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.

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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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LEADINGWEAKENINGLAGGINGIMPROVING95.897.9100102.1104.296.398.2100101.8103.7RS-Ratio → relative strength vs Nifty 50 (100 = benchmark)RS-Momentum → rate of changeHealth Care: Leading (RS-Ratio 102.73, RS-Momentum 100.69). 51% of its stocks in Stage 2, breadth thinningHealth CareIndustrials: Leading (RS-Ratio 102.43, RS-Momentum 101.33). 33% of its stocks in Stage 2, breadth weakIndustrialsConsumer Discretionary: Leading (RS-Ratio 101.85, RS-Momentum 100.39). 38% of its stocks in Stage 2, breadth strongCons. DiscretionaryFinancials: Leading (RS-Ratio 101.23, RS-Momentum 101.18). 37% of its stocks in Stage 2, breadth thinningFinancialsReal Estate: Leading (RS-Ratio 100.83, RS-Momentum 100.68). 26% of its stocks in Stage 2, breadth buildingReal EstateUtilities: Improving (RS-Ratio 98.74, RS-Momentum 100.15). 21% of its stocks in Stage 2, breadth weakUtilitiesMaterials: Weakening (RS-Ratio 102.18, RS-Momentum 99.58). 38% of its stocks in Stage 2, breadth strongMaterialsConsumer Staples: Weakening (RS-Ratio 101.95, RS-Momentum 99.81). 34% of its stocks in Stage 2, breadth strongCons. StaplesEnergy: Weakening (RS-Ratio 101.32, RS-Momentum 98.76). 34% of its stocks in Stage 2, breadth strongEnergyCommunication Services: Weakening (RS-Ratio 100.73, RS-Momentum 99.07). 20% of its stocks in Stage 2, breadth buildingComm. ServicesInformation Technology: Lagging (RS-Ratio 99.98, RS-Momentum 98.74). 28% of its stocks in Stage 2, breadth weakInfo Tech
Each dot is a sector; 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 sector's stocks are in Stage 2. Use the chips above to isolate sectors; the axes stay fixed so positions remain comparable.

Showing the 5 Leading sectors: ahead of the Nifty and still gaining. Show all

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

Showing the 4 Weakening sectors: still ahead, losing momentum. Show all

Showing the one Lagging sector: behind and still slipping. Show all

NSE sectors by RRG quadrant, with where each one sat 1, 2 and 3 months earlier, RS-Ratio and RS-Momentum
SectorNowBreadth1M2M3MRS-RatioRS-Mom4w returnStage 2 stocks
Health CareLeadingThinning51%price aheadWLL102.73100.69+3%Screen →
IndustrialsLeadingWeak33%price aheadGWL102.43101.33+0.9%Screen →
Consumer DiscretionaryLeadingStrong38%GLL101.85100.39-0.8%Screen →
FinancialsLeadingThinning37%price aheadGWL101.23101.18-0.7%Screen →
Real EstateLeadingBuilding26%GIL100.83100.68+0.1%Screen →
UtilitiesImprovingWeak21%price aheadGIL98.74100.15-4.5%Screen →
MaterialsWeakeningStrong38%breadth aheadWWL102.1899.58+1.1%Screen →
Consumer StaplesWeakeningStrong34%breadth aheadGIL101.9599.81+4.1%Screen →
EnergyWeakeningStrong34%breadth aheadWWW101.3298.76+2.1%Screen →
Communication ServicesWeakeningBuilding20%breadth aheadIWL100.7399.07-0.8%Screen →
Information TechnologyLaggingWeak28%GWL99.9898.74-2.5%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 sector is in Stage 2 (the percentage, and the size of its dot on the graph) compared with the other sectors 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.

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.