Reliance Shares Rise on US Waiver for Russian Oil Purchases

Shares of

Reliance Industries climbed about 1.9% (at the time of posting the post) after the US Treasury granted a temporary 30-day waiver allowing Indian refiners to buy Russian oil. The move aims to stabilise global energy markets amid Middle East tensions and Strait of Hormuz disruptions. Reliance, a major buyer of seaborne Russian oil, emerged as the top Nifty gainer.