High-Value Trading and Market Performance
On 7 January 2026, Reliance Industries Ltd witnessed a total traded volume of 21,15,116 shares, translating into a staggering traded value of ₹3,202.5 crores. This places the stock among the most actively traded equities by value on the day, underscoring its pivotal role in market liquidity and investor focus. The stock opened at ₹1,510.0, touched a high of ₹1,520.0, and a low of ₹1,504.4 before settling at a last traded price (LTP) of ₹1,515.9 as of 09:44:47 IST.
Compared to its previous close of ₹1,507.6, Reliance posted a modest gain of 0.60% for the day, outperforming the oil sector’s 0.06% rise and the Sensex’s decline of 0.12%. This relative strength highlights the stock’s resilience amid broader market volatility.
Institutional Interest and Delivery Volumes
Institutional investors have shown heightened interest in Reliance, as evidenced by a remarkable surge in delivery volumes. On 6 January 2026, the delivery volume soared to 1.43 crore shares, marking a 227.12% increase over the five-day average delivery volume. This spike indicates strong conviction among long-term investors, who are increasingly taking physical delivery of shares rather than engaging in intraday trading.
Such rising investor participation often precedes sustained price movements, suggesting that Reliance could be poised for further gains if this trend continues. The stock’s liquidity also supports sizeable trades, with the capacity to handle trade sizes up to ₹35.98 crores based on 2% of the five-day average traded value, making it attractive for institutional and high-net-worth investors.
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Technical Indicators and Trend Analysis
Reliance’s technical profile presents a nuanced picture. The stock has reversed its downward trend after two consecutive days of decline, signalling a potential short-term recovery. It currently trades above its 100-day and 200-day moving averages, which typically indicate a long-term bullish bias. However, it remains below its 5-day, 20-day, and 50-day moving averages, suggesting some near-term resistance and consolidation.
This mixed technical setup implies that while the stock enjoys underlying strength, it may face short-term hurdles before resuming a sustained uptrend. Investors should monitor these moving averages closely, as a break above the shorter-term averages could trigger renewed buying interest.
Mojo Score and Grade Revision
MarketsMOJO’s latest assessment assigns Reliance a mojo score of 62.0, categorising it as a ‘Hold’ from a previous ‘Buy’ rating as of 6 January 2026. This downgrade reflects a more cautious stance, likely influenced by recent price action and technical signals. Despite the downgrade, the stock’s market cap grade remains at the highest level (1), underscoring its status as a large-cap leader with significant market influence.
Investors should weigh this revised rating alongside the stock’s strong liquidity and institutional interest, balancing short-term caution with long-term fundamentals.
Sector and Market Context
Reliance operates within the oil industry, a sector that has experienced moderate gains recently. The stock’s outperformance relative to its sector by 0.4% on the day highlights its relative strength amid sectoral fluctuations. With a market capitalisation of ₹20,40,290 crores, Reliance remains a cornerstone of the Indian equity market, influencing broader indices and investor sentiment.
Given the current macroeconomic environment and oil price dynamics, Reliance’s integrated business model spanning refining, petrochemicals, and retail provides diversified revenue streams that may cushion it against sector-specific volatility.
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Investor Takeaways and Outlook
Reliance Industries Ltd’s robust trading volumes and value turnover, coupled with a significant rise in delivery volumes, indicate strong institutional and retail investor interest. While the mojo grade downgrade to ‘Hold’ advises caution, the stock’s outperformance relative to sector and benchmark indices suggests underlying strength.
Technical indicators point to a potential trend reversal, but the stock’s position below key short-term moving averages warrants close monitoring. Investors should consider the stock’s large-cap status, liquidity, and diversified business model when making allocation decisions.
Given the mixed signals, a balanced approach may be prudent, favouring accumulation on dips while watching for confirmation of sustained upward momentum.
Summary of Key Metrics
• Total traded volume: 21,15,116 shares
• Total traded value: ₹3,202.5 crores
• Last traded price: ₹1,515.9
• Day’s price range: ₹1,504.4 – ₹1,520.0
• Market cap: ₹20,40,290 crores
• Mojo score: 62.0 (Hold, downgraded from Buy on 6 Jan 2026)
• Delivery volume increase: +227.12% vs 5-day average
• Liquidity supports trade size up to ₹35.98 crores
• Sector 1D return: +0.06% vs Sensex -0.12%
