Skip to main content
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 2026-07-15 — 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.

LEADINGWEAKENINGLAGGINGIMPROVING94.797.4100102.6105.39597.5100102.5105RS-Ratio → relative strength vs Nifty 50 (100 = benchmark)RS-Momentum → rate of changeBuilding Products - Others — Leading (RS-Ratio 101.92, RS-Momentum 101.16)Building Products - OthersBatteries — Leading (RS-Ratio 100.78, RS-Momentum 100.38)BatteriesRail — Leading (RS-Ratio 100.05, RS-Momentum 100.85)RailHeavy Electrical Equipments — Leading (RS-Ratio 100.02, RS-Momentum 100.25)Heavy Electrical EquipmentsElectrical Components & Equipments — Improving (RS-Ratio 99.91, RS-Momentum 100.21)Electrical Components & EquipmentsConglomerates — Improving (RS-Ratio 99.24, RS-Momentum 101.93)ConglomeratesBuilding Products - Pipes — Improving (RS-Ratio 98.8, RS-Momentum 101.2)Building Products - PipesRoads — Improving (RS-Ratio 98.02, RS-Momentum 100.26)RoadsStationery — Weakening (RS-Ratio 102.05, RS-Momentum 99.35)StationeryEnvironmental Services — Weakening (RS-Ratio 101.62, RS-Momentum 98.95)Environmental ServicesHeavy Machinery — Weakening (RS-Ratio 101.59, RS-Momentum 99.63)Heavy MachineryLogistics — Weakening (RS-Ratio 101.54, RS-Momentum 98.81)LogisticsEmployment Services — Weakening (RS-Ratio 101.44, RS-Momentum 98.98)Employment ServicesBusiness Support Services — Weakening (RS-Ratio 101.41, RS-Momentum 99.32)Business Support ServicesBuilding Products - Prefab Structures — Weakening (RS-Ratio 101.25, RS-Momentum 99.04)Building Products - Prefab StructuresCommodities Trading — Weakening (RS-Ratio 101.05, RS-Momentum 99.75)Commodities TradingBuilding Products - Ceramics — Weakening (RS-Ratio 101.02, RS-Momentum 99.28)Building Products - CeramicsPorts — Weakening (RS-Ratio 101.01, RS-Momentum 99.42)PortsTrucks & Buses — Weakening (RS-Ratio 100.83, RS-Momentum 99.29)Trucks & BusesBuilding Products - Laminates — Weakening (RS-Ratio 100.79, RS-Momentum 99.16)Building Products - LaminatesAirlines — Weakening (RS-Ratio 100.74, RS-Momentum 98.9)AirlinesAerospace & Defense Equipments — Weakening (RS-Ratio 100.48, RS-Momentum 98.94)Aerospace & Defense EquipmentsIndustrial Machinery — Weakening (RS-Ratio 100.47, RS-Momentum 99.38)Industrial MachineryAgricultural & Farm Machinery — Weakening (RS-Ratio 100.34, RS-Momentum 99.34)Agricultural & Farm MachineryAirports — Weakening (RS-Ratio 100.16, RS-Momentum 98.89)AirportsTractors — Weakening (RS-Ratio 100.1, RS-Momentum 98.34)TractorsCables — Lagging (RS-Ratio 99.6, RS-Momentum 99.07)CablesBuilding Products - Granite — Lagging (RS-Ratio 99.48, RS-Momentum 98.8)Building Products - GraniteRenewable Energy Equipment & Services — Lagging (RS-Ratio 98.85, RS-Momentum 99.41)Renewable Energy Equipment & ServicesDredging — Lagging (RS-Ratio 98.68, RS-Momentum 99.26)DredgingConstruction & Engineering — Lagging (RS-Ratio 98.61, RS-Momentum 99.01)Construction & EngineeringShipbuilding — Lagging (RS-Ratio 98.29, RS-Momentum 98.22)ShipbuildingBuilding Products - Glass — Lagging (RS-Ratio 95.77, RS-Momentum 97.46)Building Products - Glass
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
Building Products - OthersLeadingGLL101.92101.16+6.9%
BatteriesLeadingWWL100.78100.38+10.3%
RailLeadingLWL100.05100.85-0.9%
Heavy Electrical EquipmentsLeadingWWL100.02100.25+1.7%
Electrical Components & EquipmentsImprovingLWL99.91100.21+3.8%
ConglomeratesImprovingGWL99.24101.93-2.4%
Building Products - PipesImprovingILL98.80101.20-3.2%
RoadsImprovingWLI98.02100.26-7.1%
StationeryWeakeningGGL102.0599.35+5.3%
Environmental ServicesWeakeningIWL101.6298.95+7.9%
Heavy MachineryWeakeningGWL101.5999.63+8.2%
LogisticsWeakeningLWL101.5498.81+5%
Employment ServicesWeakeningLWG101.4498.98+21.5%
Business Support ServicesWeakeningLWL101.4199.32+8.2%
Building Products - Prefab StructuresWeakeningLWL101.2599.04+15.6%
Commodities TradingWeakeningWLL101.0599.75+10.7%
Building Products - CeramicsWeakeningLWL101.0299.28+11.4%
PortsWeakeningLWW101.0199.42+4.1%
Trucks & BusesWeakeningLGI100.8399.29+1.8%
Building Products - LaminatesWeakeningLWI100.7999.16+7.7%
AirlinesWeakeningLIL100.7498.90+14.8%
Aerospace & Defense EquipmentsWeakeningIWL100.4898.94+2.9%
Industrial MachineryWeakeningWLL100.4799.38+9.5%
Agricultural & Farm MachineryWeakeningIWG100.3499.34+1.2%
AirportsWeakeningWGL100.1698.89+11.5%
TractorsWeakeningIGL100.1098.34-1.6%
CablesLaggingLWL99.6099.07+2.7%
Building Products - GraniteLaggingWLL99.4898.80+2.1%
Renewable Energy Equipment & ServicesLaggingWWW98.8599.41+1.5%
DredgingLaggingWGI98.6899.26-3.9%
Construction & EngineeringLaggingLWL98.6199.01-0.3%
ShipbuildingLaggingIWL98.2998.22-2.2%
Building Products - GlassLaggingGWL95.7797.46-23%

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.