (India) has allotted 2,00,000 equity shares under ESOS on 13 September 2024. With this allotment, the paid-up capital of the Company will accordingly increase from Rs.1,293,841,200 (129,384,120 equity shares of Rs. 10/- each) to Rs.1,295,841,200 (129,584,120 equity shares of Rs. 10/- each). Powered by Capital Market - Live

Profit before tax stood at Rs 304.29 crore in June 2024 quarter, up 14.1% from Rs 266.69 crore posted in same quarter last year. The recruitment business continued the uptick in Q1, whereas non-recruitment businesses also continued to grow with reduced operating losses. Revenues growth in the recruitment business was 5.6% YoY and for non-recruitment business verticals namely 99acres (the real estate vertical), Jeevansathi (the matrimony business), and Shiksha (the education business) was 19.5%, 34.7%, and 18.4% respectively. Billings for the company on a standalone basis for the quarter grew by 10.8% YoY and stood at Rs 579.3 crore The company maintained its operating profit margins at 35.6% of revenue and registered a growth of 8.8% in its operating profit which stood at Rs 227.3 crore on a standalone basis in Q1 FY25 as compared to Rs 208.9 crore in Q1 FY24. The standalone business generated cash from operation (before taxes) of Rs 173.9 crore for the quarter, a growth of 20.2% YoY. Hitesh Oberoi, managing director and chief executive officer, said, 'I'm encouraged to see a slight rebound in our recruitment business after several weak quarters. Excellent execution in both 99acres and Jeevansathi helped reduce operational losses in these verticals from Rs 198 cr in FY23 to Rs 68cr in FY24 with Rs. 21cr cash generation in Q4.' Chintan Thakkar, director and chief financial officer (CFO), said, 'Our cash from operations grew by 13.2% year-over-year in Q4FY24, reaching a cash balance of Rs 4,191cr as of March 31st, 2024. This consistent performance in cash flow generation underscores our company's robust financial health and positions us well for future investments and shareholder returns.' Info Edge (India) is among the leading internet companies in India. The company runs leading internet businesses viz. Naukri.com, Jeevansathi.com, 99acres.com and Shiksha.com. The company also owns Quadrangle and Naukri Gulf. It has made significant strategic investments such as zomato.com, policybazaar.com and happily unmarried.com etc. Powered by Capital Market - Live

Net profit of Info Edge (India) rose 46.85% to Rs 232.90 crore in the quarter ended June 2024 as against Rs 158.60 crore during the previous quarter ended June 2023. Sales rose 8.11% to Rs 676.71 crore in the quarter ended June 2024 as against Rs 625.95 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales676.71625.95 8 OPM %30.9628.84 - PBDT355.09240.45 48 PBT329.39216.71 52 NP232.90158.60 47 Powered by Capital Market - Live