Sector rotation

NSE relative rotation graph (RRG)

Every NSE sector plotted against the Nifty 50: how strong it is (RS-Ratio) and whether that strength is building or fading (RS-Momentum). Drop into a sector to see which industries inside it are actually carrying the move.

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As ofNow1W ago2W ago1M ago2M ago3M ago
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Showing the graph as it stood on 2026-09-28 — the positions traders were actually looking at then, not hindsight. Back to today →

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LEADINGWEAKENINGLAGGINGIMPROVING96.398.2100101.8103.796.698.3100101.7103.4RS-Ratio → relative strength vs Nifty 50 (100 = benchmark)RS-Momentum → rate of changeConsumer Discretionary: Leading (RS-Ratio 101.94, RS-Momentum 100.28). 32% of its stocks in Stage 2, breadth thinningCons. DiscretionaryMaterials: Leading (RS-Ratio 101.5, RS-Momentum 101.63). 38% of its stocks in Stage 2, breadth thinningMaterialsConsumer Staples: Leading (RS-Ratio 101.39, RS-Momentum 101.32). 33% of its stocks in Stage 2, breadth thinningCons. StaplesReal Estate: Leading (RS-Ratio 101.36, RS-Momentum 101.94). 19% of its stocks in Stage 2, breadth weakReal EstateInformation Technology: Improving (RS-Ratio 99.46, RS-Momentum 100.22). 26% of its stocks in Stage 2, breadth weakInfo TechHealth Care: Weakening (RS-Ratio 101.7, RS-Momentum 99.77). 48% of its stocks in Stage 2, breadth thinningHealth CareIndustrials: Weakening (RS-Ratio 101.14, RS-Momentum 98.8). 26% of its stocks in Stage 2, breadth weakIndustrialsEnergy: Weakening (RS-Ratio 100.37, RS-Momentum 99.66). 55% of its stocks in Stage 2, breadth strongEnergyFinancials: Weakening (RS-Ratio 100.35, RS-Momentum 97.88). 29% of its stocks in Stage 2, breadth thinningFinancialsUtilities: Weakening (RS-Ratio 100.15, RS-Momentum 98.91). 13% of its stocks in Stage 2, breadth weakUtilitiesCommunication Services: Weakening (RS-Ratio 100.12, RS-Momentum 98.18). 23% of its stocks in Stage 2, breadth buildingComm. Services
Each dot is a sector; the trail behind it is the last 8 weeks, one point per week. Rotation normally runs clockwise: Improving → Leading → Weakening → Lagging. A bigger dot means more of the sector's stocks are in Stage 2. Use the chips above to isolate sectors; the axes stay fixed so positions remain comparable.

Showing the 4 Leading sectors: ahead of the Nifty and still gaining. Show all

Showing the one Improving sector: behind, but turning up. Show all

Showing the 6 Weakening sectors: still ahead, losing momentum. Show all

No sector is Lagging on this graph. Show all

NSE sectors by RRG quadrant, with where each one sat 1, 2 and 3 months earlier, RS-Ratio and RS-Momentum
SectorNowBreadth1M2M3MRS-RatioRS-Mom8w returnStage 2 stocks
Consumer DiscretionaryLeadingThinning32%price aheadLGL101.94100.28-4.7%Screen →
MaterialsLeadingThinning38%price aheadWWW101.50101.63-2.4%Screen →
Consumer StaplesLeadingThinning33%price aheadWGI101.39101.32+0.2%Screen →
Real EstateLeadingWeak19%price aheadLGI101.36101.94-4.4%Screen →
Information TechnologyImprovingWeak26%price aheadGGW99.46100.22-7.9%Screen →
Health CareWeakeningThinning48%LWL101.7099.77+2.4%Screen →
IndustrialsWeakeningWeak26%LGW101.1498.80-3.6%Screen →
EnergyWeakeningStrong55%breadth aheadWWW100.3799.66-2.5%Screen →
FinancialsWeakeningThinning29%LGW100.3597.88-5.9%Screen →
UtilitiesWeakeningWeak13%IGI100.1598.91-9.2%Screen →
Communication ServicesWeakeningBuilding23%breadth aheadWIW100.1298.18-5.8%Screen →

L Leading · I Improving · W Weakening · G Lagging. Read the three history columns left to right to see the path: a run of I → L is a rotation being confirmed, L → W is one running out of road.

Breadth is how much of the sector is in Stage 2 (the percentage, and the size of its dot on the graph) compared with the other sectors here: Strong a large share and growing, Building a small share but growing, Thinning a large share but shrinking, Weak a small share and shrinking.

Benchmark: Nifty 50. Computed from 270 trading sessions, latest 2026-10-29. Updated after each end-of-day run.

How to read this

The horizontal axis is relative strength against the Nifty 50 — right of centre means the group is beating the index. The vertical axis is the momentum of that strength — above centre means the lead is still building. Both are measured against the group's own recent range rather than a fixed scale, so a position just past centre is a real move, not a rounding error.

Read the quadrant and the direction of travel, not the absolute distance. Groups normally rotate clockwise (Improving, Leading, Weakening, Lagging), and a tail curling back toward the centre is the earliest sign a run is ending. The most useful reading is a disagreement: something sitting in Leading with a tail already bending down is late, whatever the headline says.

Then check the breadth. The graph measures price against the Nifty; breadth counts how many of the group's own stocks are in a Stage 2 uptrend. When the two point the same way the move is broad. A group whose momentum is rising while fewer of its stocks hold Stage 2 is marked price ahead: a handful of names is carrying it. One where more stocks are entering Stage 2 while momentum still falls is marked breadth ahead, and that is often how a turn starts.