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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 2026-09-04 — the positions traders were actually looking at then, not hindsight. Back to today →

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LEADINGWEAKENINGLAGGINGIMPROVING95.297.6100102.4104.895.998100102104.1RS-Ratio → relative strength vs Nifty 50 (100 = benchmark)RS-Momentum → rate of changeAnimation — Leading (RS-Ratio 102.06, RS-Momentum 101.44)AnimationPrecious Metals, Jewellery & Watches — Leading (RS-Ratio 101.31, RS-Momentum 101.03)Precious Metals, Jewellery & WatchesTwo Wheelers — Leading (RS-Ratio 100.75, RS-Momentum 100.47)Two WheelersApparel & Accessories — Leading (RS-Ratio 100.62, RS-Momentum 102.05)Apparel & AccessoriesHotels, Resorts & Cruise Lines — Leading (RS-Ratio 100.52, RS-Momentum 100.51)Hotels, Resorts & Cruise LinesHome Furnishing — Leading (RS-Ratio 100.42, RS-Momentum 100.74)Home FurnishingEducation Services — Improving (RS-Ratio 99.91, RS-Momentum 101.83)Education ServicesThree Wheelers — Improving (RS-Ratio 99.05, RS-Momentum 100.89)Three WheelersHousewares — Improving (RS-Ratio 98.91, RS-Momentum 100.41)HousewaresFootwear — Improving (RS-Ratio 98.83, RS-Momentum 101.64)FootwearRetail - Apparel — Improving (RS-Ratio 98.81, RS-Momentum 100.63)Retail - ApparelTextiles — Weakening (RS-Ratio 102.84, RS-Momentum 99.63)TextilesRetail - Speciality — Weakening (RS-Ratio 101.98, RS-Momentum 99.05)Retail - SpecialityRetail - Online — Weakening (RS-Ratio 101.72, RS-Momentum 98.41)Retail - OnlineTheme Parks & Gaming — Weakening (RS-Ratio 101.66, RS-Momentum 99.98)Theme Parks & GamingTour & Travel Services — Weakening (RS-Ratio 101.29, RS-Momentum 98.38)Tour & Travel ServicesWellness Services — Weakening (RS-Ratio 100.97, RS-Momentum 99.52)Wellness ServicesAuto Parts — Weakening (RS-Ratio 100.91, RS-Momentum 99.58)Auto PartsRestaurants & Cafes — Weakening (RS-Ratio 100.71, RS-Momentum 99.55)Restaurants & CafesHome Electronics & Appliances — Weakening (RS-Ratio 100.47, RS-Momentum 98.92)Home Electronics & AppliancesTires & Rubber — Weakening (RS-Ratio 100.05, RS-Momentum 99.5)Tires & RubberCycles — Lagging (RS-Ratio 98.93, RS-Momentum 98.34)CyclesFour Wheelers — Lagging (RS-Ratio 98.66, RS-Momentum 99.17)Four WheelersRetail - Department Stores — Lagging (RS-Ratio 98.48, RS-Momentum 99.19)Retail - Department Stores
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
AnimationLeadingWII102.06101.44+6.1%
Precious Metals, Jewellery & WatchesLeadingWLL101.31101.03+9.8%
Two WheelersLeadingWLL100.75100.47+14.1%
Apparel & AccessoriesLeadingIWL100.62102.05-1.8%
Hotels, Resorts & Cruise LinesLeadingIWL100.52100.51-1.4%
Home FurnishingLeadingGWW100.42100.74-2.1%
Education ServicesImprovingIWL99.91101.83-5.5%
Three WheelersImprovingLIG99.05100.89-3.8%
HousewaresImprovingGWL98.91100.41-10%
FootwearImprovingGWG98.83101.64-12.3%
Retail - ApparelImprovingLGG98.81100.63-1.4%
TextilesWeakeningIWL102.8499.63+5.2%
Retail - SpecialityWeakeningWLW101.9899.05+24.6%
Retail - OnlineWeakeningGLG101.7298.41+10%
Theme Parks & GamingWeakeningLWW101.6699.98+17.3%
Tour & Travel ServicesWeakeningLWL101.2998.38+6.5%
Wellness ServicesWeakeningWWW100.9799.52+3.1%
Auto PartsWeakeningLWW100.9199.58+9.5%
Restaurants & CafesWeakeningLWI100.7199.55+21.9%
Home Electronics & AppliancesWeakeningWWL100.4798.92-1.3%
Tires & RubberWeakeningLWI100.0599.50+2.7%
CyclesLaggingIGW98.9398.34-6.6%
Four WheelersLaggingLLL98.6699.17-2.2%
Retail - Department StoresLaggingGGI98.4899.19-4.2%

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.