Reliance Industries shares fall 5%! Over Rs 1 lakh cr eroded from M-cap

Reliance Industries shares plummeted 5% after denying a Bloomberg report about receiving Russian crude oil. The company stated its Jamnagar refinery has not received Russian oil in three weeks and expects none in January, calling the report untrue and damaging. Despite the clarification, investor sentiment remained weak, impacting the Nifty 50.