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RIL shares wipe out ₹1 lakh crore wealth after firm denies it's getting Russian oil
short by Ashley Paul / on Tuesday, 6 January, 2026
Reliance Industries Limited (RIL) shares wiped out investor wealth worth ₹1 lakh crore in one day as they fell 4.42% on Tuesday. The drop came after RIL denied reports that stated that three vessels carrying Russian crude oil were travelling to the company's Jamnagar refinery. RIL shares ended on Tuesday at ₹1,507.70, 6.42% lower than their 52-week high of ₹1,611.20.
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