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.