THE WHAT? Reliance Industries shares fell 4.5 percent, marking their biggest single-day drop since June 2024.
THE DETAILS The decline followed analyst warnings of intensifying competition in India’s retail sector after weak performance signals from fast-fashion peer Trent. Reliance’s retail arm, a key valuation driver, is valued at more than US$100 billion by analysts.
THE WHY? Investor sentiment was further pressured by uncertainty around energy supplies and broader macro risks, prompting profit-taking after a strong 2025 rally.
Source: Bloomberg
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