Reliance Share Price: Why did India’s Biggest Stock Fall 5% After Hitting a Record High?

The stock market is a master of irony, and today’s session was a masterclass in it. Just 24 hours after Reliance Industries (RIL) scaled a fresh mountain to hit an all-time high of ₹1,611.80, the "Big Boy" of Dalal Street suffered its most brutal intraday hit since June 2024. A sharp 5% plunge wiped out over ₹1 lakh crore in market capitalization, leaving retail investors wondering if the party is over. This wasn't just a simple technical correction; it was a high-stakes collision of global geopolitics and institutional rebalancing. From the US military action in Venezuela rattling oil supply nerves to CLSA making a tactical exit from RIL in favor of consumption stocks like DMart, the sentiment shifted from "greed" to "caution" in a heartbeat.

The real drama, however, unfolded with a rare and fiery public denial from the company itself. After a media report suggested that tankers of Russian crude were heading for the Jamnagar refinery—a sensitive topic given the current global sanctions regime and US President Trump's recent tariff warnings—Reliance slammed the report as "blatantly untrue." While the clarification was meant to calm the waters, it inadvertently signaled to the market that the geopolitical landscape is becoming a minefield for the O2C (Oil-to-Chemicals) giant. For the seasoned investor, today’s volatility is a reminder that even a "safe haven" like Reliance is not immune to the winds of global trade wars and shifting brokerage preferences. The stock has slipped below its 50-day moving average, and while the long-term fundamentals remain robust with the Jio IPO on the horizon, the immediate road ahead looks like it’s going to be a bumpy ride through geopolitical turbulence.


Disclaimer: "Investment in the securities market are subject to market risks. Read all the related documents carefully before investing. The information provided in this post is for educational and informational purposes only and does not constitute financial or investment advice. I am not a SEBI Registered Investment Advisor. Please consult with a qualified financial expert before making any trading or investment decisions based on the content of this blog."


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