Reliance Industries Stock Price Crashed, Rs 62,385 Crore M-Cap Lost; Why RIL Stock Dropped By 5% On April 6?

Reliance Industries (RIL) share price crashed by nearly 5% on BSE during April 6th trading session. After the closing bell, the Mukesh Ambani-backed stock dropped lower by 3.41% and lost nearly Rs 62,385 crore of market capitalization in a single. As per experts, Reliance stock dropped amidst strong surge in crude oil prices which crossed above $110 per barrel mark.

Reliance Industries Share Price:

After the closing bell, Reliance stock stood at Rs 1304.75 apiece on BSE, down by 3.41%. Its market cap stood at Rs 17,65,649.37 crore, a correction of Rs 62,384.7 crore from the previous session's market cap of Rs 18,28,034.07 crore.

During the session, the heavyweight stock nosedived by 4.50% to hit an intraday low of Rs 1290 apiece.

Why Reliance Industries Shares Dropped On April 6?

As per Hariprasad K, SEBI-registered Research Analyst and Founder, Livelong Wealth, in contrast, energy-linked stocks, including Reliance Industries, faced pressure as crude oil prices surged above the $110 mark amid escalating Middle East tensions. Elevated oil prices remain a key macro overhang, impacting inflation expectations, currency stability, and corporate margins.

Crude Oil Prices Today:

US WTI Crude Oil price crossed above $111 per barrel mark before correctly by over 1%. Still, WTI is holding above $110 per barrel mark. In the earlier session, this crude had hit an high of $115 per barrel.

Meanwhile, Brent Crude performed between $108 per barrel to $110 per barrel.

According to Justin Khoo, Senior Market Analyst - APAC, VT Markets, Crude oil markets are entering the week under a sustained geopolitical risk premium, with Brent holding near $107 per barrel and WTI trading close to $112 after gaining nearly 11% last week. The rally is being driven by severe supply-side uncertainty, particularly around the Strait of Hormuz, where flows remain deeply constrained, reportedly operating at less than 10% of pre-conflict levels, according to estimates from the International Energy Agency.

At this stage, Khoo said, crude is no longer trading purely on macro fundamentals but is instead being dictated by geopolitical timelines and headline risk. The market is effectively pricing in a structural disruption scenario, with limited visibility on when stable and insurable energy flows can resume. Even partial reopening signals are unlikely to fully normalise sentiment unless there is clarity on sustained transit conditions.