Reliance Industries Limited (RIL) witnessed a significant 7.4% decline in its shares, hitting a 52-week low amidst the global market turmoil triggered by trade disputes and recession concerns. The stock’s value plummeted by 12.7% over six trading sessions, leading to a massive Rs 2.26 lakh crore reduction in RIL’s market capitalisation. Technical analysis suggests that the stock may continue to face downward pressure in the near term.