The market valuation of Tata Consultancy Services (TCS) crossed Rs 12 trillion-mark at close of trade on Thursday
Besides TCS, other winners on the top-10 chart were HDFC Bank, Hindustan Unilever Limited (HUL), Infosys, HDFC, ICICI Bank and Bharti Airtel
Apart from HDFC duo, Tata Consultancy Services (TCS), Infosys, Kotak Mahindra Bank, ICICI Bank and Bajaj Finance were other gainers.
Many analysts believe a big correction was inevitable and the discovery of a new coronavirus strain was only a trigger
HDFC, TCS, and Bajaj Finance emerged as the biggest gainers
During the last week, which was holiday-truncated, the Sensex rallied 929.83 points or 2.10 per cent.
The recent trigger for the stock was a better-than-expected operating performance in the September quarter.
The company is also Adani Group's most valued firm in terms of market valuation
Tata Consultancy Services (TCS) on Monday became the second Indian company to attain a market valuation of Rs 9 trillion after Reliance Industries Limited
"Stock markets and economies globally do get impacted by events all the time and hence there is no such thing as the right time to invest," Gopalakrishnan says.
With its shares up roughly 60 per cent this year, Apple is among the Big Tech winners that have benefited from a safety premium
On the National Stock Exchange (NSE), shares of the oil-to-telecom conglomerate rose 4.40 per cent to close at Rs 2,148.40
Reliance Industries' market valuation crossed Rs 14 lakh crore-mark on Friday as its stock rallied over 4% to scale its fresh peak
After 5 consecutive days of gains, the Nifty 50 index on Tuesday ended at 10,800, its highest close since March 6-before India imposed lockdowns and the economic went through a virtual halt
At close of trade, the company's market capitalisation stood at Rs 1,58,902.37 crore on the BSE.
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