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
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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Nothing selected — the graph is empty. Tick an industry above, or show all industries.

LEADINGWEAKENINGLAGGINGIMPROVING96.898.4100101.6103.296.698.3100101.7103.4RS-Ratio → relative strength vs Nifty 50 (100 = benchmark)RS-Momentum → rate of changeInsurance: Leading (RS-Ratio 100.76, RS-Momentum 100.92). 20% of its stocks in Stage 2, breadth weakInsuranceDiversified Financials: Weakening (RS-Ratio 101.23, RS-Momentum 98.76). 33% of its stocks in Stage 2, breadth strongDiversified FinancialsPrivate Banks: Weakening (RS-Ratio 101.07, RS-Momentum 98.71). 52% of its stocks in Stage 2, breadth thinningPrivate BanksAsset Management: Weakening (RS-Ratio 101.06, RS-Momentum 99.27). 28% of its stocks in Stage 2, breadth weakAsset ManagementHome Financing: Weakening (RS-Ratio 100.82, RS-Momentum 98.47). 36% of its stocks in Stage 2, breadth strongHome FinancingStock Exchanges & Ratings: Weakening (RS-Ratio 100.74, RS-Momentum 99.52). 71% of its stocks in Stage 2, breadth strongStock Exchanges & RatingsInvestment Banking & Brokerage: Weakening (RS-Ratio 100.23, RS-Momentum 97.86). 14% of its stocks in Stage 2, breadth weakInvestment Banking & BrokerageSpecialized Finance: Lagging (RS-Ratio 99.44, RS-Momentum 98.72). 33% of its stocks in Stage 2, breadth thinningSpecialized FinancePublic Banks: Lagging (RS-Ratio 98.99, RS-Momentum 98.13). 17% of its stocks in Stage 2, breadth weakPublic BanksPayment Infrastructure: Lagging (RS-Ratio 98.45, RS-Momentum 98.04). 20% of its stocks in Stage 2, breadth weakPayment InfrastructureConsumer Finance: Lagging (RS-Ratio 97.54, RS-Momentum 98.91). 32% of its stocks in Stage 2, breadth thinningConsumer Finance
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 one Leading industry: ahead of the Nifty and still gaining. Show all

No industry is Improving on this graph. Show all

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

Showing the 4 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
InsuranceLeadingWeak20%price aheadIGL100.76100.92-5.8%Screen →
Diversified FinancialsWeakeningStrong33%breadth aheadLGW101.2398.76-3.2%Screen →
Private BanksWeakeningThinning52%LWW101.0798.71-2.7%Screen →
Asset ManagementWeakeningWeak28%WGW101.0699.27-5.5%Screen →
Home FinancingWeakeningStrong36%breadth aheadIGL100.8298.47-3.7%Screen →
Stock Exchanges & RatingsWeakeningStrong71%breadth aheadWGG100.7499.52+4.4%Screen →
Investment Banking & BrokerageWeakeningWeak14%IWW100.2397.86-6.2%Screen →
Specialized FinanceLaggingThinning33%LWL99.4498.72-7.4%Screen →
Public BanksLaggingWeak17%WGW98.9998.13-8.2%Screen →
Payment InfrastructureLaggingWeak20%GWL98.4598.04-11.5%Screen →
Consumer FinanceLaggingThinning32%LWL97.5498.91-9.2%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.