Reliance Industries shares fell approximately 1.07% on May 15, 2026. The stock closed near its 52-week low during the session.
This decline made the heavyweight stock the primary drag on the Nifty index. The stock's performance pulled the benchmark lower despite gains in the IT sector.
MarketsMojo recently downgraded the company from 'Hold' to 'Sell'. Broader weakness across the oil sector also pressured the share price.
Delivery volumes increased despite the price drop, indicating interest from long-term holders. Significant activity in the options market suggested high speculative trading at current price levels.