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.

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As ofNow1W ago2W ago1M ago2M ago3M ago
Trail4w6w8w12w

Showing the graph as it stood on 2026-10-22 — the positions traders were actually looking at then, not hindsight. Back to today →

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LEADINGWEAKENINGLAGGINGIMPROVING95.597.7100102.3104.59698100102104.1RS-Ratio → relative strength vs Nifty 50 (100 = benchmark)RS-Momentum → rate of changeInformation Technology: Leading (RS-Ratio 102.64, RS-Momentum 100.73). 21% of its stocks in Stage 2, breadth weakInfo TechCommunication Services: Weakening (RS-Ratio 100.89, RS-Momentum 98.77). 19% of its stocks in Stage 2, breadth weakComm. ServicesEnergy: Lagging (RS-Ratio 98.9, RS-Momentum 98.62). 52% of its stocks in Stage 2, breadth thinningEnergyHealth Care: Lagging (RS-Ratio 98.44, RS-Momentum 98.75). 39% of its stocks in Stage 2, breadth thinningHealth CareReal Estate: Lagging (RS-Ratio 98.14, RS-Momentum 99.22). 15% of its stocks in Stage 2, breadth weakReal EstateFinancials: Lagging (RS-Ratio 97.84, RS-Momentum 97.9). 20% of its stocks in Stage 2, breadth weakFinancialsUtilities: Lagging (RS-Ratio 97.77, RS-Momentum 98.32). 8% of its stocks in Stage 2, breadth weakUtilitiesConsumer Staples: Lagging (RS-Ratio 97.74, RS-Momentum 97.27). 30% of its stocks in Stage 2, breadth thinningCons. StaplesMaterials: Lagging (RS-Ratio 97.53, RS-Momentum 98.72). 32% of its stocks in Stage 2, breadth thinningMaterialsIndustrials: Lagging (RS-Ratio 97.29, RS-Momentum 98.07). 26% of its stocks in Stage 2, breadth thinningIndustrialsConsumer Discretionary: Lagging (RS-Ratio 97.12, RS-Momentum 99.14). 28% of its stocks in Stage 2, breadth thinningCons. Discretionary
Each dot is a sector; 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 sector's stocks are in Stage 2. Use the chips above to isolate sectors; the axes stay fixed so positions remain comparable.

Showing the one Leading sector: ahead of the Nifty and still gaining. Show all

No sector is Improving on this graph. Show all

Showing the one Weakening sector: still ahead, losing momentum. Show all

Showing the 9 Lagging sectors: behind and still slipping. Show all

NSE sectors by RRG quadrant, with where each one sat 1, 2 and 3 months earlier, RS-Ratio and RS-Momentum
SectorNowBreadth1M2M3MRS-RatioRS-Mom8w returnStage 2 stocks
Information TechnologyLeadingWeak21%price aheadGWG102.64100.73+1.3%Screen →
Communication ServicesWeakeningWeak19%LLG100.8998.77-1.8%Screen →
EnergyLaggingThinning52%WWL98.9098.62-5.8%Screen →
Health CareLaggingThinning39%LLW98.4498.75-8.2%Screen →
Real EstateLaggingWeak15%GIG98.1499.22-9.4%Screen →
FinancialsLaggingWeak20%WLW97.8497.90-7.1%Screen →
UtilitiesLaggingWeak8%LGI97.7798.32-6%Screen →
Consumer StaplesLaggingThinning30%LLI97.7497.27-7.2%Screen →
MaterialsLaggingThinning32%WWL97.5398.72-8.5%Screen →
IndustrialsLaggingThinning26%WLI97.2998.07-9%Screen →
Consumer DiscretionaryLaggingThinning28%LLL97.1299.14-9.4%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 sector is in Stage 2 (the percentage, and the size of its dot on the graph) compared with the other sectors 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.

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.