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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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LEADINGWEAKENINGLAGGINGIMPROVING96.198.1100101.9103.995.897.9100102.1104.2RS-Ratio → relative strength vs Nifty 50 (100 = benchmark)RS-Momentum → rate of changeEmployment Services — Leading (RS-Ratio 102.93, RS-Momentum 101.01)Employment ServicesCommodities Trading — Leading (RS-Ratio 101.36, RS-Momentum 101.32)Commodities TradingIndustrial Machinery — Leading (RS-Ratio 101.08, RS-Momentum 100.47)Industrial MachineryRoads — Leading (RS-Ratio 100.79, RS-Momentum 102.24)RoadsConstruction & Engineering — Leading (RS-Ratio 100.43, RS-Momentum 100.9)Construction & EngineeringAgricultural & Farm Machinery — Leading (RS-Ratio 100.18, RS-Momentum 101.82)Agricultural & Farm MachineryPorts — Improving (RS-Ratio 99.81, RS-Momentum 100.2)PortsBuilding Products - Ceramics — Improving (RS-Ratio 99.66, RS-Momentum 100.42)Building Products - CeramicsStationery — Improving (RS-Ratio 99.03, RS-Momentum 100.87)StationeryEnvironmental Services — Improving (RS-Ratio 98.98, RS-Momentum 101.56)Environmental ServicesBuilding Products - Prefab Structures — Improving (RS-Ratio 98.68, RS-Momentum 101.3)Building Products - Prefab StructuresBuilding Products - Granite — Improving (RS-Ratio 98.51, RS-Momentum 101.22)Building Products - GraniteBuilding Products - Laminates — Improving (RS-Ratio 98.18, RS-Momentum 100.09)Building Products - LaminatesBuilding Products - Pipes — Weakening (RS-Ratio 102.59, RS-Momentum 98.85)Building Products - PipesHeavy Machinery — Weakening (RS-Ratio 101.77, RS-Momentum 98.46)Heavy MachineryRail — Weakening (RS-Ratio 101.75, RS-Momentum 99.12)RailElectrical Components & Equipments — Weakening (RS-Ratio 101.57, RS-Momentum 98.97)Electrical Components & EquipmentsShipbuilding — Weakening (RS-Ratio 101.46, RS-Momentum 98.74)ShipbuildingBusiness Support Services — Weakening (RS-Ratio 101.37, RS-Momentum 99.4)Business Support ServicesCables — Weakening (RS-Ratio 101.29, RS-Momentum 98.98)CablesTrucks & Buses — Weakening (RS-Ratio 101.2, RS-Momentum 98.9)Trucks & BusesBuilding Products - Others — Weakening (RS-Ratio 101.17, RS-Momentum 99.82)Building Products - OthersAerospace & Defense Equipments — Weakening (RS-Ratio 100.96, RS-Momentum 98.47)Aerospace & Defense EquipmentsDredging — Weakening (RS-Ratio 100.95, RS-Momentum 98.38)DredgingConglomerates — Weakening (RS-Ratio 100.89, RS-Momentum 99.23)ConglomeratesHeavy Electrical Equipments — Weakening (RS-Ratio 100.38, RS-Momentum 99.15)Heavy Electrical EquipmentsLogistics — Lagging (RS-Ratio 99.9, RS-Momentum 98.72)LogisticsTractors — Lagging (RS-Ratio 99.81, RS-Momentum 97.64)TractorsAirports — Lagging (RS-Ratio 99.79, RS-Momentum 99.35)AirportsRenewable Energy Equipment & Services — Lagging (RS-Ratio 99.57, RS-Momentum 99.81)Renewable Energy Equipment & ServicesBatteries — Lagging (RS-Ratio 99.47, RS-Momentum 99.08)BatteriesAirlines — Lagging (RS-Ratio 99.16, RS-Momentum 99.37)AirlinesBuilding Products - Glass — Lagging (RS-Ratio 98.92, RS-Momentum 99.34)Building Products - Glass
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. Use the chips above to isolate industries — the axes stay fixed so positions remain comparable.
NSE industries by RRG quadrant, with where each one sat 1, 2 and 3 months earlier, RS-Ratio and RS-Momentum
IndustryNow1M2M3MRS-RatioRS-Mom8w return
Employment ServicesLeadingWLW102.93101.01+14.5%
Commodities TradingLeadingGLW101.36101.32+0.5%
Industrial MachineryLeadingGLL101.08100.47-0.4%
RoadsLeadingIIW100.79102.24+0.5%
Construction & EngineeringLeadingIWL100.43100.90-1.4%
Agricultural & Farm MachineryLeadingGWG100.18101.82-5%
PortsImprovingGLW99.81100.20-4.5%
Building Products - CeramicsImprovingGWL99.66100.42-2.2%
StationeryImprovingWLL99.03100.87-4%
Environmental ServicesImprovingGLG98.98101.56-19.6%
Building Products - Prefab StructuresImprovingWWI98.68101.30-10.4%
Building Products - GraniteImprovingILW98.51101.22-13.3%
Building Products - LaminatesImprovingLWW98.18100.09-6.8%
Building Products - PipesWeakeningIGG102.5998.85+14.1%
Heavy MachineryWeakeningLLW101.7798.46+23.5%
RailWeakeningGGL101.7599.12+7.9%
Electrical Components & EquipmentsWeakeningIWL101.5798.97+11.3%
ShipbuildingWeakeningILI101.4698.74+6.2%
Business Support ServicesWeakeningLLL101.3799.40+5.3%
CablesWeakeningILL101.2998.98+13.9%
Trucks & BusesWeakeningLWI101.2098.90+10.9%
Building Products - OthersWeakeningWIW101.1799.82+17%
Aerospace & Defense EquipmentsWeakeningLLL100.9698.47+7.7%
DredgingWeakeningLLL100.9598.38+6.8%
ConglomeratesWeakeningGIL100.8999.23+10.7%
Heavy Electrical EquipmentsWeakeningGLL100.3899.15+1.2%
LogisticsLaggingWLG99.9098.72+0.8%
TractorsLaggingWLI99.8197.64+0.8%
AirportsLaggingGWL99.7999.35+0.2%
Renewable Energy Equipment & ServicesLaggingGWL99.5799.81-6.7%
BatteriesLaggingLLL99.4799.08+0.1%
AirlinesLaggingLWL99.1699.37-2.8%
Building Products - GlassLaggingIIL98.9299.34-40%

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. 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.