Sharp fall in market value of five leading companies

KOCHI: Uncertainties in the global sector and precautionary measures by regulatory agencies have created a sharp fall in the market value of leading companies in India. The market value of five leading companies such as Reliance Industries and Life Insurance Corporation fell by Rs 2.23 lakh crore. Reliance Industries' market cap fell by Rs 81,763.35 crore last week.

Life Insurance Corporation's market capitalization fell by Rs 63,629.48 crore to Rs 5.85 lakh crore. State Bank of India's market capitalization fell by Rs 50,000 crore to Rs 6.53 lakh crore. ICICI Bank dropped Rs 6,361 crore and Hindustan Unilever Rs 21,792 crore in market value. Last week, Bombay's benchmark Sensex fell 2 percent.