Reliance Loses $15 Billion Market Cap in Bruising Start to 2026

Reliance Industries Ltd. is off to a bruising start to the year, with shares down more than 6% as investors digest weak retail outlooks and tougher US rhetoric on India’s Russian oil purchases — putting the onus on upcoming earnings to arrest the slide.

The selloff so far this year has wiped about $15 billion off the company’s market value, making it one of the stock’s worst starts to a year in recent memory and weighing on India’s benchmark equity gauges. Reliance will report quarterly earnings after close of trading on Jan. 16.

READ: Reliance Tumbles Most Since 2024 on ...