Reliance Industries shares slump 4%, m-cap slips by around ₹80,000 crore in a single day; check details Reliance Industries’ shares fell over 4% during intraday trading on Friday, March 27, 2026, eroding approximately ₹80,000 crore in market capitalisation. The decline came amid pressures from the government’s new export tax mandate, surging global oil prices, and geopolitical tensions affecting investor sentiment. The stock’s drop to ₹1,353.20 during the session marked a significant loss compared to its previous close of ₹1,413.10. The market capitalisation of Reliance Industries plummeted to ₹18.32 lakh crore by Friday’s close, down from ₹19.12 lakh crore on Wednesday. The stock market was closed on Thursday due to a public holiday, Shri Ram Navami, which limited the trading session’s impact. Reliance’s shares remained volatile, trading at ₹1,354.80 as of 12:45 pm, reflecting a 4.13% decline. The decline in Reliance’s stock was influenced by broader market concerns, particularly the ongoing conflict between the United States and Iran. This conflict has disrupted oil supply routes, including the critical Strait of Hormuz, raising fears of supply shortages and driving up crude oil prices. The Petroleum Planning & Analysis Cell reported that the Indian crude oil basket reached $123.15 per barrel, reflecting the impact of global supply disruptions. The government’s decision to impose an export tax on oil exports further weighed on Reliance’s shares. Union Petroleum Minister Hardeep Singh Puri announced the tax to address the financial strain on oil marketing companies (OMCs) amid soaring global fuel prices. The tax, combined with reduced excise duties on domestic fuel, aimed to cushion OMCs from losses.#iran #strait_of_hormuz #reliance_industries #hardeep_singh_puri #union_petroleum_minister
