Mumbai, Jan 25, 2026, 03:10 IST — Market has closed.
- Reliance Industries closed lower on Friday, wrapping up a week marked by a dip amid foreign outflows.
- In an exchange filing, the company merged 16 indirect units into its clean-energy division.
- Markets reopen Tuesday following the Republic Day break, eyeing the federal budget set for Feb. 1.
Shares of Reliance Industries Ltd (RELI.NS) dropped 1.17% on Friday, ending at 1,386.10 rupees on the NSE. The stock fluctuated between 1,381.00 and 1,407.00 during the day. Trading volumes hit roughly 9.84 million shares, data from the exchange showed, as reported by Investing.com.
Indian equities recorded their sharpest weekly decline in nearly four months, dragged down by foreign outflows and a volatile earnings season that left investors hesitant. “Markets are struggling to find their footing as unresolved trade talks with the U.S. have triggered panic-driven foreign outflows, keeping risk appetite muted,” said Aishvarya Dadheech, founder and chief investment officer at Fident Asset Management. Reliance slipped 4.9% during the week. The market will next open on Tuesday, following Monday’s Republic Day holiday. Reuters
Reliance disclosed in a filing late Thursday that 16 step-down subsidiaries—units held indirectly—were merged into Reliance New Energy Limited (RNEL), a fully owned subsidiary, with the change effective from Jan. 21. The filing named several entities, including Reliance Power Electronics, Reliance Electrolyser Manufacturing, and Reliance Green Hydrogen and Green Chemicals. The company said it received a notification from RNEL at 5:38 p.m. IST on Jan. 22.
Reliance slipped on Friday but held up better than several gas-sector rivals, according to MarketWatch data. GAIL, Gujarat State Petronet, and Indraprastha Gas all closed lower in the same session. The stock remains roughly 14% below the 52-week high it reached earlier this month.
The RNEL consolidation is just the newest step Reliance has taken to streamline and isolate its emerging energy ventures, including hydrogen and energy storage units, according to Indian media.
Traders say the immediate catalyst remains flow and positioning. Reliance, a heavyweight in domestic indices, often shifts with overall risk appetite—especially when foreign investors ramp up selling or local buyers pull back.
But the setup works both ways. A bounce may fizzle fast if outflows continue, while a new leg down often lacks strong conviction—particularly as the calendar tightens and liquidity moves around holidays.
The National Stock Exchange has designated Jan. 26 as a trading holiday for equities, so Reliance won’t see a new price until markets open Tuesday. After that, focus shifts to the Feb. 1 federal budget, which could shift sentiment around growth-driven, index-heavy stocks.
