Bad news for Mukesh Ambani as he loses Rs 43000 crore in just one day due to…

Shares of Reliance Industries Ltd (RIL) fell on Monday, April 7, 2025, in the early morning trading session by 7.4% after hitting a 52-week low of Rs 1,115.55. It was a impact of the global market fall over US President Donald Trump’s announcement of new tariffs. RIL lost Rs 2.26 lakh crore in market capitalisation in the last six trading sessions, taking down its total valuation to Rs 15.49 lakh crore, as per Economic Times report.

The tariffs, imposed last Wednesday, have sparked fears of a global recession and a panic among selling across equity, commodity, and currency markets. In the Indian market the Nifty 50 and Sensex went down nearly by 5% in early trade, marking their biggest single-day decline since March 2020.

The effect was seen across Asia. Japan’s Nikkei 225 dropped 6.5%, and the MSCI Asia ex-Japan index fell 6.8%. The impact was also on US markets, where the Nasdaq entered bear market territory.

Investor concerns increased after remarks from Federal Reserve Chair Jerome Powell appeared, wherein he warned on Friday that the new tariffs were larger than expected and could impact both inflation and growth. His comments added to the market’s negative sentiments.

Reliance Stock Under Pressure

RIL has been an underperformer as compared to the broader market for many months. The stock is now down 21.6% year-on-year, 17.4% over the past six months, and 10% in just the last week. The stock is showing signs of weakness, trading below its 50-day, 150-day, and 200-day simple moving averages (SMAs). The 14-day Relative Strength Index (RSI) has dropped to 37.9.

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