Reliance Industries Limited (RIL) shares witnessed a significant decline of 7.4% to hit a 52-week low amidst the ongoing global market downturn triggered by trade disputes and recession concerns. The stock’s value plummeted by 12.7% over the course of six trading sessions, leading to a substantial reduction in RIL’s market capitalisation by Rs 2.26 lakh crore. Technical analysis suggests that the stock is under continued pressure, reflecting the challenging market conditions.