Reliance Industries shares fell 4.39% today

Reliance Industries shares closed the day today, 6^th January, 2026, down by 4.39% at Rs. 1,508.9. The stock fell after a media report said that three Russian oil tankers were on their way to deliver crude oil at the company’s Jamnagar refinery. The company formally refuted this report calling it “blatantly untrue.” The company said that its refinery has not received any Russian oil in the past three weeks, nor is it planning to receive any Russian oil in January.

Russian oil currently faces US and European sanctions due to Russia’s war in Ukraine. US has imposed additional 25% import tariff on Indian goods because of India’s purchases of Russian crude oil. Indian refiners have since cut down their purchase of Russian crude oil significantly. Because of this additional 25% tariff, Indian goods face 50% import duty in USA. This is one of the highest import duties among all countries on which US has imposed import duties.

Reliance Industries shares up by more than 23% in the past 1 year

 Before the decline of today, Reliance shares had gained around 2% in the past 5 days. In the past 1 year, Reliance Industries shares have gained 23.88%. Nifty 50 index has gained 10.84% in the past 1 year. Reliance Industries shares have outperformed the Nifty 50 index by more than 13% in this period.

US President Donald Trump has said that America will invest heavily in the ailing oil industry of Venezuela. This is likely to increase supply of Venezuelan oil in the global market. This may bring down oil prices further. Lower oil prices are beneficial for refiners like Reliance Industries. Their gross refining margin will go up. Reliance Industries runs the biggest oil refinery complex in the world in Jamnagar, Gujarat.

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Source: NSE; Reliance Industries