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

LEADINGWEAKENINGLAGGINGIMPROVING95.297.6100102.4104.895.697.8100102.2104.4RS-Ratio → relative strength vs Nifty 50 (100 = benchmark)RS-Momentum → rate of changeTV Channels & Broadcasters: Leading (RS-Ratio 102.29, RS-Momentum 102.07). 0% of its stocks in Stage 2, breadth weakTV Channels & BroadcastersMovies & TV Serials: Leading (RS-Ratio 102.19, RS-Momentum 100.11). 11% of its stocks in Stage 2, breadth weakMovies & TV SerialsAdvertising: Improving (RS-Ratio 99.79, RS-Momentum 100.01). 0% of its stocks in Stage 2, breadth weakAdvertisingPublishing: Improving (RS-Ratio 99.16, RS-Momentum 101.11). 33% of its stocks in Stage 2, breadth strongPublishingTheatres: Weakening (RS-Ratio 100.92, RS-Momentum 99.21). 100% of its stocks in Stage 2, breadth thinningTheatresTelecom Equipments: Weakening (RS-Ratio 100.72, RS-Momentum 98.81). 44% of its stocks in Stage 2, breadth thinningTelecom EquipmentsOnline Services: Weakening (RS-Ratio 100.48, RS-Momentum 97.93). 42% of its stocks in Stage 2, breadth strongOnline ServicesTelecom Infrastructure: Lagging (RS-Ratio 99.84, RS-Momentum 96.5). 0% of its stocks in Stage 2, breadth weakTelecom InfrastructureRadio: Lagging (RS-Ratio 99.41, RS-Momentum 98.56). 33% of its stocks in Stage 2, breadth thinningRadioTelecom Services: Lagging (RS-Ratio 98.8, RS-Momentum 98.84). 13% of its stocks in Stage 2, breadth buildingTelecom ServicesCable & D2H: Lagging (RS-Ratio 96.83, RS-Momentum 97.26). 17% of its stocks in Stage 2, breadth strongCable & D2H
Each dot is an industry; the trail behind it is the last 4 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 2 Leading industries: ahead of the Nifty and still gaining. Show all

Showing the 2 Improving industries: behind, but turning up. Show all

Showing the 3 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-Mom4w returnStage 2 stocks
TV Channels & BroadcastersLeadingWeak0%price aheadGII102.29102.07+2.6%Screen →
Movies & TV SerialsLeadingWeak11%price aheadWIG102.19100.11+0%Screen →
AdvertisingImprovingWeak0%price aheadGGI99.79100.01-3%Screen →
PublishingImprovingStrong33%GWG99.16101.11-4.9%Screen →
TheatresWeakeningThinning100%LLI100.9299.21-0.2%Screen →
Telecom EquipmentsWeakeningThinning44%WIW100.7298.81-3.8%Screen →
Online ServicesWeakeningStrong42%breadth aheadLWL100.4897.93-4%Screen →
Telecom InfrastructureLaggingWeak0%IIG99.8496.50-4.5%Screen →
RadioLaggingThinning33%LLI99.4198.56-5.7%Screen →
Telecom ServicesLaggingBuilding13%breadth aheadGIW98.8098.84-4.4%Screen →
Cable & D2HLaggingStrong17%breadth aheadGGG96.8397.26-8.9%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.