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
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Showing the graph as it stood on 2026-08-27 — 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.

LEADINGWEAKENINGLAGGINGIMPROVING95.797.9100102.1104.396.198100102103.9RS-Ratio → relative strength vs Nifty 50 (100 = benchmark)RS-Momentum → rate of changeCommodity Chemicals: Leading (RS-Ratio 102.46, RS-Momentum 100.45). 55% of its stocks in Stage 2, breadth strongCommodity ChemicalsFertilizers & Agro Chemicals: Leading (RS-Ratio 102.36, RS-Momentum 101.24). 21% of its stocks in Stage 2, breadth buildingFertilizers & Agro ChemicalsSpecialty Chemicals: Leading (RS-Ratio 101.99, RS-Momentum 100.33). 47% of its stocks in Stage 2, breadth thinningSpecialty ChemicalsMining - Iron Ore: Leading (RS-Ratio 101.54, RS-Momentum 101.22). 0% of its stocks in Stage 2, breadth weakMining - Iron OreMetals - Diversified: Leading (RS-Ratio 101.51, RS-Momentum 102.33). 19% of its stocks in Stage 2, breadth weakMetals - DiversifiedPaper Products: Improving (RS-Ratio 99.75, RS-Momentum 100.19). 20% of its stocks in Stage 2, breadth buildingPaper ProductsWood Products: Improving (RS-Ratio 99.45, RS-Momentum 101.41). 57% of its stocks in Stage 2, breadth strongWood ProductsCement: Improving (RS-Ratio 99.44, RS-Momentum 101.33). 22% of its stocks in Stage 2, breadth strongCementMining - Coal: Improving (RS-Ratio 99.09, RS-Momentum 100.12). 0% of its stocks in Stage 2, breadth weakMining - CoalMetals - Coke: Improving (RS-Ratio 98.67, RS-Momentum 100.16). 0% of its stocks in Stage 2, breadth weakMetals - CokeIron & Steel: Weakening (RS-Ratio 102.58, RS-Momentum 99.15). 37% of its stocks in Stage 2, breadth thinningIron & SteelMining - Diversified: Weakening (RS-Ratio 101.95, RS-Momentum 98.34). 0% of its stocks in Stage 2, breadth weakMining - DiversifiedPlastic Products: Weakening (RS-Ratio 101.78, RS-Momentum 98.56). 42% of its stocks in Stage 2, breadth strongPlastic ProductsMetals - Aluminium: Weakening (RS-Ratio 101.38, RS-Momentum 98.74). 20% of its stocks in Stage 2, breadth weakMetals - AluminiumPackaging: Weakening (RS-Ratio 101.35, RS-Momentum 98.39). 58% of its stocks in Stage 2, breadth strongPackagingDiversified Chemicals: Weakening (RS-Ratio 101, RS-Momentum 99.72). 38% of its stocks in Stage 2, breadth strongDiversified ChemicalsPaints: Weakening (RS-Ratio 100.91, RS-Momentum 98.74). 60% of its stocks in Stage 2, breadth strongPaintsMetals - Lead: Weakening (RS-Ratio 100.88, RS-Momentum 99.88). 100% of its stocks in Stage 2, breadth thinningMetals - LeadMining - Copper: Weakening (RS-Ratio 100.84, RS-Momentum 98.42). 100% of its stocks in Stage 2, breadth strongMining - CopperMetals - Copper: Lagging (RS-Ratio 99.86, RS-Momentum 98.2). 0% of its stocks in Stage 2, breadth weakMetals - CopperMining - Manganese: Lagging (RS-Ratio 98.9, RS-Momentum 99.63). 0% of its stocks in Stage 2, breadth weakMining - Manganese
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 5 Leading industries: ahead of the Nifty and still gaining. Show all

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

Showing the 9 Weakening industries: still ahead, losing momentum. Show all

Showing the 2 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
Commodity ChemicalsLeadingStrong55%WWL102.46100.45+7.1%Screen →
Fertilizers & Agro ChemicalsLeadingBuilding21%LIL102.36101.24+2.9%Screen →
Specialty ChemicalsLeadingThinning47%price aheadWWL101.99100.33+12.8%Screen →
Mining - Iron OreLeadingWeak0%price aheadIIW101.54101.22+1.5%Screen →
Metals - DiversifiedLeadingWeak19%price aheadGGL101.51102.33+2.7%Screen →
Paper ProductsImprovingBuilding20%LII99.75100.19+2.3%Screen →
Wood ProductsImprovingStrong57%GLL99.45101.41-1.3%Screen →
CementImprovingStrong22%GIL99.44101.33-1.4%Screen →
Mining - CoalImprovingWeak0%price aheadIIL99.09100.12-8.1%Screen →
Metals - CokeImprovingWeak0%price aheadIGW98.67100.16-10.5%Screen →
Iron & SteelWeakeningThinning37%GWL102.5899.15+6%Screen →
Mining - DiversifiedWeakeningWeak0%IGW101.9598.34+9.2%Screen →
Plastic ProductsWeakeningStrong42%breadth aheadLWL101.7898.56+5.9%Screen →
Metals - AluminiumWeakeningWeak20%GGL101.3898.74+11.8%Screen →
PackagingWeakeningStrong58%breadth aheadLWL101.3598.39+9.8%Screen →
Diversified ChemicalsWeakeningStrong38%breadth aheadWIW101.0099.72+4.1%Screen →
PaintsWeakeningStrong60%breadth aheadLGW100.9198.74+5.2%Screen →
Metals - LeadWeakeningThinning100%GGW100.8899.88+0.7%Screen →
Mining - CopperWeakeningStrong100%breadth aheadGIG100.8498.42+10.2%Screen →
Metals - CopperLaggingWeak0%IGW99.8698.20-1.6%Screen →
Mining - ManganeseLaggingWeak0%IGG98.9099.63-3.5%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.