Reliance Industries Faces Massive Market Hit Amid Lok Sabha Election Results

Shares of Reliance Industries plummeted over 7.50%, leading to a loss of Rs 1.54 lakh crore in market valuation. The decline was primarily driven by the election outcomes showing BJP as the largest party but falling short of majority. Consequently, Sensex also saw a significant drop.

In a dramatic turn of events, shares of Reliance Industries tumbled over 7.50%, wiping out Rs 1.54 lakh crore from its market valuation.

The plunge comes as the Lok Sabha election results indicated that BJP, while emerging as the largest party, would fall short of a full majority.

Reliance Industries played a major role in the Sensex decline, accounting for 686.45 points of the 4,390-point drop, marking a significant downturn in the equity market.