Reliance Slides as Profit Booking and Global Concerns Weigh

As on 8 Jan 2026,

’ stock is down over 8% from its all-time high, registering its fourth straight negative close. The decline largely follows profit booking after a strong rally, with the stock correcting sharply by 4–5% in a single session on January 6 after hitting its peak. Sentiment was further dented by negative news flow around Russian oil shipments to the Jamnagar refinery, which, despite company denials, created uncertainty around refining operations. Adding to the pressure, according to a report, CLSA exited RIL from its portfolio, citing rising retail sector competition and weak consumption trends. Technically, the ₹1441–₹1422 zone may act as a key support area under current market conditions. 📌 Disclaimer: This content is for information only and not investment advice. Investments in securities market are subject to market risks. Read all the related documents carefully before investing. Please consult a SEBI-registered advisor before making any investment decisions.