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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 2026-08-28 — the positions traders were actually looking at then, not hindsight. Back to today →

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LEADINGWEAKENINGLAGGINGIMPROVING96.898.4100101.6103.296.798.3100101.7103.3RS-Ratio → relative strength vs Nifty 50 (100 = benchmark)RS-Momentum → rate of changeHealth Care — Leading (RS-Ratio 102.44, RS-Momentum 101.69)Health CareMaterials — Leading (RS-Ratio 101.93, RS-Momentum 100.26)MaterialsReal Estate — Leading (RS-Ratio 101.14, RS-Momentum 101.02)Real EstateFinancials — Leading (RS-Ratio 101.02, RS-Momentum 101.34)FinancialsUtilities — Improving (RS-Ratio 98.7, RS-Momentum 100.16)UtilitiesIndustrials — Weakening (RS-Ratio 101.72, RS-Momentum 99.21)IndustrialsConsumer Discretionary — Weakening (RS-Ratio 101.23, RS-Momentum 98.78)Cons. DiscretionaryCommunication Services — Weakening (RS-Ratio 101.22, RS-Momentum 98.01)Comm. ServicesInformation Technology — Weakening (RS-Ratio 101.21, RS-Momentum 99.97)Info TechEnergy — Lagging (RS-Ratio 99.14, RS-Momentum 99.35)EnergyConsumer Staples — Lagging (RS-Ratio 98.21, RS-Momentum 99.52)Cons. Staples
Each dot is a sector; the trail behind it is the last 6 weeks, one point per week. Rotation normally runs clockwise: Improving → Leading → Weakening → Lagging. Use the chips above to isolate sectors — the axes stay fixed so positions remain comparable.
NSE sectors by RRG quadrant, with where each one sat 1, 2 and 3 months earlier, RS-Ratio and RS-Momentum
SectorNow1M2M3MRS-RatioRS-Mom6w return
Health CareLeadingWLW102.44101.69+5.2%
MaterialsLeadingGGL101.93100.26+4.1%
Real EstateLeadingWLL101.14101.02+4.3%
FinancialsLeadingGWG101.02101.34+2.4%
UtilitiesImprovingGIL98.70100.16-3.9%
IndustrialsWeakeningGWL101.7299.21+5.1%
Consumer DiscretionaryWeakeningLLL101.2398.78+6.4%
Communication ServicesWeakeningWLW101.2298.01+5.5%
Information TechnologyWeakeningLGL101.2199.97+7%
EnergyLaggingGIG99.1499.35+0.2%
Consumer StaplesLaggingIIG98.2199.52-1.6%

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.

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.