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Sector rotation

Where the money is going.

Leadership trends, sector and industry stage mix, the full heatmap, and the multi-year history — one place to decide which pockets deserve your attention.

Relative Rotation Graph

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.

Showing the graph as it stood on 2026-08-13 — the positions traders were actually looking at then, not hindsight. Back to today →

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LEADINGWEAKENINGLAGGINGIMPROVING96.498.2100101.8103.696.598.3100101.7103.5RS-Ratio → relative strength vs Nifty 50 (100 = benchmark)RS-Momentum → rate of changePublic Banks — Leading (RS-Ratio 101.66, RS-Momentum 101.89)Public BanksConsumer Finance — Leading (RS-Ratio 101.38, RS-Momentum 101.15)Consumer FinanceDiversified Financials — Leading (RS-Ratio 100.11, RS-Momentum 102.72)Diversified FinancialsAsset Management — Improving (RS-Ratio 99.82, RS-Momentum 101.67)Asset ManagementInvestment Banking & Brokerage — Improving (RS-Ratio 99.75, RS-Momentum 101.86)Investment Banking & BrokerageStock Exchanges & Ratings — Improving (RS-Ratio 99.65, RS-Momentum 101.67)Stock Exchanges & RatingsInsurance — Improving (RS-Ratio 99.12, RS-Momentum 100.17)InsuranceHome Financing — Improving (RS-Ratio 98.88, RS-Momentum 101.91)Home FinancingPrivate Banks — Improving (RS-Ratio 98.13, RS-Momentum 101.18)Private BanksPayment Infrastructure — Weakening (RS-Ratio 100.49, RS-Momentum 99.43)Payment InfrastructureSpecialized Finance — Lagging (RS-Ratio 98.28, RS-Momentum 98.51)Specialized 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. Use the chips above to isolate industries — the axes stay fixed so positions remain comparable.
NSE industries by RRG quadrant, with where each one sat 1, 2 and 3 months earlier, RS-Ratio and RS-Momentum
IndustryNow1M2M3MRS-RatioRS-Mom8w return
Public BanksLeadingGLG101.66101.89+2.8%
Consumer FinanceLeadingWLW101.38101.15+7.4%
Diversified FinancialsLeadingWLW100.11102.72+1.7%
Asset ManagementImprovingGGW99.82101.67+0%
Investment Banking & BrokerageImprovingLLW99.75101.86+1.8%
Stock Exchanges & RatingsImprovingILL99.65101.67-2.4%
InsuranceImprovingWIL99.12100.17-0.8%
Home FinancingImprovingWLW98.88101.91-2.2%
Private BanksImprovingWLI98.13101.18-3%
Payment InfrastructureWeakeningLII100.4999.43+7.9%
Specialized FinanceLaggingGIW98.2898.51-5.7%

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.

Benchmark: Nifty 50. Computed from 269 trading sessions, latest 2026-09-11. 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.