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Sensex ends flat after hitting record high on GST rates, up 1% for the week

BSE Auto index fell over 0.5% after reports that automobiles might get costlier post GST

Pranati Deva  |  New Delhi 

Benchmark indices scuttled between gains and losses to finally settle the day marginally higher as 2-day GST Council meet ends where rates for various goods and services were decided.   Government today decided that most of the services would be taxed at the rate of 18% under the GST regime. Rates for more than 1,200 items under the GST were announced with products like hair oil, soaps and toothpaste down to 18% from 22-24%.   Earlier in the day, S&P BSE Sensex rose as much as 278 points to reach a fresh high of 30,712, surpassing its previous milestone of 30,691 hit on May ...

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First Published: Fri, May 19 2017. 15:36 IST
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