Trading Volume and Price Action
On 6 Jan 2026, Reliance Industries recorded a total traded volume of 7,861,535 shares, translating to a substantial traded value of approximately ₹1,20,380.54 lakhs. This volume is notably high compared to the stock’s recent averages, signalling heightened investor interest and activity. However, the price movement was less favourable, with the stock opening at ₹1,569.0 and touching an intraday low of ₹1,517.8, marking a decline of 3.82% from the previous close of ₹1,578.1. The last traded price (LTP) stood at ₹1,526.0 as of 09:44:46 IST, reflecting a day’s loss of 3.12%.
Sector and Market Context
The oil exploration and refinery sector, to which Reliance belongs, experienced a downturn on the same day, falling by 2.22%. Reliance’s performance lagged behind the sector by 0.72%, and the broader Sensex index declined marginally by 0.20%. This underperformance amid a sector-wide decline suggests that the stock is facing specific headwinds beyond general market sentiment.
Technical Indicators and Moving Averages
From a technical standpoint, Reliance’s price remains above its 50-day, 100-day, and 200-day moving averages, indicating a longer-term bullish trend. However, the stock is trading below its 5-day and 20-day moving averages, signalling short-term weakness and potential consolidation. The weighted average price for the day was closer to the intraday low, suggesting that most volume was traded near the lower price levels, which could indicate selling pressure.
Investor Participation and Liquidity
Investor participation has notably increased, with delivery volume on 5 Jan 2026 reaching 61.27 lakh shares, a rise of 62.95% compared to the five-day average delivery volume. This surge in delivery volume points to stronger accumulation or distribution activity by investors. The stock’s liquidity remains robust, with the capacity to handle trade sizes up to ₹24.36 crore based on 2% of the five-day average traded value, making it suitable for institutional and retail trading alike.
Only 1% make it here. This Large Cap from the Gems, Jewellery And Watches sector passed our rigorous filters with flying colors. Be among the first few to spot this gem!
- - Highest rated stock selection
- - Multi-parameter screening cleared
- - Large Cap quality pick
Mojo Score Upgrade and Rating
Reliance Industries currently holds a Mojo Score of 70.0, reflecting a positive outlook based on a comprehensive analysis of financials, technicals, and market sentiment. The Mojo Grade was recently upgraded from Hold to Buy on 3 Nov 2025, signalling improved confidence in the stock’s medium-term prospects. The company’s market capitalisation stands at a commanding ₹20,68,843.85 crore, categorising it as a large-cap stock with significant influence in the oil sector.
Price Performance and Trend Analysis
The stock has been on a consecutive two-day decline, losing 3.78% over this period. This short-term downtrend contrasts with the longer-term technical support indicated by moving averages. The recent price weakness may be attributed to profit booking or sector-specific concerns, as the oil exploration and refinery sector has been under pressure due to fluctuating crude oil prices and regulatory factors.
Accumulation and Distribution Signals
The elevated delivery volume and high traded value suggest active participation by both institutional and retail investors. The increase in delivery volume by nearly 63% compared to the recent average indicates that investors are either accumulating shares at lower prices or distributing holdings amid volatility. Given the stock’s strong fundamentals and recent upgrade, the accumulation hypothesis appears plausible, though caution is warranted given the short-term price weakness.
Liquidity and Trading Suitability
Reliance’s liquidity profile remains healthy, supporting sizeable trade executions without significant market impact. The ability to handle trade sizes of over ₹24 crore based on recent averages makes it an attractive option for large investors seeking exposure to the oil sector. This liquidity also facilitates smoother price discovery and reduces volatility caused by thin trading.
Thinking about Reliance Industries Ltd? Our real-time Verdict report breaks down everything – from financial health and peer comparison to technical signals and fair valuation for this large-cap stock!
- - Real-time Verdict available
- - Financial health breakdown
- - Fair valuation calculated
Outlook and Investor Considerations
While Reliance Industries is currently facing short-term price pressure, its strong fundamentals, large market capitalisation, and recent upgrade to a Buy rating provide a solid foundation for medium to long-term investors. The stock’s ability to maintain prices above key moving averages suggests underlying strength despite recent volatility. Investors should monitor sector developments, crude oil price trends, and delivery volume patterns to gauge future momentum.
Summary
Reliance Industries Ltd’s heavy trading volume on 6 Jan 2026 highlights significant market interest amid a challenging sector environment. The stock’s short-term weakness contrasts with its longer-term technical support and upgraded Mojo Grade. Elevated delivery volumes indicate active accumulation or distribution, with liquidity remaining robust for large trades. Investors are advised to weigh these factors carefully, considering both the risks and opportunities presented by current market dynamics.
Only Rs. 9,999 - Get MojoOne + Stock of the Week for 1 Year (MRP = Rs. 34,999) Start Today
