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 →
Nothing selected — the graph is empty. Tick an industry above, or show all industries.
| Industry | Now | 1M | 2M | 3M | RS-Ratio | RS-Mom | 8w return |
|---|---|---|---|---|---|---|---|
| Paper Products | Leading | W | I | G | 102.26 | 101.93 | +13.7% |
| Commodity Chemicals | Leading | W | W | L | 102.21 | 100.43 | +6.3% |
| Metals - Coke | Leading | G | G | L | 100.81 | 102.16 | +2.1% |
| Wood Products | Improving | G | L | L | 99.61 | 101.06 | -6% |
| Fertilizers & Agro Chemicals | Improving | G | G | W | 99.60 | 101.61 | -2.5% |
| Cement | Improving | W | I | G | 99.38 | 101.52 | -2.4% |
| Diversified Chemicals | Improving | L | W | L | 99.36 | 100.66 | -1.7% |
| Mining - Manganese | Improving | I | I | I | 98.75 | 101.28 | -6.5% |
| Iron & Steel | Weakening | L | I | W | 102.33 | 99.91 | +6.9% |
| Specialty Chemicals | Weakening | L | W | L | 101.62 | 99.65 | +10.5% |
| Packaging | Weakening | W | W | L | 101.52 | 99.09 | +17.8% |
| Mining - Diversified | Weakening | L | I | G | 101.22 | 98.65 | +12.3% |
| Plastic Products | Weakening | W | G | I | 101.01 | 98.81 | +1.8% |
| Metals - Copper | Weakening | I | I | G | 100.93 | 99.60 | +4% |
| Mining - Iron Ore | Weakening | I | I | L | 100.73 | 99.56 | +1.8% |
| Metals - Aluminium | Weakening | L | I | W | 100.64 | 99.23 | +9% |
| Mining - Copper | Weakening | L | I | G | 100.33 | 98.98 | +7.3% |
| Metals - Diversified | Weakening | I | G | G | 100.24 | 99.89 | +2% |
| Mining - Coal | Lagging | I | G | W | 99.68 | 99.61 | -6.6% |
| Metals - Lead | Lagging | G | L | G | 98.94 | 98.13 | -8.6% |
| Paints | Lagging | L | G | W | 97.80 | 99.90 | -4.6% |
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.