Reliance Industries shares close 1.97 per cent lower ahead of Q1 earnings

The Reliance Industries stock closed lower on the BSE with the conglomerate set to announce its Q1 earnings later on Friday.

The stock closed 1.97 per cent or 20 points lower on the BSE Sensex. The stock opened at Rs 1046 level, touched the intra-day high of Rs 1050, to lose its gains in afternoon trade.

On Thursday, the stock hit its new 52-week high of Rs 1,067 on the BSE before closing lower 0.46 per cent lower on the BSE.

Meanwhile, the Sensex closed 258.53  points or 0.91 per cent lower. The NSE Nifty, too, closed 68.25 points or 0.79 per cent lower on Friday.