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

LEADINGWEAKENINGLAGGINGIMPROVING93.596.8100103.2106.595.597.7100102.3104.5RS-Ratio → relative strength vs Nifty 50 (100 = benchmark)RS-Momentum → rate of changePackaging — Leading (RS-Ratio 101.71, RS-Momentum 100.6)PackagingFertilizers & Agro Chemicals — Leading (RS-Ratio 101.52, RS-Momentum 100.9)Fertilizers & Agro ChemicalsSpecialty Chemicals — Leading (RS-Ratio 101.41, RS-Momentum 101.74)Specialty ChemicalsDiversified Chemicals — Leading (RS-Ratio 100.87, RS-Momentum 101.3)Diversified ChemicalsCement — Leading (RS-Ratio 100.25, RS-Momentum 100.2)CementMetals - Lead — Leading (RS-Ratio 100.12, RS-Momentum 101.23)Metals - LeadMetals - Coke — Leading (RS-Ratio 100.03, RS-Momentum 100.07)Metals - CokeWood Products — Improving (RS-Ratio 99.72, RS-Momentum 100.39)Wood ProductsMetals - Copper — Improving (RS-Ratio 98.97, RS-Momentum 101.27)Metals - CopperMining - Manganese — Improving (RS-Ratio 98.73, RS-Momentum 100.71)Mining - ManganesePaints — Weakening (RS-Ratio 101.11, RS-Momentum 99.72)PaintsCommodity Chemicals — Weakening (RS-Ratio 100.58, RS-Momentum 98.17)Commodity ChemicalsMining - Coal — Weakening (RS-Ratio 100.03, RS-Momentum 98.09)Mining - CoalPlastic Products — Lagging (RS-Ratio 99.84, RS-Momentum 99.91)Plastic ProductsIron & Steel — Lagging (RS-Ratio 99.69, RS-Momentum 97.69)Iron & SteelMining - Iron Ore — Lagging (RS-Ratio 99.36, RS-Momentum 97.46)Mining - Iron OreMetals - Diversified — Lagging (RS-Ratio 99.15, RS-Momentum 98.92)Metals - DiversifiedMetals - Aluminium — Lagging (RS-Ratio 98.54, RS-Momentum 97.67)Metals - AluminiumMining - Copper — Lagging (RS-Ratio 98.41, RS-Momentum 99.5)Mining - CopperMining - Diversified — Lagging (RS-Ratio 98.36, RS-Momentum 98.66)Mining - DiversifiedPaper Products — Lagging (RS-Ratio 98.3, RS-Momentum 98.5)Paper Products
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
PackagingLeadingWLL101.71100.60+7.3%
Fertilizers & Agro ChemicalsLeadingWLI101.52100.90-0.6%
Specialty ChemicalsLeadingWLG101.41101.74+9.9%
Diversified ChemicalsLeadingWWI100.87101.30+5.7%
CementLeadingWLG100.25100.20-1%
Metals - LeadLeadingWLI100.12101.23+4.6%
Metals - CokeLeadingWLG100.03100.07+6.2%
Wood ProductsImprovingWLI99.72100.39-1.1%
Metals - CopperImprovingWII98.97101.27-2.3%
Mining - ManganeseImprovingWWI98.73100.71-8.1%
PaintsWeakeningLLG101.1199.72+9.2%
Commodity ChemicalsWeakeningWLI100.5898.17+9.3%
Mining - CoalWeakeningLGL100.0398.09+5%
Plastic ProductsLaggingGLI99.8499.91-3%
Iron & SteelLaggingWLL99.6997.69+1.2%
Mining - Iron OreLaggingLLL99.3697.46+1.3%
Metals - DiversifiedLaggingGLL99.1598.92-28.7%
Metals - AluminiumLaggingLLI98.5497.67-5.1%
Mining - CopperLaggingLLI98.4199.50-6.1%
Mining - DiversifiedLaggingWLL98.3698.66-4.6%
Paper ProductsLaggingWLG98.3098.50-5.3%

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.