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 2026-10-22 — 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.

LEADINGWEAKENINGLAGGINGIMPROVING96.1981001021049798.5100101.5103RS-Ratio → relative strength vs Nifty 50 (100 = benchmark)RS-Momentum → rate of changeRadio: Improving (RS-Ratio 97.42, RS-Momentum 100.85). 0% of its stocks in Stage 2, breadth weakRadioTelecom Services: Weakening (RS-Ratio 102.36, RS-Momentum 99.79). 0% of its stocks in Stage 2, breadth weakTelecom ServicesTheatres: Weakening (RS-Ratio 101.83, RS-Momentum 99.16). 100% of its stocks in Stage 2, breadth thinningTheatresMovies & TV Serials: Weakening (RS-Ratio 101.47, RS-Momentum 98.72). 11% of its stocks in Stage 2, breadth thinningMovies & TV SerialsTelecom Infrastructure: Weakening (RS-Ratio 101.19, RS-Momentum 99.41). 0% of its stocks in Stage 2, breadth weakTelecom InfrastructureTV Channels & Broadcasters: Weakening (RS-Ratio 100.74, RS-Momentum 98.75). 0% of its stocks in Stage 2, breadth weakTV Channels & BroadcastersTelecom Equipments: Lagging (RS-Ratio 99.87, RS-Momentum 98.33). 50% of its stocks in Stage 2, breadth strongTelecom EquipmentsCable & D2H: Lagging (RS-Ratio 97.91, RS-Momentum 99.34). 0% of its stocks in Stage 2, breadth weakCable & D2HAdvertising: Lagging (RS-Ratio 97.61, RS-Momentum 99.79). 10% of its stocks in Stage 2, breadth strongAdvertisingOnline Services: Lagging (RS-Ratio 97.33, RS-Momentum 97.79). 32% of its stocks in Stage 2, breadth thinningOnline ServicesPublishing: Lagging (RS-Ratio 96.85, RS-Momentum 98.31). 25% of its stocks in Stage 2, breadth thinningPublishing
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.

No industry is Leading on this graph. Show all

Showing the one Improving industry: behind, but turning up. Show all

Showing the 5 Weakening industries: still ahead, losing momentum. Show all

Showing the 5 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
RadioImprovingWeak0%price aheadGGG97.42100.85-9%Screen →
Telecom ServicesWeakeningWeak0%GII102.3699.79+5.1%Screen →
TheatresWeakeningThinning100%LWW101.8399.16+19.3%Screen →
Movies & TV SerialsWeakeningThinning11%LLI101.4798.72+6.8%Screen →
Telecom InfrastructureWeakeningWeak0%WGI101.1999.41+3.7%Screen →
TV Channels & BroadcastersWeakeningWeak0%GIG100.7498.75+4.2%Screen →
Telecom EquipmentsLaggingStrong50%breadth aheadWLI99.8798.33+0%Screen →
Cable & D2HLaggingWeak0%GGI97.9199.34-2.4%Screen →
AdvertisingLaggingStrong10%breadth aheadIIG97.6199.79-8.9%Screen →
Online ServicesLaggingThinning32%LLW97.3397.79-5.1%Screen →
PublishingLaggingThinning25%IWL96.8598.31-6.4%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.