New Delhi, Jan. 6 -- A day after falling nearly 1%, Reliance's share price crashed 5% in morning trade on the BSE on Tuesday, January 6. Reliance Industries (RIL) share price opened at Rs.1,575.55 against its previous close of Rs.1,577.45 and fell as much as 5.1% to an intraday low of Rs.1,497.05.

Shares of India's biggest company in terms of market capitalisation have been under pressure after the US attacked Venezuela on Saturday, a major oil-producing company worldwide, and captured its President, Nicolas Maduro, and his wife. Venezuela reportedly holds the largest known oil reserves, according to media reports.

There are concerns that if the US-Venezuela conflict escalates further and causes volatility in crude oil prices, it may st...