Real estate sector Stocks: shares in real estate will be watched in trade
today. The GST Council in its 33rd meeting held on 24-February, recommended
that GST shall be levied at effective GST rate of 5percent, without input tax
credit on residential properties outside affordable sector. GST shall be charged
at effective GST of 1percent, without ITC, on affordable housing properties. The
FM Arun Jaitly said that real estate inventory in the system was very high and
that the action would help improve the currently crippled real estate sector and
ease the burden on the middle class. This could be get impacted hopefully on
real estate-related stocks.
Kotak Mahindra Bank: ING Group on
22 February 2019 sold its full 3.06 percent stake in Kotak Mahindra Bank
through 2 block deals on the NSE. The stock action will see today.