New Delhi, June 8 -- Shares of India's most valuable company by market capitalisation (m-cap), Reliance Industries (RIL), have been caught in a freefall as they declined for the ninth day in a row on Monday, 8 June, amid broader weakness in the Indian stock market and relentless selling pressure from the foreign institutional investors (FIIs) due to the rising crude oil prices following the Middle East conflict.

Reliance Industries share price declined over 1.5% to its 52-week low of Rs.1270.60 apiece in intraday deals today. During the nine-day losing run, the Mukesh Ambani-led company's shares have shed 7%, eroding investor wealth by Rs.129,000 crore as Reliance Industries' market cap fell to Rs.17.10 lakh crore today, down from Rs.18....