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 2026-10-14 — the positions traders were actually looking at then, not hindsight. Back to today →

ShowAll NoneOil & Gas - Storage & TransportationOil & Gas - Equipment & ServicesOil & Gas - Exploration & ProductionOil & Gas - Refining & Marketing

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 one Improving industry: behind, but turning up. Show all

No industry is Weakening on this graph. Show all

No industry is Lagging on this graph. 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
Oil & Gas - Storage & Transportation	Leadingahead of the Nifty and still gaining	Building43%	L	G	W	101.52	100.06	+7.8%	Screen →
Oil & Gas - Equipment & Services	Leadingahead of the Nifty and still gaining	Thinning75%price ahead	L	L	I	100.96	100.91	+6.7%	Screen →
Oil & Gas - Exploration & Production	Leadingahead of the Nifty and still gaining	Thinning67%price ahead	W	L	I	100.12	100.17	-4.3%	Screen →
Oil & Gas - Refining & Marketing	Improvingbehind, but turning up	Weak38%price ahead	L	L	L	98.38	102.34	-9.3%	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.