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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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LEADINGWEAKENINGLAGGINGIMPROVING94.897.4100102.6105.295.497.7100102.3104.6RS-Ratio → relative strength vs Nifty 50 (100 = benchmark)RS-Momentum → rate of changeTrucks & Buses — Leading (RS-Ratio 102.63, RS-Momentum 100.45)Trucks & BusesAerospace & Defense Equipments — Leading (RS-Ratio 102.62, RS-Momentum 102.03)Aerospace & Defense EquipmentsCables — Leading (RS-Ratio 102.61, RS-Momentum 101.62)CablesElectrical Components & Equipments — Leading (RS-Ratio 102.37, RS-Momentum 101.21)Electrical Components & EquipmentsRail — Leading (RS-Ratio 102.36, RS-Momentum 101.31)RailBuilding Products - Pipes — Leading (RS-Ratio 102.33, RS-Momentum 103.71)Building Products - PipesLogistics — Leading (RS-Ratio 102.2, RS-Momentum 101.91)LogisticsHeavy Machinery — Leading (RS-Ratio 102.1, RS-Momentum 100.67)Heavy MachineryBusiness Support Services — Leading (RS-Ratio 102.09, RS-Momentum 100.89)Business Support ServicesBatteries — Leading (RS-Ratio 101.95, RS-Momentum 100.19)BatteriesConglomerates — Leading (RS-Ratio 101.79, RS-Momentum 100.52)ConglomeratesAirports — Leading (RS-Ratio 101.78, RS-Momentum 101.83)AirportsBuilding Products - Others — Leading (RS-Ratio 101.76, RS-Momentum 100.11)Building Products - OthersTractors — Leading (RS-Ratio 101.71, RS-Momentum 100.7)TractorsEmployment Services — Leading (RS-Ratio 101.59, RS-Momentum 101.75)Employment ServicesShipbuilding — Leading (RS-Ratio 101.42, RS-Momentum 101.4)ShipbuildingAirlines — Leading (RS-Ratio 100.65, RS-Momentum 101.68)AirlinesStationery — Leading (RS-Ratio 100.51, RS-Momentum 102.23)StationeryHeavy Electrical Equipments — Leading (RS-Ratio 100.49, RS-Momentum 101.9)Heavy Electrical EquipmentsBuilding Products - Ceramics — Improving (RS-Ratio 99.91, RS-Momentum 102.05)Building Products - CeramicsIndustrial Machinery — Improving (RS-Ratio 99.73, RS-Momentum 102.51)Industrial MachineryConstruction & Engineering — Improving (RS-Ratio 99.44, RS-Momentum 101.07)Construction & EngineeringRenewable Energy Equipment & Services — Improving (RS-Ratio 98.96, RS-Momentum 102.54)Renewable Energy Equipment & ServicesBuilding Products - Glass — Improving (RS-Ratio 98.71, RS-Momentum 100.79)Building Products - GlassPorts — Improving (RS-Ratio 98.42, RS-Momentum 101.81)PortsCommodities Trading — Improving (RS-Ratio 98.34, RS-Momentum 100.56)Commodities TradingAgricultural & Farm Machinery — Improving (RS-Ratio 98.21, RS-Momentum 101.21)Agricultural & Farm MachineryBuilding Products - Granite — Improving (RS-Ratio 98.19, RS-Momentum 100.8)Building Products - GraniteDredging — Lagging (RS-Ratio 99.65, RS-Momentum 99.16)DredgingRoads — Lagging (RS-Ratio 99.59, RS-Momentum 99.85)RoadsBuilding Products - Laminates — Lagging (RS-Ratio 99.18, RS-Momentum 99.62)Building Products - LaminatesEnvironmental Services — Lagging (RS-Ratio 98.02, RS-Momentum 99.25)Environmental ServicesBuilding Products - Prefab Structures — Lagging (RS-Ratio 97.84, RS-Momentum 98.97)Building Products - Prefab Structures
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
Trucks & BusesLeadingWLG102.63100.45+12%
Aerospace & Defense EquipmentsLeadingWIW102.62102.03+10.8%
CablesLeadingGLW102.61101.62+11.3%
Electrical Components & EquipmentsLeadingILW102.37101.21+6.8%
RailLeadingLLW102.36101.31+6%
Building Products - PipesLeadingIIL102.33103.71+2.3%
LogisticsLeadingWLW102.20101.91+5.4%
Heavy MachineryLeadingWGW102.10100.67+12.5%
Business Support ServicesLeadingWLW102.09100.89+8%
BatteriesLeadingLWW101.95100.19+8.1%
ConglomeratesLeadingIGW101.79100.52+11%
AirportsLeadingWWG101.78101.83+5.1%
Building Products - OthersLeadingLGL101.76100.11+27.2%
TractorsLeadingWIG101.71100.70+3.8%
Employment ServicesLeadingWLW101.59101.75+14.5%
ShipbuildingLeadingGIW101.42101.40+2.9%
AirlinesLeadingWLI100.65101.68+3.1%
StationeryLeadingWGG100.51102.23+4%
Heavy Electrical EquipmentsLeadingLWW100.49101.90+1%
Building Products - CeramicsImprovingWLW99.91102.05-0.1%
Industrial MachineryImprovingWWL99.73102.51-1.8%
Construction & EngineeringImprovingGLW99.44101.07-4.2%
Renewable Energy Equipment & ServicesImprovingGWW98.96102.54-8.1%
Building Products - GlassImprovingGGW98.71100.79-33.8%
PortsImprovingWLW98.42101.81-6.7%
Commodities TradingImprovingWWL98.34100.56-3.6%
Agricultural & Farm MachineryImprovingWIW98.21101.21-12.2%
Building Products - GraniteImprovingGWL98.19100.80-11%
DredgingLaggingGWG99.6599.16-8.1%
RoadsLaggingIWL99.5999.85-2%
Building Products - LaminatesLaggingWLW99.1899.62+1.2%
Environmental ServicesLaggingWIW98.0299.25-10.7%
Building Products - Prefab StructuresLaggingWLW97.8498.97-6%

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.