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
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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.

LEADINGWEAKENINGLAGGINGIMPROVING96.498.2100101.8103.697.198.5100101.5102.9RS-Ratio → relative strength vs Nifty 50 (100 = benchmark)RS-Momentum → rate of changeOnline Services: Leading (RS-Ratio 102.04, RS-Momentum 100.04). 32% of its stocks in Stage 2, breadth strongOnline ServicesTheatres: Leading (RS-Ratio 101.56, RS-Momentum 100.05). 100% of its stocks in Stage 2, breadth strongTheatresRadio: Leading (RS-Ratio 101.08, RS-Momentum 101.12). 33% of its stocks in Stage 2, breadth strongRadioTelecom Infrastructure: Improving (RS-Ratio 99.9, RS-Momentum 100.73). 0% of its stocks in Stage 2, breadth weakTelecom InfrastructureTelecom Equipments: Weakening (RS-Ratio 102.48, RS-Momentum 99.67). 44% of its stocks in Stage 2, breadth thinningTelecom EquipmentsMovies & TV Serials: Weakening (RS-Ratio 100.23, RS-Momentum 98.08). 17% of its stocks in Stage 2, breadth thinningMovies & TV SerialsPublishing: Lagging (RS-Ratio 99.24, RS-Momentum 98.8). 25% of its stocks in Stage 2, breadth thinningPublishingTV Channels & Broadcasters: Lagging (RS-Ratio 99.17, RS-Momentum 99.95). 14% of its stocks in Stage 2, breadth weakTV Channels & BroadcastersCable & D2H: Lagging (RS-Ratio 99.07, RS-Momentum 99.73). 0% of its stocks in Stage 2, breadth weakCable & D2HTelecom Services: Lagging (RS-Ratio 98.33, RS-Momentum 98.93). 0% of its stocks in Stage 2, breadth weakTelecom ServicesAdvertising: Lagging (RS-Ratio 97.74, RS-Momentum 99.11). 0% of its stocks in Stage 2, breadth weakAdvertising
Each dot is an industry; 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 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 one Improving industry: behind, but turning up. Show all

Showing the 2 Weakening industries: still ahead, losing momentum. Show all

Showing the 5 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-Mom4w returnStage 2 stocks
Online ServicesLeadingStrong32%WLI102.04100.04+2.6%Screen →
TheatresLeadingStrong100%LIG101.56100.05+7.5%Screen →
RadioLeadingStrong33%LIG101.08101.12-1.6%Screen →
Telecom InfrastructureImprovingWeak0%price aheadIGW99.90100.73+0%Screen →
Telecom EquipmentsWeakeningThinning44%IWL102.4899.67+7.5%Screen →
Movies & TV SerialsWeakeningThinning17%IGL100.2398.08-1.1%Screen →
PublishingLaggingThinning25%WGL99.2498.80-5.7%Screen →
TV Channels & BroadcastersLaggingWeak14%III99.1799.95+1.4%Screen →
Cable & D2HLaggingWeak0%GGI99.0799.73-3.9%Screen →
Telecom ServicesLaggingWeak0%IWL98.3398.93-2.7%Screen →
AdvertisingLaggingWeak0%GIL97.7499.11-5.9%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.