Shares of Reliance Industries fell 3% to a 52-week low of ₹1,156, driven by ongoing selling pressure from foreign institutional investors (FIIs) amid global economic uncertainties and tightening monetary policies. This decline marks the company's lowest share price since November 2023. The broader Indian stock market also faced challenges, with the BSE Sensex trading at a trailing price-to-earnings (P/E) ratio of 20.4x, the lowest level since May 2020, excluding pandemic-related sell-offs. Additionally, Goldman Sachs lowered its target price for BSE shares to ₹4,880 from ₹5,650, citing concerns over new regulations that may impact proprietary traders, a significant revenue source for the exchange. The BSE share price fell 5.1% to ₹4,395.7, extending its two-day decline to 15%. Analysts noted that Indian equities are currently trading below long-term valuations, with the Sensex and Nifty at one-year forward P/E multiples of 19.09x and 18.45x, respectively.