The 10 most valued domestic companies lost a massive Rs 4,22,393.44 crore in market capitalisation last week, with heavyweights TCS and RIL taking the biggest hit. In a nerve-wracking week for the markets, the BSE Sensex plummeted 3,473.14 points or 9.24 percent, largely in tandem with global equities which were hammered by panic selling amid the coronavirus pandemic. In the ranking of the 10 most valued firms, RIL remained at the top, followed by TCS, HDFC Bank, HUL, HDFC, ICICI Bank, Kotak Mahindra Bank, Infosys, Bharti Airtel and Bajaj Finance. (Text: PTI)

Investors in Indian stock markets are hoping for a continuation of the relief rally on Saturday, following the spectacular rally on Wall Street on Friday. European stocks too rose on Friday, but gave up some of their gains towards the close, reflecting the cautious mood among investors.

Gold imports, which have a bearing on the country's current account deficit (CAD), fell 8.86 percent to $27 billion (about Rs 1.90 lakh crore) during April-February period of the current financial year, according to commerce ministry data.

The two key indices had witnessed heavy sell-off last week due to the global outbreak of Coronavirus and its impact on the world economy.