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.

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

ShowAll NonePower Trading & ConsultancyPower InfrastructureWater ManagementPower GenerationRenewable EnergyPower Transmission & DistributionGas Distribution

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

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 3 Leading industries: ahead of the Nifty and still gaining. Show all

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

No industry is Weakening on this graph. 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
Industry	Now	Breadth	1M	2M	3M	RS-Ratio	RS-Mom	8w return	Stage 2 stocks
Power Trading & Consultancy	Leadingahead of the Nifty and still gaining	Strong25%	I	G	I	101.11	101.68	+2.4%	Screen →
Power Infrastructure	Leadingahead of the Nifty and still gaining	Thinning29%price ahead	G	W	L	100.51	101.20	-1.5%	Screen →
Water Management	Leadingahead of the Nifty and still gaining	Strong100%	W	L	I	100.05	102.36	-0.5%	Screen →
Power Generation	Improvingbehind, but turning up	Weak8%price ahead	G	I	L	99.94	100.04	-1.2%	Screen →
Renewable Energy	Improvingbehind, but turning up	Weak10%price ahead	G	I	L	98.55	100.87	-5.8%	Screen →
Power Transmission & Distribution	Improvingbehind, but turning up	Weak0%price ahead	G	I	L	98.06	101.00	-12%	Screen →
Gas Distribution	Laggingbehind and still slipping	Strong38%breadth ahead	I	G	L	98.58	97.99	-2.9%	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.