Key Highlights:
Reliance Share Price Update: In a significant morning dip, Reliance Industries Ltd. (RIL) shares fell sharply on Thursday, April 4, amid a broad-based market selloff driven by global economic concerns. As of 10:23 am IST, Reliance shares were trading at ₹1,209.30, marking a decline of ₹39.40 or 3.16% from the previous close of ₹1,248.70.
Market Opening & Price Movement
The stock opened at ₹1,241.10 on the National Stock Exchange (NSE), registering a gap-down compared to the previous session. While the day’s high touched ₹1,245.45, it quickly retreated to an intraday low of ₹1,208.00, as investor sentiment remained jittery.
This downturn mirrors weakness across Indian equity benchmarks, with Nifty 50 also falling by over 275 points in early trade due to fears of a global trade war triggered by US President Donald Trump’s aggressive tariff policies.
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Key Metrics:
- Current Price (10:23 am): ₹1,209.30
- Day’s Change: -₹39.40 (-3.16%)
- Previous Close: ₹1,248.70
- Market Cap: ₹16.37 Lakh Crore
- P/E Ratio: 23.66
- Dividend Yield: 0.41%
- 52-Week High: ₹1,608.80
- 52-Week Low: ₹1,156.00
Global Cues Impacting Sentiment
The broader Indian market has come under pressure following Trump’s announcement of sweeping reciprocal tariffs that could potentially disrupt global supply chains. US indices witnessed a record sell-off on April 3, with the S&P 500 falling 4.9% and the Nasdaq 100 plunging 5.5%, the steepest single-day declines since 2020. The ripple effect was visible in Asian markets, and India was no exception.
Sectoral and Investor Insights
Reliance, being one of the heaviest weighted stocks on the Nifty 50 and Sensex, plays a major role in shaping market direction. The fall in RIL today has significantly contributed to the downward drag on both indices.
Despite the volatility, Reliance continues to command strong fundamentals, with diversified exposure across telecom (Jio), retail (Reliance Retail), and energy sectors. However, in the short term, volatility may persist due to macroeconomic uncertainty and foreign investor outflows.
Analyst Outlook
Market analysts believe this correction could be short-lived if the global narrative improves or if Reliance delivers strong Q4 results. “Reliance’s long-term outlook remains stable, but in the current environment, it’s susceptible to global shocks,” said Sumeet Mehta, an independent equity analyst.
Technical View
From a technical standpoint, the stock is currently testing short-term support levels near ₹1,200. If this level holds, a rebound could be expected, but any breach could result in a deeper correction toward the ₹1,170–1,180 range.
Reliance Industries’ share price dip on April 4 reflects the heightened volatility across global and domestic markets. As investors brace for more economic data and geopolitical updates, all eyes will remain on how large-cap stocks like Reliance navigate this uncertainty.
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