Reliance Industries Suffers ₹1,29,000 Crore Market Cap Erosion on 9-Day Losing Streak

Reliance Industries Limited has witnessed a sharp decline in its share price, with a consistent drop over 9 consecutive days.  

This decline has significantly impacted its market capitalisation, eroding investor wealth by ₹1,29,000 crore. 

Reliance Industries Share Price Reaches New Low 

On June 8, 2026, Reliance Industries' share price declined over 1.5% to reach a 52-week low of ₹1,270.60 per share in intraday trading.  

This fall marks a significant downtrend over the past 9 days, attributed to persistent selling pressure and broader market weaknesses.  

The company’s market cap has dropped from ₹18,49,000 crore to ₹17,10,000 crore amid these developments. 

Factors Behind the Decline 

The downturn in Reliance Industries' shares comes amid rising crude oil prices, largely influenced by the ongoing Middle East conflict.  

These circumstances have affected the company's refining business, a key profit contributor, which has seen a 3.7% fall in core earnings year-on-year for Q4 FY26. 

Read More: Reliance Industries Arm Signs 2 MoUs with Haryana Government, Commits ₹8,646 Crore to Jhajjar Township Project! 

Market Context and Broader Impact 

The decline in Reliance Industries' share price has sparked broader concerns in the market, given its significant weighting. As the stock continues to grapple with crude oil volatility and economic uncertainties, investors remain cautious. 

Reliance Industries Share Price Performance  

As of June 08, 2026, at 3:30 PM, Reliance Industries share price on NSE was closed at ₹1,263.30 down by 2.15% from the previous closing price. 

Conclusion 

Reliance Industries has experienced a substantial drop in share price over the past 9 days, significantly affecting its market cap. The company's challenges, including rising input costs and refining spread uncertainties, remain key concerns affecting investor sentiment. 

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