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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 2026-06-15 — the positions traders were actually looking at then, not hindsight. Back to today →

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LEADINGWEAKENINGLAGGINGIMPROVING95.897.9100102.1104.296.398.1100101.9103.7RS-Ratio → relative strength vs Nifty 50 (100 = benchmark)RS-Momentum → rate of changeAirlines — Leading (RS-Ratio 102.8, RS-Momentum 101.4)AirlinesConstruction & Engineering — Leading (RS-Ratio 102.69, RS-Momentum 101.47)Construction & EngineeringBuilding Products - Laminates — Leading (RS-Ratio 102.53, RS-Momentum 101.3)Building Products - LaminatesBuilding Products - Ceramics — Leading (RS-Ratio 101.62, RS-Momentum 100.48)Building Products - CeramicsEmployment Services — Leading (RS-Ratio 101.6, RS-Momentum 100.53)Employment ServicesTrucks & Buses — Leading (RS-Ratio 101.49, RS-Momentum 101.82)Trucks & BusesBuilding Products - Prefab Structures — Leading (RS-Ratio 101.43, RS-Momentum 102.52)Building Products - Prefab StructuresElectrical Components & Equipments — Leading (RS-Ratio 101.31, RS-Momentum 100.62)Electrical Components & EquipmentsCables — Leading (RS-Ratio 100.99, RS-Momentum 100.92)CablesBusiness Support Services — Leading (RS-Ratio 100.95, RS-Momentum 100.19)Business Support ServicesPorts — Leading (RS-Ratio 100.73, RS-Momentum 100)PortsLogistics — Leading (RS-Ratio 100.6, RS-Momentum 102.92)LogisticsRail — Leading (RS-Ratio 100.42, RS-Momentum 100.75)RailAerospace & Defense Equipments — Improving (RS-Ratio 99.92, RS-Momentum 101.1)Aerospace & Defense EquipmentsBuilding Products - Pipes — Improving (RS-Ratio 99.74, RS-Momentum 100.62)Building Products - PipesAgricultural & Farm Machinery — Improving (RS-Ratio 99.49, RS-Momentum 102.98)Agricultural & Farm MachineryShipbuilding — Improving (RS-Ratio 98.77, RS-Momentum 100.21)ShipbuildingTractors — Improving (RS-Ratio 98.77, RS-Momentum 101.28)TractorsEnvironmental Services — Improving (RS-Ratio 98.68, RS-Momentum 102.31)Environmental ServicesIndustrial Machinery — Weakening (RS-Ratio 101.36, RS-Momentum 99.28)Industrial MachineryAirports — Weakening (RS-Ratio 101.28, RS-Momentum 99.78)AirportsCommodities Trading — Weakening (RS-Ratio 100.98, RS-Momentum 98.4)Commodities TradingBatteries — Weakening (RS-Ratio 100.83, RS-Momentum 99.19)BatteriesDredging — Weakening (RS-Ratio 100.61, RS-Momentum 98.99)DredgingRenewable Energy Equipment & Services — Weakening (RS-Ratio 100.59, RS-Momentum 99.59)Renewable Energy Equipment & ServicesHeavy Electrical Equipments — Weakening (RS-Ratio 100.57, RS-Momentum 99.13)Heavy Electrical EquipmentsBuilding Products - Granite — Weakening (RS-Ratio 100.38, RS-Momentum 99.55)Building Products - GraniteRoads — Weakening (RS-Ratio 100.36, RS-Momentum 98.41)RoadsBuilding Products - Others — Lagging (RS-Ratio 99.88, RS-Momentum 99.96)Building Products - OthersHeavy Machinery — Lagging (RS-Ratio 99.09, RS-Momentum 99.55)Heavy MachineryBuilding Products - Glass — Lagging (RS-Ratio 98.85, RS-Momentum 97.95)Building Products - GlassConglomerates — Lagging (RS-Ratio 98.68, RS-Momentum 98.23)ConglomeratesStationery — Lagging (RS-Ratio 98.54, RS-Momentum 97.99)Stationery
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
AirlinesLeadingILI102.80101.40+7.1%
Construction & EngineeringLeadingWLG102.69101.47+4.7%
Building Products - LaminatesLeadingWIG102.53101.30+8.3%
Building Products - CeramicsLeadingWLG101.62100.48+1.1%
Employment ServicesLeadingWGI101.60100.53+17.1%
Trucks & BusesLeadingGIW101.49101.82+0%
Building Products - Prefab StructuresLeadingWLG101.43102.52+2.7%
Electrical Components & EquipmentsLeadingWLW101.31100.62+8.8%
CablesLeadingWLL100.99100.92+15.8%
Business Support ServicesLeadingWLI100.95100.19+1.4%
PortsLeadingWWL100.73100.00+11.9%
LogisticsLeadingWLL100.60102.92+2.1%
RailLeadingWLI100.42100.75+3.9%
Aerospace & Defense EquipmentsImprovingWLL99.92101.10+0.9%
Building Products - PipesImprovingLLW99.74100.62-2.1%
Agricultural & Farm MachineryImprovingWGG99.49102.98-2.1%
ShipbuildingImprovingWLL98.77100.21-7.4%
TractorsImprovingGLG98.77101.28-13.3%
Environmental ServicesImprovingWLI98.68102.31-11.9%
Industrial MachineryWeakeningLLL101.3699.28+11.9%
AirportsWeakeningGLW101.2899.78+2.5%
Commodities TradingWeakeningLLI100.9898.40+27.3%
BatteriesWeakeningWLI100.8399.19+4.1%
DredgingWeakeningGII100.6198.99+15.1%
Renewable Energy Equipment & ServicesWeakeningWWI100.5999.59-0.3%
Heavy Electrical EquipmentsWeakeningWLW100.5799.13+6.9%
Building Products - GraniteWeakeningLLI100.3899.55+3.4%
RoadsWeakeningLIG100.3698.41+3.2%
Building Products - OthersLaggingLLW99.8899.96+3.6%
Heavy MachineryLaggingWLL99.0999.55-2.9%
Building Products - GlassLaggingWLG98.8597.95-5%
ConglomeratesLaggingWLW98.6898.23-6.1%
StationeryLaggingGLG98.5497.99-4.8%

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.