Sunil Mathur 
On Monday, Reliance Industries witnessed a steep fall in its share price, dropping over 3% during the session. This pullback comes after the stock’s impressive seven-session winning streak and occurs amid a broader market downturn attributed to profit-booking by investors. The decline followed a surge in the market that brought stocks close to record highs, prompting traders to secure profits.
Market analysts noted that there was no specific company-related news or external factors responsible for Reliance’s decline, with the fall being largely seen as a result of heightened profit-taking activity after significant gains in recent weeks. The broader market also saw a dip, suggesting that the correction was driven by a general market sentiment rather than individual stock issues.
Reliance Industries Stock Faces Sharp Decline Amid Market Selloff
In the late afternoon session on Monday, Reliance Industries’ share price dropped by 3.03%, trading at ₹2,959.75. This marked a significant pullback for the stock, which has otherwise gained over 14% this year and nearly 28% over the past 12 months. The decline was part of a broader market correction, with the Nifty 50 index also falling 1.4%, indicating widespread profit-booking by investors after a period of strong gains.
The sharp drop in Reliance shares, however, was not linked to any specific news or events concerning the company. Instead, market analysts attribute the decline to overall market sentiment, where investors have been locking in profits following the recent market rally that pushed indices toward record highs.
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