Reliance Industries Limited (RIL) witnessed a 7.4% decline in its shares, hitting a 52-week low, in the midst of a global market downturn triggered by trade tensions and concerns of an impending recession. The stock has experienced a significant decrease of 12.7% over the course of six trading sessions, leading to a substantial erosion of RIL’s market capitalisation by Rs 2.26 lakh crore. Technical analysis suggests that the stock may continue to face downward pressure in the near future.