Stock Market Today: Sensex falls 600 pts, Nifty drops below 23,450; Tata steel top loser

US-Iran War: How many American aircraft were hit during Operation Epic Fury? Report reveals

BEL share price: Should you BUY defence PSU stock after Q4 Results? 

Anil Singhvi's Market Strategy: Nifty 50 strong buy zone at 23,125-23,275—Key levels to track on D-Street

Nifty trapped between 23,300 and 23,850: Anil Singhvi shares key breakout levels

Stocks to Watch Today (May 20, 2026): Apollo Hospitals, Grasim, BPCL, Hindalco, Bharti Airtel and more

Govt policies pro-poor, not designed to favour industrialists: Finance Minister

Shivraj Singh Chouhan outlines eastern India agri roadmap, announces ‘Khet Bachao Abhiyan’ from June 1–15

What is India’s SHANTI Act? How the country plans to become a global nuclear power hub

Good news for passengers: Indian Railways commissions Kavach 4.0 on Delhi–PWL route to improve train safety

<p>Reliance Industries Limited on Tuesday rejected a media report that claimed the company had received Russian crude at its Jamnagar refinery in recent weeks.</p>
<p>In a statement posted on social media platform X Reliance said a media report suggesting that three vessels carrying Russian oil were headed to its Jamnagar refinery was “blatantly untrue”.</p>
<p>The company said the report had caused reputational damage despite a clear denial from Reliance before publication.</p>
<h2><strong>No Russian crude received or expected</strong></h2>
<p>Reliance clarified that its Jamnagar refinery has not received any Russian crude cargo in the past three weeks and is not expecting any deliveries in January.</p>
<p> </p>
<blockquote><p dir="ltr" lang="en" xml:lang="en">Statement by Reliance Industries Limited:</p>
<p>A news report in Bloomberg claiming “three vessels laden with Russian Oil are heading for Reliance Industries Limited’s Jamnagar refinery” is blatantly untrue.</p>
<p>Reliance Industries’s Jamnagar refinery has not received any cargo of…</p>
<p>— Reliance Industries Limited (@RIL_Updates) <a href="https://twitter.com/RIL_Updates/status/2008269570424139779?ref_src=twsrc%5Etfw">January 5, 2026</a></p></blockquote>
<script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script><p>“Reliance Industries’ Jamnagar refinery has not received any cargo of Russian oil in the past three weeks approx and is not expecting any Russian crude oil deliveries in January,” the company said.</p>
<p>It added that vessel tracking data only shows possible destinations and does not confirm purchases or actual deliveries.</p>
<h2><strong>Company flags concern over report</strong></h2>
<p>Reliance also expressed strong displeasure over the report being published despite its denial.</p>
<p>“We are deeply pained that those claiming to be at the forefront of fair journalism chose to ignore the denial by RIL and publish a wrong report tarnishing our image,” the statement said.</p>
<h2><strong>What the report said</strong></h2>
<p>A foreign media had reported on January 2 that three tankers carrying around 2.2 million barrels of Russian crude were en route to Jamnagar. The report was based on vessel tracking data from Kpler which monitors ship movements and projected destinations.</p>
<p>The report suggested that Reliance may have resumed Russian crude imports after scaling them back due to US sanctions.</p>
<h2><strong>Why Jamnagar draws attention</strong></h2>
<p>The Jamnagar refinery in Gujarat is the world’s largest oil refining complex. It plays a key role in India’s fuel supply and exports. Any report on its crude sourcing draws global attention especially amid scrutiny of Russian oil trade.</p>
<h2><strong>Sanctions backdrop</strong></h2>
<p>The report comes at a time of tighter US and European Union sanctions on Russian oil. These include restrictions on shipping insurance and financial transactions.</p>
<p>In August 2025 US President Donald Trump imposed an additional 25 per cent tariff on India for importing Russian crude. This took total US levies to 50 per cent.</p>
<p>Indian refiners including Reliance have since been adjusting procurement strategies. They are increasing sourcing from West Asia Africa and other regions to maintain refinery operations.</p>
<h2><strong>1 Lakh cr market cap eroded</strong></h2>
<p>Shares of Reliance Industries Limited fell sharply on Tuesday. The RIL stock tumbled as much as 5 per cent during the session and hit an intraday low of Rs 1,497.05 on the Bombay Stock Exchange.</p>
<p>On the BSE, the stock closed at Rs 1,507.70, down Rs 69.75 or 4.42 per cent. On the National Stock Exchange, the share ended at Rs 1,508.90, lower by Rs 69.20 or 4.39 per cent.</p>
<p>This marked the steepest intraday fall for the stock since June 4, 2024.</p>
<p>Reliance shares slipped below their 50-day moving average during the session. The sharp fall erased more than Rs 1 lakh crore from the company’s market capitalisation.</p>
<p>Reliance also emerged as the single biggest drag on the Nifty 50 index on Tuesday.</p>


Reliance Industries Limited on Tuesday rejected a media report that claimed the company had received Russian crude at its Jamnagar refinery in recent weeks.In a statement posted on social media platform X Reliance said a media report suggesting that three vessels carrying Russian oil were headed to its Jamnagar refinery was “blatantly untrue”.The company said the report had caused reputational damage despite a clear denial from Reliance before publication.No Russian crude received or expectedReliance clarified that its Jamnagar refinery has not received any Russian crude cargo in the past three weeks and is not expecting any deliveries in January. Statement by Reliance Industries Limited:A news report in Bloomberg claiming “three vessels laden with Russian Oil are heading for Reliance Industries Limited’s Jamnagar refinery” is blatantly untrue.Reliance Industries’s Jamnagar refinery has not received any cargo of…— Reliance Industries Limited (@RIL_Updates) January 5, 2026“Reliance Industries’ Jamnagar refinery has not received any cargo of Russian oil in the past three weeks approx and is not expecting any Russian crude oil deliveries in January,” the company said.It added that vessel tracking data only shows possible destinations and does not confirm purchases or actual deliveries.Company flags concern over reportReliance also expressed strong displeasure over the report being published despite its denial.“We are deeply pained that those claiming to be at the forefront of fair journalism chose to ignore the denial by RIL and publish a wrong report tarnishing our image,” the statement said.What the report saidA foreign media had reported on January 2 that three tankers carrying around 2.2 million barrels of Russian crude were en route to Jamnagar. The report was based on vessel tracking data from Kpler which monitors ship movements and projected destinations.The report suggested that Reliance may have resumed Russian crude imports after scaling them back due to US sanctions.Why Jamnagar draws attentionThe Jamnagar refinery in Gujarat is the world’s largest oil refining complex. It plays a key role in India’s fuel supply and exports. Any report on its crude sourcing draws global attention especially amid scrutiny of Russian oil trade.Sanctions backdropThe report comes at a time of tighter US and European Union sanctions on Russian oil. These include restrictions on shipping insurance and financial transactions.In August 2025 US President Donald Trump imposed an additional 25 per cent tariff on India for importing Russian crude. This took total US levies to 50 per cent.Indian refiners including Reliance have since been adjusting procurement strategies. They are increasing sourcing from West Asia Africa and other regions to maintain refinery operations.1 Lakh cr market cap erodedShares of Reliance Industries Limited fell sharply on Tuesday. The RIL stock tumbled as much as 5 per cent during the session and hit an intraday low of Rs 1,497.05 on the Bombay Stock Exchange.On the BSE, the stock closed at Rs 1,507.70, down Rs 69.75 or 4.42 per cent. On the National Stock Exchange, the share ended at Rs 1,508.90, lower by Rs 69.20 or 4.39 per cent.This marked the steepest intraday fall for the stock since June 4, 2024.Reliance shares slipped below their 50-day moving average during the session. The sharp fall erased more than Rs 1 lakh crore from the company’s market capitalisation.Reliance also emerged as the single biggest drag on the Nifty 50 index on Tuesday.

In a statement posted on social media platform X Reliance said a media report suggesting that three vessels carrying Russian oil were headed to its Jamnagar refinery was “blatantly untrue”.

‘Blatantly untrue’: Reliance denies Jamnagar-bound Russian crude shipment

news-blatantly-untrue-reliance-denies-jamnagar-bound-russian-crude-shipment-387205

Reliance Industries Limited on Tuesday rejected a media report that claimed the company had received Russian crude at its Jamnagar refinery in recent weeks. In a statement posted on social media platform X Reliance said a media report suggesting that three vessels carrying Russian oil were headed to its Jamnagar refinery was “blatantly untrue”. The company said the report had caused reputational damage despite a clear denial from Reliance before publication. No Russian crude received or expected Reliance clarified that its Jamnagar refinery has not received any Russian crude cargo in the past three weeks and is not expecting any deliveries in January.   Statement by Reliance Industries Limited: A news report in Bloomberg claiming “three vessels laden with Russian Oil are heading for Reliance Industries Limited’s Jamnagar refinery” is blatantly untrue. Reliance Industries’s Jamnagar refinery has not received any cargo of… — Reliance Industries Limited (@RIL_Updates) January 5, 2026 “Reliance Industries’ Jamnagar refinery has not received any cargo of Russian oil in the past three weeks approx and is not expecting any Russian crude oil deliveries in January,” the company said. It added that vessel tracking data only shows possible destinations and does not confirm purchases or actual deliveries. Company flags concern over report Reliance also expressed strong displeasure over the report being published despite its denial. “We are deeply pained that those claiming to be at the forefront of fair journalism chose to ignore the denial by RIL and publish a wrong report tarnishing our image,” the statement said. What the report said A foreign media had reported on January 2 that three tankers carrying around 2.2 million barrels of Russian crude were en route to Jamnagar. The report was based on vessel tracking data from Kpler which monitors ship movements and projected destinations. The report suggested that Reliance may have resumed Russian crude imports after scaling them back due to US sanctions. Why Jamnagar draws attention The Jamnagar refinery in Gujarat is the world’s largest oil refining complex. It plays a key role in India’s fuel supply and exports. Any report on its crude sourcing draws global attention especially amid scrutiny of Russian oil trade. Sanctions backdrop The report comes at a time of tighter US and European Union sanctions on Russian oil. These include restrictions on shipping insurance and financial transactions. In August 2025 US President Donald Trump imposed an additional 25 per cent tariff on India for importing Russian crude. This took total US levies to 50 per cent. Indian refiners including Reliance have since been adjusting procurement strategies. They are increasing sourcing from West Asia Africa and other regions to maintain refinery operations. 1 Lakh cr market cap eroded Shares of Reliance Industries Limited fell sharply on Tuesday. The RIL stock tumbled as much as 5 per cent during the session and hit an intraday low of Rs 1,497.05 on the Bombay Stock Exchange. On the BSE, the stock closed at Rs 1,507.70, down Rs 69.75 or 4.42 per cent. On the National Stock Exchange, the share ended at Rs 1,508.90, lower by Rs 69.20 or 4.39 per cent. This marked the steepest intraday fall for the stock since June 4, 2024. Reliance shares slipped below their 50-day moving average during the session. The sharp fall erased more than Rs 1 lakh crore from the company’s market capitalisation. Reliance also emerged as the single biggest drag on the Nifty 50 index on Tuesday.