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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.

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

LEADINGWEAKENINGLAGGINGIMPROVING94.697.3100102.7105.595.897.9100102.1104.2RS-Ratio → relative strength vs Nifty 50 (100 = benchmark)RS-Momentum → rate of changePaper Products: Leading (RS-Ratio 100.39, RS-Momentum 100.33). 36% of its stocks in Stage 2, breadth strongPaper ProductsCement: Improving (RS-Ratio 99.38, RS-Momentum 101.49). 6% of its stocks in Stage 2, breadth weakCementMetals - Aluminium: Improving (RS-Ratio 98.13, RS-Momentum 101.67). 10% of its stocks in Stage 2, breadth weakMetals - AluminiumMining - Iron Ore: Improving (RS-Ratio 98.13, RS-Momentum 101.76). 0% of its stocks in Stage 2, breadth weakMining - Iron OreMining - Diversified: Improving (RS-Ratio 97.47, RS-Momentum 100.36). 13% of its stocks in Stage 2, breadth buildingMining - DiversifiedFertilizers & Agro Chemicals: Improving (RS-Ratio 97.24, RS-Momentum 100.04). 19% of its stocks in Stage 2, breadth thinningFertilizers & Agro ChemicalsMetals - Copper: Weakening (RS-Ratio 101.41, RS-Momentum 99.79). 33% of its stocks in Stage 2, breadth strongMetals - CopperMetals - Coke: Weakening (RS-Ratio 100.06, RS-Momentum 99.27). 100% of its stocks in Stage 2, breadth strongMetals - CokeMining - Coal: Lagging (RS-Ratio 99.88, RS-Momentum 98.74). 0% of its stocks in Stage 2, breadth weakMining - CoalPlastic Products: Lagging (RS-Ratio 99.72, RS-Momentum 97.63). 15% of its stocks in Stage 2, breadth thinningPlastic ProductsIron & Steel: Lagging (RS-Ratio 98.91, RS-Momentum 98.88). 36% of its stocks in Stage 2, breadth strongIron & SteelPackaging: Lagging (RS-Ratio 98.71, RS-Momentum 97.1). 61% of its stocks in Stage 2, breadth thinningPackagingSpecialty Chemicals: Lagging (RS-Ratio 98.66, RS-Momentum 97.4). 41% of its stocks in Stage 2, breadth thinningSpecialty ChemicalsCommodity Chemicals: Lagging (RS-Ratio 98.33, RS-Momentum 98.05). 46% of its stocks in Stage 2, breadth thinningCommodity ChemicalsPaints: Lagging (RS-Ratio 98.29, RS-Momentum 98.67). 0% of its stocks in Stage 2, breadth weakPaintsMetals - Lead: Lagging (RS-Ratio 98.09, RS-Momentum 99.5). 0% of its stocks in Stage 2, breadth weakMetals - LeadWood Products: Lagging (RS-Ratio 97.2, RS-Momentum 98.34). 14% of its stocks in Stage 2, breadth weakWood ProductsMining - Manganese: Lagging (RS-Ratio 97.12, RS-Momentum 98.04). 0% of its stocks in Stage 2, breadth weakMining - ManganeseDiversified Chemicals: Lagging (RS-Ratio 97.04, RS-Momentum 99.47). 25% of its stocks in Stage 2, breadth thinningDiversified ChemicalsMining - Copper: Lagging (RS-Ratio 97.02, RS-Momentum 97.92). 0% of its stocks in Stage 2, breadth weakMining - CopperMetals - Diversified: Lagging (RS-Ratio 96.93, RS-Momentum 98.41). 38% of its stocks in Stage 2, breadth strongMetals - Diversified
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. 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 one Leading industry: ahead of the Nifty and still gaining. Show all

Showing the 5 Improving industries: behind, but turning up. Show all

Showing the 2 Weakening industries: still ahead, losing momentum. Show all

Showing the 13 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-Mom8w returnStage 2 stocks
Paper ProductsLeadingStrong36%WGL100.39100.33+7.1%Screen →
CementImprovingWeak6%price aheadGIL99.38101.49-7.9%Screen →
Metals - AluminiumImprovingWeak10%price aheadGWI98.13101.67-15%Screen →
Mining - Iron OreImprovingWeak0%price aheadGGI98.13101.76-21.9%Screen →
Mining - DiversifiedImprovingBuilding13%LLI97.47100.36-13.9%Screen →
Fertilizers & Agro ChemicalsImprovingThinning19%price aheadWLI97.24100.04-10.5%Screen →
Metals - CopperWeakeningStrong33%breadth aheadLWI101.4199.79+57.4%Screen →
Metals - CokeWeakeningStrong100%breadth aheadWGI100.0699.27+4.8%Screen →
Mining - CoalLaggingWeak0%GII99.8898.74-1.9%Screen →
Plastic ProductsLaggingThinning15%LLL99.7297.63-4.4%Screen →
Iron & SteelLaggingStrong36%breadth aheadWLG98.9198.88-5.9%Screen →
PackagingLaggingThinning61%LLL98.7197.10-6.3%Screen →
Specialty ChemicalsLaggingThinning41%WWL98.6697.40-6.3%Screen →
Commodity ChemicalsLaggingThinning46%WLL98.3398.05-7%Screen →
PaintsLaggingWeak0%IWI98.2998.67-11.8%Screen →
Metals - LeadLaggingWeak0%ILW98.0999.50-24.4%Screen →
Wood ProductsLaggingWeak14%GIW97.2098.34-11.1%Screen →
Mining - ManganeseLaggingWeak0%GGI97.1298.04-10.9%Screen →
Diversified ChemicalsLaggingThinning25%LWL97.0499.47-10.6%Screen →
Mining - CopperLaggingWeak0%IWI97.0297.92-21.5%Screen →
Metals - DiversifiedLaggingStrong38%breadth aheadGGI96.9398.41-13.4%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 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.