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

LEADINGWEAKENINGLAGGINGIMPROVING95.697.8100102.2104.496.198100102103.9RS-Ratio → relative strength vs Nifty 50 (100 = benchmark)RS-Momentum → rate of changePackaging — Leading (RS-Ratio 102.69, RS-Momentum 102.07)PackagingCommodity Chemicals — Leading (RS-Ratio 102.62, RS-Momentum 101.84)Commodity ChemicalsMining - Copper — Leading (RS-Ratio 102.34, RS-Momentum 101.74)Mining - CopperSpecialty Chemicals — Leading (RS-Ratio 102.03, RS-Momentum 101.86)Specialty ChemicalsMetals - Aluminium — Leading (RS-Ratio 101.97, RS-Momentum 101.09)Metals - AluminiumPaints — Leading (RS-Ratio 101.52, RS-Momentum 100.64)PaintsMining - Diversified — Leading (RS-Ratio 101.35, RS-Momentum 100.83)Mining - DiversifiedMetals - Lead — Leading (RS-Ratio 100.87, RS-Momentum 102.17)Metals - LeadDiversified Chemicals — Leading (RS-Ratio 100.82, RS-Momentum 100.36)Diversified ChemicalsMetals - Copper — Leading (RS-Ratio 100.59, RS-Momentum 102.31)Metals - CopperMining - Coal — Improving (RS-Ratio 98.77, RS-Momentum 101.65)Mining - CoalPaper Products — Weakening (RS-Ratio 101.14, RS-Momentum 99.52)Paper ProductsPlastic Products — Weakening (RS-Ratio 100.85, RS-Momentum 99.56)Plastic ProductsIron & Steel — Weakening (RS-Ratio 100.3, RS-Momentum 98.8)Iron & SteelMining - Manganese — Lagging (RS-Ratio 99.93, RS-Momentum 97.77)Mining - ManganeseMining - Iron Ore — Lagging (RS-Ratio 99.57, RS-Momentum 99.69)Mining - Iron OreCement — Lagging (RS-Ratio 99.12, RS-Momentum 99.51)CementMetals - Diversified — Lagging (RS-Ratio 98.92, RS-Momentum 97.86)Metals - DiversifiedFertilizers & Agro Chemicals — Lagging (RS-Ratio 98.78, RS-Momentum 99.18)Fertilizers & Agro ChemicalsMetals - Coke — Lagging (RS-Ratio 98.6, RS-Momentum 99.86)Metals - CokeWood Products — Lagging (RS-Ratio 98.44, RS-Momentum 99.77)Wood Products
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
PackagingLeadingLLW102.69102.07+16.8%
Commodity ChemicalsLeadingLWW102.62101.84+9.4%
Mining - CopperLeadingIGL102.34101.74+8.4%
Specialty ChemicalsLeadingLLW102.03101.86+9.9%
Metals - AluminiumLeadingIGL101.97101.09+9.2%
PaintsLeadingGWL101.52100.64+3.3%
Mining - DiversifiedLeadingIGW101.35100.83+6.1%
Metals - LeadLeadingLLW100.87102.17+6.1%
Diversified ChemicalsLeadingLLW100.82100.36+3.1%
Metals - CopperLeadingIIW100.59102.31-0.8%
Mining - CoalImprovingIWL98.77101.65-13%
Paper ProductsWeakeningLGW101.1499.52+11.5%
Plastic ProductsWeakeningLGG100.8599.56+2.3%
Iron & SteelWeakeningIGW100.3098.80+2.9%
Mining - ManganeseLaggingIIW99.9397.77+0%
Mining - Iron OreLaggingIGL99.5799.69-0.8%
CementLaggingLLW99.1299.51+1.4%
Metals - DiversifiedLaggingIGG98.9297.86-6.7%
Fertilizers & Agro ChemicalsLaggingILW98.7899.18-3.9%
Metals - CokeLaggingGLW98.6099.86-9.7%
Wood ProductsLaggingLIW98.4499.77-0.4%

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.