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.

ViewSectorsIndustries·Communication ServicesConsumer DiscretionaryConsumer StaplesEnergyFinancialsHealth CareIndustrialsInformation TechnologyMaterialsReal EstateUtilities
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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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LEADINGWEAKENINGLAGGINGIMPROVING94.897.4100102.6105.296.198.1100101.9103.9RS-Ratio → relative strength vs Nifty 50 (100 = benchmark)RS-Momentum → rate of changeHome Electronics & Appliances: Leading (RS-Ratio 103.2, RS-Momentum 103.1). 18% of its stocks in Stage 2, breadth weakHome Electronics & AppliancesRetail - Department Stores: Leading (RS-Ratio 102.7, RS-Momentum 102.06). 25% of its stocks in Stage 2, breadth weakRetail - Department StoresTheme Parks & Gaming: Leading (RS-Ratio 102.09, RS-Momentum 100.55). 33% of its stocks in Stage 2, breadth thinningTheme Parks & GamingRestaurants & Cafes: Leading (RS-Ratio 100.57, RS-Momentum 100.66). 67% of its stocks in Stage 2, breadth strongRestaurants & CafesHousewares: Improving (RS-Ratio 99.59, RS-Momentum 100.53). 0% of its stocks in Stage 2, breadth weakHousewaresThree Wheelers: Improving (RS-Ratio 99.36, RS-Momentum 101.87). 0% of its stocks in Stage 2, breadth weakThree WheelersTires & Rubber: Improving (RS-Ratio 98.75, RS-Momentum 100.74). 38% of its stocks in Stage 2, breadth thinningTires & RubberFour Wheelers: Improving (RS-Ratio 98.7, RS-Momentum 101.71). 25% of its stocks in Stage 2, breadth buildingFour WheelersCycles: Improving (RS-Ratio 98.12, RS-Momentum 101.01). 0% of its stocks in Stage 2, breadth weakCyclesApparel & Accessories: Weakening (RS-Ratio 102.44, RS-Momentum 98.45). 18% of its stocks in Stage 2, breadth weakApparel & AccessoriesAuto Parts: Weakening (RS-Ratio 102.1, RS-Momentum 99.76). 41% of its stocks in Stage 2, breadth thinningAuto PartsTextiles: Weakening (RS-Ratio 101.93, RS-Momentum 99.83). 31% of its stocks in Stage 2, breadth thinningTextilesHotels, Resorts & Cruise Lines: Weakening (RS-Ratio 101.81, RS-Momentum 98.18). 24% of its stocks in Stage 2, breadth buildingHotels, Resorts & Cruise LinesTour & Travel Services: Weakening (RS-Ratio 101.43, RS-Momentum 98.46). 40% of its stocks in Stage 2, breadth thinningTour & Travel ServicesEducation Services: Weakening (RS-Ratio 101.4, RS-Momentum 98.27). 22% of its stocks in Stage 2, breadth weakEducation ServicesRetail - Online: Weakening (RS-Ratio 101.39, RS-Momentum 98.22). 33% of its stocks in Stage 2, breadth strongRetail - OnlinePrecious Metals, Jewellery & Watches: Weakening (RS-Ratio 101.29, RS-Momentum 99.1). 51% of its stocks in Stage 2, breadth thinningPrecious Metals, Jewellery & WatchesAnimation: Weakening (RS-Ratio 101.02, RS-Momentum 98.74). 100% of its stocks in Stage 2, breadth thinningAnimationRetail - Speciality: Weakening (RS-Ratio 100.74, RS-Momentum 99.11). 50% of its stocks in Stage 2, breadth thinningRetail - SpecialityWellness Services: Weakening (RS-Ratio 100.74, RS-Momentum 99.74). 100% of its stocks in Stage 2, breadth strongWellness ServicesTwo Wheelers: Weakening (RS-Ratio 100.35, RS-Momentum 99.68). 71% of its stocks in Stage 2, breadth strongTwo WheelersHome Furnishing: Weakening (RS-Ratio 100.31, RS-Momentum 98.29). 9% of its stocks in Stage 2, breadth weakHome FurnishingRetail - Apparel: Lagging (RS-Ratio 98.37, RS-Momentum 99.24). 10% of its stocks in Stage 2, breadth weakRetail - ApparelFootwear: Lagging (RS-Ratio 98.17, RS-Momentum 98.83). 25% of its stocks in Stage 2, breadth weakFootwear
Each dot is an industry; 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 industry's stocks are in Stage 2. Use the chips above to isolate industries; the axes stay fixed so positions remain comparable.

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

Showing the 5 Improving industries: behind, but turning up. Show all

Showing the 13 Weakening industries: still ahead, losing momentum. Show all

Showing the 2 Lagging industries: behind and still slipping. Show all

NSE industries by RRG quadrant, with where each one sat 1, 2 and 3 months earlier, RS-Ratio and RS-Momentum
IndustryNowBreadth1M2M3MRS-RatioRS-Mom8w returnStage 2 stocks
Home Electronics & AppliancesLeadingWeak18%price aheadWWL103.20103.10-1%Screen →
Retail - Department StoresLeadingWeak25%price aheadIGI102.70102.06-3.4%Screen →
Theme Parks & GamingLeadingThinning33%price aheadLGL102.09100.55+5.4%Screen →
Restaurants & CafesLeadingStrong67%WLW100.57100.66-4.9%Screen →
HousewaresImprovingWeak0%price aheadGGL99.59100.53-11.9%Screen →
Three WheelersImprovingWeak0%price aheadGLL99.36101.87-23.6%Screen →
Tires & RubberImprovingThinning38%price aheadLWW98.75100.74-9.3%Screen →
Four WheelersImprovingBuilding25%WLG98.70101.71-13%Screen →
CyclesImprovingWeak0%price aheadLIG98.12101.01-13.9%Screen →
Apparel & AccessoriesWeakeningWeak18%IGL102.4498.45+1.8%Screen →
Auto PartsWeakeningThinning41%WWL102.1099.76-2.2%Screen →
TextilesWeakeningThinning31%LGL101.9399.83-0.7%Screen →
Hotels, Resorts & Cruise LinesWeakeningBuilding24%breadth aheadIGL101.8198.18-3%Screen →
Tour & Travel ServicesWeakeningThinning40%IWW101.4398.46-5.1%Screen →
Education ServicesWeakeningWeak22%LIW101.4098.27-0.5%Screen →
Retail - OnlineWeakeningStrong33%breadth aheadLGL101.3998.22+7.6%Screen →
Precious Metals, Jewellery & WatchesWeakeningThinning51%LWW101.2999.10-0.4%Screen →
AnimationWeakeningThinning100%LWG101.0298.74+9.6%Screen →
Retail - SpecialityWeakeningThinning50%WWW100.7499.11+5.3%Screen →
Wellness ServicesWeakeningStrong100%breadth aheadLLW100.7499.74+16.5%Screen →
Two WheelersWeakeningStrong71%breadth aheadWLW100.3599.68-6.6%Screen →
Home FurnishingWeakeningWeak9%IGW100.3198.29-5.8%Screen →
Retail - ApparelLaggingWeak10%GIL98.3799.24-13.1%Screen →
FootwearLaggingWeak25%IIL98.1798.83-10.4%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 industry is in Stage 2 (the percentage, and the size of its dot on the graph) compared with the other industries 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. Thin industries without continuous history are left out rather than drawn from gaps.

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.