Rs 1.4 lakh crore shock! Why Reliance shares are hit in New Year selloff & what Q3 results could change

Reliance Industries has seen a significant market cap drop in early 2026 due to concerns over Russian crude exposure and slowing retail growth. Despite near-term headwinds, brokerages view 2026 as a "year of catalysts," anticipating strong energy segment performance and potential upside from Jio's listing and tariff hikes.