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
As ofNow1W ago2W ago1M ago2M ago3M ago
Trail4w6w8w12w

Showing the graph as it stood on 2026-08-27 — the positions traders were actually looking at then, not hindsight. Back to today →

ShowAllNone

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

LEADINGWEAKENINGLAGGINGIMPROVING96.698.3100101.7103.596.998.4100101.6103.1RS-Ratio → relative strength vs Nifty 50 (100 = benchmark)RS-Momentum → rate of changeDiversified Financials: Leading (RS-Ratio 101.69, RS-Momentum 100.97). 30% of its stocks in Stage 2, breadth weakDiversified FinancialsPrivate Banks: Leading (RS-Ratio 101.54, RS-Momentum 101.61). 67% of its stocks in Stage 2, breadth thinningPrivate BanksSpecialized Finance: Leading (RS-Ratio 101.25, RS-Momentum 100.45). 44% of its stocks in Stage 2, breadth strongSpecialized FinanceConsumer Finance: Leading (RS-Ratio 100.25, RS-Momentum 100.19). 49% of its stocks in Stage 2, breadth strongConsumer FinanceInsurance: Improving (RS-Ratio 99.83, RS-Momentum 101.02). 40% of its stocks in Stage 2, breadth strongInsuranceHome Financing: Improving (RS-Ratio 99.63, RS-Momentum 100.84). 18% of its stocks in Stage 2, breadth weakHome FinancingInvestment Banking & Brokerage: Improving (RS-Ratio 99.13, RS-Momentum 101.23). 20% of its stocks in Stage 2, breadth weakInvestment Banking & BrokerageStock Exchanges & Ratings: Weakening (RS-Ratio 102.27, RS-Momentum 98.5). 57% of its stocks in Stage 2, breadth strongStock Exchanges & RatingsPublic Banks: Weakening (RS-Ratio 100.81, RS-Momentum 99.76). 17% of its stocks in Stage 2, breadth buildingPublic BanksAsset Management: Weakening (RS-Ratio 100.51, RS-Momentum 98.21). 38% of its stocks in Stage 2, breadth buildingAsset ManagementPayment Infrastructure: Lagging (RS-Ratio 99.52, RS-Momentum 99.8). 40% of its stocks in Stage 2, breadth strongPayment Infrastructure
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 4 Leading industries: ahead of the Nifty and still gaining. Show all

Showing the 3 Improving industries: behind, but turning up. Show all

Showing the 3 Weakening industries: still ahead, losing momentum. Show all

Showing the one Lagging industry: 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
Diversified FinancialsLeadingWeak30%price aheadGWL101.69100.97+1.9%Screen →
Private BanksLeadingThinning67%price aheadWWL101.54101.61+4.7%Screen →
Specialized FinanceLeadingStrong44%WLL101.25100.45+6%Screen →
Consumer FinanceLeadingStrong49%WLL100.25100.19-1.1%Screen →
InsuranceImprovingStrong40%GLW99.83101.02-2.1%Screen →
Home FinancingImprovingWeak18%price aheadGLL99.63100.84-4.2%Screen →
Investment Banking & BrokerageImprovingWeak20%price aheadWWL99.13101.23-3.4%Screen →
Stock Exchanges & RatingsWeakeningStrong57%breadth aheadGGW102.2798.50+14.9%Screen →
Public BanksWeakeningBuilding17%breadth aheadGWI100.8199.76+2.9%Screen →
Asset ManagementWeakeningBuilding38%breadth aheadGWL100.5198.21+0%Screen →
Payment InfrastructureLaggingStrong40%breadth aheadWLI99.5299.80+0.9%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.