Monday, 19 June 2017

Live Stock Market Updates – Markets Consolidate, Hotel Stocks Gain

Posted by suhani varma on Monday, June 19, 2017 with No comments
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Hotel stocks such as, Mahindra Holidays & Resorts India was up by 0.6%, ITC was up by 1.6%, Taj GVK Hotels & Resorts was up 1.8%, Hotel Leela Group Venture was up by 2.6%, ITDC was up by 2.6%, Indian Hotels Company was up 3.1%, Asian Hotels North Limited was up by 3.3%, Byke Hospitability was up by 3.7% and Advani Hotel & Resorts India was up by 8.4%.

GST Council on Sunday had fixed the tax rate for hotel rooms costing between Rs 2,500 to Rs 7,500 at 18%. While the cost of eat-out restaurants was fixed at 18%, down from the 28% decided earlier. The S&P BSE Sensex is trading at 31,214 up 158 points, while NSE Nifty is trading at 9627 up 39 points. A total of 47 stocks registered a fresh 52-week high in trade today, while 25 stocks touched a new 52-week low on the NSE.

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