Skip to main content
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 →

ShowAllNone

Nothing selected — the graph is empty. Tick an industry above, or show all industries.

LEADINGWEAKENINGLAGGINGIMPROVING95.997.9100102.1104.195.497.7100102.3104.6RS-Ratio → relative strength vs Nifty 50 (100 = benchmark)RS-Momentum → rate of changeIron & Steel — Leading (RS-Ratio 102.48, RS-Momentum 101.42)Iron & SteelMining - Iron Ore — Leading (RS-Ratio 102.1, RS-Momentum 101.81)Mining - Iron OreMining - Diversified — Leading (RS-Ratio 101.96, RS-Momentum 100.17)Mining - DiversifiedMetals - Diversified — Leading (RS-Ratio 101.41, RS-Momentum 102.66)Metals - DiversifiedPlastic Products — Leading (RS-Ratio 101.34, RS-Momentum 100.38)Plastic ProductsPaper Products — Leading (RS-Ratio 100.93, RS-Momentum 100.64)Paper ProductsMetals - Coke — Improving (RS-Ratio 99.25, RS-Momentum 101.36)Metals - CokeFertilizers & Agro Chemicals — Improving (RS-Ratio 99.09, RS-Momentum 100.26)Fertilizers & Agro ChemicalsCement — Improving (RS-Ratio 98.91, RS-Momentum 101.87)CementWood Products — Improving (RS-Ratio 98.89, RS-Momentum 101.58)Wood ProductsSpecialty Chemicals — Weakening (RS-Ratio 101.84, RS-Momentum 99.43)Specialty ChemicalsPackaging — Weakening (RS-Ratio 101.57, RS-Momentum 99.21)PackagingCommodity Chemicals — Weakening (RS-Ratio 101.54, RS-Momentum 99.38)Commodity ChemicalsMetals - Aluminium — Weakening (RS-Ratio 101.36, RS-Momentum 99.28)Metals - AluminiumMetals - Copper — Weakening (RS-Ratio 101, RS-Momentum 98.73)Metals - CopperMetals - Lead — Weakening (RS-Ratio 100.78, RS-Momentum 99.9)Metals - LeadMining - Copper — Weakening (RS-Ratio 100.66, RS-Momentum 98.86)Mining - CopperMining - Coal — Lagging (RS-Ratio 99, RS-Momentum 99.98)Mining - CoalMining - Manganese — Lagging (RS-Ratio 98.54, RS-Momentum 99.95)Mining - ManganeseDiversified Chemicals — Lagging (RS-Ratio 98.52, RS-Momentum 98.8)Diversified ChemicalsPaints — Lagging (RS-Ratio 97.9, RS-Momentum 98.73)Paints
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
Iron & SteelLeadingIIL102.48101.42+6%
Mining - Iron OreLeadingIIL102.10101.81+2.2%
Mining - DiversifiedLeadingIIW101.96100.17+12%
Metals - DiversifiedLeadingIGI101.41102.66-0.1%
Plastic ProductsLeadingWGI101.34100.38+8.1%
Paper ProductsLeadingWIL100.93100.64+8.5%
Metals - CokeImprovingIGW99.25101.36-10.1%
Fertilizers & Agro ChemicalsImprovingIGL99.09100.26-1.6%
CementImprovingWIL98.91101.87-1.9%
Wood ProductsImprovingWIL98.89101.58-5.7%
Specialty ChemicalsWeakeningWLL101.8499.43+11.1%
PackagingWeakeningWWL101.5799.21+16%
Commodity ChemicalsWeakeningGLW101.5499.38+6.6%
Metals - AluminiumWeakeningGIL101.3699.28+9.8%
Metals - CopperWeakeningIIG101.0098.73+2.3%
Metals - LeadWeakeningGGW100.7899.90-1.6%
Mining - CopperWeakeningGIW100.6698.86+7%
Mining - CoalLaggingIIW99.0099.98-8.6%
Mining - ManganeseLaggingLGI98.5499.95-5.7%
Diversified ChemicalsLaggingWWW98.5298.80-2.1%
PaintsLaggingLWW97.9098.73-1.8%

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.