Reliance Industries Shares Plunge 4.6% Amid Market Volatility, Rs 87,014 Crore Wiped Off

Reliance Industries Shares Plunge 4.6% Amid Market Volatility, Rs 87,014 Crore Wiped Off​

New Delhi, March 27 – Shares of Reliance Industries Limited (RIL) witnessed heavy selling on Friday, falling 4.6 per cent, which led to a reduction of Rs 87,014 crore in the company’s market capitalization, following broader market declines.

Share Price Movement​

• BSE: Closed at Rs 1,348.25, down 4.55%
• Intraday low: Rs 1,345, a drop of 4.78%
• NSE: Closed at Rs 1,348.10, down 4.59%
• Market Cap: Declined from Rs 18,24,515.62 crore by Rs 87,013.8 crore

Impact on Benchmark Indices​

The slump in Reliance shares contributed to broader market losses:

• BSE Sensex: Fell 1,690.23 points (2.25%) to 73,583.22
• NSE Nifty: Dropped 486.85 points (2.09%) to 22,819.60

Reasons for the Decline​

Market experts cited multiple factors:

• Global energy price surge: War in the Middle East pushed international crude prices up over USD 100 per barrel, a 50% increase this month.
• Policy measures: The government reinstated an export duty of Rs 21.50 per litre on diesel and Rs 29.50 per litre on aviation turbine fuel (ATF) to curb windfall gains by refiners.
• Geopolitical uncertainty: Heightened risks in the Middle East affected investor sentiment.

"Indian markets witnessed a volatile session, with heavy energy stocks leading the decline. Reliance Industries’ shares fell over 4%, reflecting sensitivity of large-cap valuations to shifts in the global energy landscape," said Hariprasad K, Research Analyst and Founder of Livelong Wealth.

Outlook​

Investors are closely monitoring global oil prices and government policy decisions, as fluctuations in crude costs and regulatory measures continue to influence energy stocks and broader market sentiment.