Reliance share price, Oct. 22 -- Reliance Industries shares declined around 1.5% on Thursday, October 22, even as Mukesh Ambani-led Jio Platforms' initial public offering (IPO) drew strong investor demand. The stock's decline came amid weakness in the broader market. Both Sensex and Nifty fell over 0.5% each.

Jio Platforms' Rs.30,213-crore IPO was fully subscribed within approximately 100 minutes of opening on Wednesday, October 21, making it the fastest among India's mega IPOs to achieve full subscription.

The stock has remained under pressure over the past year, with technical indicators pointing to crucial support levels. Meanwhile, market experts differ in their assessment of the recovery prospects, making the stock's next move an i...