Reliance shares 52 -Veek less .. 2.26 lakh crore in the last 6 days!

The domestic stock market saw a huge decline in trading on Monday. This has worried the investors. Reliance Industries shares fell 7.4 % to 52 -Week in intraday trading. At the end of the day, it was below 2.78 percent for Rs 1171.

Tension in global markets is increasing due to the possibility of economic recession in the US. It also affected the Indian stock market. Therefore, Reliance shares were selling. It reduced the share price significantly.

Reliance shares fell 12.7 percent during the last 6 business days. This reduced RIL market capitalization by Rs 2.26 lakh crore. Reliance is the largest company in the country in terms of market capitalization and current market capitalization. 15.49 lakh crores.

Reliance shares fell over 8 percent last month. It has registered a decline of more than 16 percent in the last 6 months. The stock fell nearly 23 percent in the last one year. On April 8, 2024, Reliance’s share price was traded for Rs 1485. The stock is currently trading at Rs 1171.

Reliance shares are technically under pressure. Business less than 50-day, 150-day and 200-day moving average. 14 -The relative power index is at 37.9. It is close to oversold.

US President Donald Trump has imposed mutual tariffs on 60 countries including India and China. China has also announced 34 percent of the US from April 10. China has implemented these tariffs as a revenge tariff. Nevertheless, this tariff has a negative impact on economies around the world. There is a major decline in the market in all these reasons.

All the regions of NSE ended with a decline. In intraday trading, metal sector falls 7.92 percent, media in media, 5.47 percent in media, 5.40 percent in realty sector, 4.90 percent in IT sector, 4.90 percent in auto sector, 4.83 percent in auto sector, 4.65 percent in private banking sector and 4.05 percent in PSU banking sector.

Note: This is not an investment advice. The stock market is subject to risk. Seek the advice of an expert before investing.