Yesterday's big news was related to Lenskart. Eyeglass manufacturing company Lenskart is going to build the world's largest eye wear manufacturing factory. The company is investing Rs 1,500 crore for this factory to be built in Telangana. In terms of market valuation, the valuation of 6 out of the top 10 companies of the country has increased by Rs 2.03 lakh crore after last week's trading. Tata Consultancy Services (TCS) was the top-gainer during this period.
Before tomorrow's big news, today's major events to keep an eye on…
- There may be a decline in the stock market today on Monday.
- Redmi Note 14 smartphone series will be launched.
- There has been no change in the prices of petrol and diesel.
Now read tomorrow's big news…
1. Lenskart will build the world's largest eye wear manufacturing factory: Investing Rs 1,500 crore in Telangana, will also export to Asia and Middle East
Eyeglass manufacturing company Lenskart is going to build the world's largest eye wear manufacturing factory. The company is investing Rs 1,500 crore for this factory to be built in Telangana. This plant of Lenskart will generate approximately 2100 jobs.
Lenskart co-founder Amit Chaudhary said on Sunday (December 8) that along with eyeglasses, lenses, sunglasses, accessories and other products will also be manufactured in this factory. From this manufacturing facility, Lenskart will also export products to South-East Asia and the Middle East.
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2. Value of 6 companies in top-10 increased by ₹ 2 lakh crore: Tata Consultancy and HDFC were top gainers; Market rose 1,907 points last week
In terms of market valuation, the valuation of 6 out of the top-10 companies of the country has increased by Rs 2.03 lakh crore after last week's trading. Tata Consultancy Services (TCS) was the top-gainer during this period. The market cap of the company increased by Rs 62,574.82 crore to reach Rs 16.09 lakh crore.
At the same time, HDFC Bank added Rs 45,338 crore to its valuation, now the market cap of the largest private sector bank has reached Rs 14.19 lakh crore. The market capitalization of the country's largest company Reliance Industries has increased by Rs 26,185 crore to Rs 17.75 lakh crore during this period.
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3. Expected fluctuations in the stock market this week: From inflation data to foreign investment, 5 factors will decide the movement of the market.
There is expected to be ups and downs in the stock market this week. The market will keep an eye on factors ranging from retail and wholesale inflation rates to foreign investment. On Friday, the Monetary Policy Committee had kept the repo rate as it was, but reduced the CRR by 0.5%, its effect can also be seen in the market this week.
According to Harshubh Mahesh Shah, Founder of Wealth View Analytics, the main direction of the market is currently negative. There may be a decline in the market this week. Meanwhile, Siddharth Khemka, Head of Wealth Management, Motilal Oswal Financial Services, expects the market to remain bullish due to CRR cut and withdrawal of FIIs.
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4. It is important to invest in the right place to get more interest on FD: Canara and IndusInd Bank have increased interest rates, see where you will get more interest now.
Canara and IndusInd Bank have recently changed the interest rates of fixed deposits (FD). Earlier, Union Bank of India and Yes Bank had also increased the interest rates on FD. In such a situation, if you are planning to get FD these days, then you must know about the new interest rates of these banks before that.
Here we are telling you how much interest the major banks of the country including these 4 banks are giving to the common citizens on FD of less than Rs 3 crore. So that you can invest at the right place as per your convenience.
Click here to read the complete news..
Also see who were the top 10 richest people in the world yesterday…
Yesterday the market was closed due to Sunday holiday, so know the condition of share market and gold and silver on Friday…
Know the latest price of petrol, diesel and gas cylinder…
Graphics Source: VaskarAssets
