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The Nifty Realty index was trading 0.05 per cent down at 428.5.

The Relative Strength Index of the stock stood at 50.01 on Friday.

Reliance Industries, incorporated in the year 1973, is a Large Cap company (having a market cap of Rs 1718122.69 Crore) operating in Diversified sector.

A total of 14,846 shares changed hands on the counter till 10:15AM (IST)

Amid concerns around margins and growth outlook, at least 3 IT stocks - Wipro, LTIMindtree and Tech Mahindra - are down over 40% in the last one year period. All the remaining ones have also seen double-digit losses.

The company’s board meeting will be convened to consider and revise the remuneration payable to Sunay Krishna Khaitan, wholetime director of the company within the limit approved by the shareholders in the AGM.

“The biggest overweight continues to be capital goods and industrial machinery where we have been overweight since October 2021, about 15 months now. That continues to be our biggest overweight and that has been a big winner. Other overweight sectors have really come from a bottom up stock picking. There might be textiles, a few chemicals, some auto components stocks.”

"I want to basically create a portfolio which will have stocks like L&T, NCC in the infrastructure or maybe IndusInd Bank, Canara Bank and even HDFC Bank in the banking space. There can be some soft commodities or food companies like Daawat and metal companies like Vedanta. I would want a little balanced portfolio for this year "

“Bajaj Finance is purely on the retail side. As rates move up, there is a high possibility that there could be an uptick in NPAs also. If you look at it, the difference between Bajaj Finance and the overall financial sector, like credit growth of the system, has reached 17-18%. ”

“Options data suggests a broader trading range in between 17700 to 18500 zones while an immediate trading range in between 17850 to 18250 zones,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.