Key Events This Week
9 Feb: Robust value trading with Rs.15,112 crores turnover and outperformance (+0.73%)
10 Feb: High-value trading amid mixed signals; slight decline (-0.20%)
12 Feb: Continued high-value trading but price dips (-1.27%)
13 Feb: Heavy put option activity and sector weakness; stock falls further (-2.07%)
Weekly Close: Rs.1,419.90, down 2.13% vs Sensex -0.54%
9 February 2026: Strong Trading Volume and Outperformance
Reliance Industries Ltd kicked off the week with robust trading activity, registering a total traded value exceeding ₹15,112 crores and a volume of over 10.3 lakh shares. The stock closed at Rs.1,461.40, up 0.73%, outperforming the Sensex which gained 1.04%. This strong liquidity and value turnover underscored sustained investor interest despite mixed technical signals. The share price remained above its 5-day, 20-day, and 200-day moving averages, signalling underlying strength, although resistance persisted at the 50-day and 100-day averages. Institutional participation appeared cautious, with delivery volumes declining sharply, suggesting a shift towards short-term trading strategies.
10 February 2026: High-Value Trading Amid Mixed Market Signals
On 10 February, Reliance continued to see significant trading volumes with a turnover of ₹577.50 crores. However, the stock closed slightly lower at Rs.1,458.55, down 0.20%, underperforming the Sensex's 0.25% gain and the oil sector’s modest decline. The price action indicated cautious profit-taking or selective selling amid broader market optimism. Technical indicators remained mixed, with the stock trading above short- and long-term averages but below medium-term resistance levels. Delivery volumes remained subdued, reflecting a decline in long-term investor holding.
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12 February 2026: Price Decline Despite Strong Liquidity
Midweek trading saw Reliance’s share price retreat by 1.27% to Rs.1,449.85 amid a traded value of ₹6,084 crores and volume of 41.69 lakh shares. The stock’s decline was slightly better than the oil sector’s 1.01% fall but underperformed the Sensex’s smaller 0.56% drop. Technical analysis showed the stock holding above its 5-day, 20-day, and 200-day moving averages, yet still facing resistance at the 50-day and 100-day levels. Delivery volumes dipped marginally, indicating some profit-booking or cautious positioning. The company’s market capitalisation remained robust at approximately ₹19.81 lakh crores, reinforcing its large-cap status.
13 February 2026: Sector Weakness and Heavy Put Option Activity
The final trading day of the week was marked by heightened bearish sentiment as Reliance’s stock price fell 2.07% to Rs.1,419.90, with a total traded volume exceeding 72 lakh shares and turnover surpassing ₹1,028 crores. The decline aligned with a 2% drop in the Oil Exploration and Refining sector and a 1.14% fall in the Sensex. Notably, Reliance emerged as the most actively traded stock in the put options segment, with 8,462 contracts at the ₹1,400 strike price expiring on 24 February 2026. This surge in put option activity signals increased hedging and bearish positioning ahead of expiry, reflecting investor caution amid recent price weakness and sectoral headwinds.
Technically, the stock traded below its 5-day, 50-day, 100-day, and 200-day moving averages, indicating a mixed to bearish medium- and long-term trend. However, it remained above the 20-day moving average, suggesting some near-term support. Delivery volumes rose by 4.98% compared to the five-day average, indicating sustained long-term investor interest despite short-term price pressures.
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Daily Price Performance: Reliance Industries Ltd vs Sensex
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-09 | Rs.1,461.40 | +0.73% | 37,113.23 | +1.04% |
| 2026-02-10 | Rs.1,458.55 | -0.20% | 37,207.34 | +0.25% |
| 2026-02-11 | Rs.1,468.55 | +0.69% | 37,256.72 | +0.13% |
| 2026-02-12 | Rs.1,449.85 | -1.27% | 37,049.40 | -0.56% |
| 2026-02-13 | Rs.1,419.90 | -2.07% | 36,532.48 | -1.40% |
Key Takeaways
Robust Liquidity and Trading Volumes: Reliance Industries consistently demonstrated strong liquidity throughout the week, with daily traded values ranging from ₹577 crores to over ₹15,000 crores, supporting sizeable institutional trades without significant price impact.
Mixed Technical Signals: The stock maintained levels above short- and long-term moving averages but faced resistance at medium-term averages, resulting in a consolidation phase and cautious investor sentiment.
Sectoral Headwinds and Price Pressure: The Oil sector’s weakness, particularly on 12 and 13 February, weighed on Reliance’s share price, contributing to a 2.13% weekly decline, which was more pronounced than the Sensex’s 0.54% fall.
Increased Bearish Sentiment: Heavy put option activity at the ₹1,400 strike price ahead of the 24 February expiry signals growing hedging demand and bearish positioning, reflecting concerns over near-term downside risks.
Delivery Volume Trends: Delivery volumes showed fluctuations, with a notable decline early in the week followed by a rise on 12 February, indicating mixed investor participation between short-term trading and long-term holding.
Conclusion
Reliance Industries Ltd’s performance during the week of 9 to 13 February 2026 highlights a complex interplay of strong liquidity, mixed technical indicators, and sectoral challenges. Despite early outperformance and robust trading volumes, the stock faced mounting pressure amid oil sector weakness and increased bearish sentiment as evidenced by heavy put option activity. The downgrade to a Hold rating by MarketsMOJO and the technical resistance at key moving averages suggest that investors should exercise caution in the near term. Monitoring crude oil price trends, sector developments, and expiry-related volatility will be essential for assessing the stock’s trajectory going forward. Reliance remains a large-cap heavyweight with significant market interest, but the current environment calls for measured attention to evolving risks and opportunities.
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