The current problem that looks to be temporary, isn't changing the longer-term structural economic growth opportunity.
Analysts at Jefferies say the risk-reward is now favourable for investors to start buying
HDFC Bank's valuation dropped Rs 23,435 crore to Rs 6,22,109.94 crore
Experts, however, believe investors still need to tread with caution, given the downside risks to growth and earnings
Analysts however believe looking at Nifty valuations could be misleading as several of its components trade far below their long-term averages
Monetary tightening by the global central banks, crude oil prices, geopolitical tensions (if any), upcoming state elections are some of the factors that can lead to volatility in the markets
In the top-10 list, only Reliance Industries Ltd, TCS and Infosys finished with gains
The seven firms Tata Consultancy Services (TCS), HDFC Bank, ITC, HDFC, Infosys, SBI and Kotak Mahindra Bank saw rise in their valuation
The other firms which witnessed a decline in their market capitalisation (m-cap) for the week ended Thursday were TCS, ITC, ONGC and HDFC Bank
ITC, HUL, HDFC and ONGC suffered losses in their market capitalisation for the week ended Friday
The gap between Nifty's price-earnings multiple and economic growth is at a 12-year high
FDI is still flowing in, there is less trade, capital & earnings that are offshore dependent: Report
Valuations are steeper for foreign investors
Infosys saw its valuation decline by Rs 4,777 crore to Rs 2,17,899 crore
High weight of low P/E stocks in index pulls down valuation, says report
In terms of ranking, TCS was at the top spot followed by RIL and HDFC Bank
HDFC's valuation slumped Rs 13,685.57 cr to Rs 2,08,958.31 cr, while that of RIL plummeted by Rs 10,296.86 cr to Rs 3,49,671.55 cr
The m-cap of TCS surged Rs 8,384.17 crore to Rs 5,13,000.91 crore, emerging as the biggest gainer among the top-10 firms