A day after falling nearly 1%, Reliance’s share price crashed almost 4% in morning trade on the BSE on Tuesday, January 6. Reliance Industries (RIL) share price opened at 1,575.55 against its previous close of 1,577.45 and fell as much as 3.75% to an intraday low of 1,518.30.
Shares of India’s biggest company in terms of market capitalization have been under pressure after the US attacked Venezuela on Saturday, a major oil-producing company worldwide, and captured its President, Nicolas Maduro, and his wife. Venezuela reportedly holds the largest known oil reserves, and according to media reports, Reliance has historically been a major importer of crude from the Latin American country.
(This is a developing story. Please check back for fresh updates.)
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