Indian Markets on April 15, 2020 - Vinod Nair, Head of Research at Geojit Financial Services

"Indian markets seemingly set aside the economic implications of the extended lockdown, although it lost ground on the negative opening in the European markets. With the earnings season starting, management commentary, on the impact of Covid-19 on their respective businesses, will be in focus. Almost all sectors have been affected by the lockdown and the market will try to measure the future financial impact of this, rather than focusing on the previous quarter numbers. This is expected to drive stock specific moves in the market in the coming days. IT companies will officially kick off the earnings season and investors will be keen on how the virus spread has impacted their services and the locations in which those services are offered."

Shares of Geojit Financial Services Ltd was last trading in BSE at Rs.18.85 as compared to the previous close of Rs. 18.05. The total number of shares traded during the day was 23951 in over 132 trades.

The stock hit an intraday high of Rs. 18.95 and intraday low of 18.45. The net turnover during the day was Rs. 446997.

Source : Equity Bulls

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