Reliance Industries shares decline 4% amid heavy volumes, emerges as third-biggest drag on Nifty

Reliance Industries shares fell 3.7% on Tuesday, reaching an intraday low of Rs 1,518.30, amid a significant spike in trade volumes. The company stated it expects no Russian crude oil deliveries in January, denying a report about vessels heading to its refinery. This comes as US President Trump threatened tariffs on India if it doesn't curb Russian oil purchases.