RIL Shares Plunge: ₹1 Lakh Crore Wiped Out After Russian Oil Denial

Reliance Industries Limited (RIL) shares plunged nearly 5% on January 6, 2026, wiping out over ₹1 lakh crore in market capitalization. This marked the steepest single-day fall since June 2024, triggered by the company's denial of a Bloomberg report on Russian crude oil shipments to its Jamnagar refinery.

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