Reliance Industries Faces Market Turmoil Amid Geopolitical Tensions

Reliance Industries' shares dropped nearly 4% on Thursday, losing Rs 77,606.98 crore in market value due to the conflict in the Middle East and foreign fund outflows. This decline significantly impacted the BSE Sensex and NSE Nifty, both of which experienced notable drops that day.

Reliance Industries witnessed a sharp decrease in stock value on Thursday, plunging almost 4% amidst a chaotic day for the Dalal Street, impacted by escalating geopolitical tensions in the Middle East and continuous foreign fund withdrawals.

The significant decline saw shares closing at Rs 2,815.25 on the BSE, marking a 3.91% reduction, following a day low of Rs 2,775. Similarly, the NSE recorded a 3.94% drop to Rs 2,813.95.

This downturn led to a monumental reduction in Reliance's market valuation, which plummeted by Rs 77,606.98 crore to rest at Rs 19,04,762.79 crore. Notably, the company's stock has been on a downward trajectory for three days, declining 7.76% in total, heavily influencing broader market indices.

(With inputs from agencies.)