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.

ViewSectorsIndustries·Communication ServicesConsumer DiscretionaryConsumer StaplesEnergyFinancialsHealth CareIndustrialsInformation TechnologyMaterialsReal EstateUtilities
As ofNow1W ago2W ago1M ago2M ago3M ago
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Showing the graph as it stood on 2026-07-29 — the positions traders were actually looking at then, not hindsight. Back to today →

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LEADINGWEAKENINGLAGGINGIMPROVING96.598.3100101.8103.596.198.1100101.9103.9RS-Ratio → relative strength vs Nifty 50 (100 = benchmark)RS-Momentum → rate of changePackaging: Leading (RS-Ratio 101.55, RS-Momentum 100.74). 38% of its stocks in Stage 2, breadth thinningPackagingPaper Products: Leading (RS-Ratio 100.68, RS-Momentum 100.74). 9% of its stocks in Stage 2, breadth weakPaper ProductsPlastic Products: Leading (RS-Ratio 100.6, RS-Momentum 100.07). 26% of its stocks in Stage 2, breadth strongPlastic ProductsPaints: Leading (RS-Ratio 100.11, RS-Momentum 101.35). 40% of its stocks in Stage 2, breadth strongPaintsFertilizers & Agro Chemicals: Leading (RS-Ratio 100.09, RS-Momentum 101). 18% of its stocks in Stage 2, breadth weakFertilizers & Agro ChemicalsMetals - Coke: Improving (RS-Ratio 99.69, RS-Momentum 101.82). 100% of its stocks in Stage 2, breadth strongMetals - CokeMining - Diversified: Improving (RS-Ratio 99.66, RS-Momentum 100.76). 0% of its stocks in Stage 2, breadth weakMining - DiversifiedMining - Iron Ore: Improving (RS-Ratio 99.57, RS-Momentum 100.72). 0% of its stocks in Stage 2, breadth weakMining - Iron OreMining - Manganese: Improving (RS-Ratio 99.16, RS-Momentum 100.39). 0% of its stocks in Stage 2, breadth weakMining - ManganeseMetals - Copper: Improving (RS-Ratio 98.62, RS-Momentum 100.24). 0% of its stocks in Stage 2, breadth weakMetals - CopperMining - Coal: Improving (RS-Ratio 98.05, RS-Momentum 100.62). 0% of its stocks in Stage 2, breadth weakMining - CoalSpecialty Chemicals: Weakening (RS-Ratio 101.68, RS-Momentum 100). 48% of its stocks in Stage 2, breadth strongSpecialty ChemicalsCommodity Chemicals: Weakening (RS-Ratio 101.22, RS-Momentum 99.2). 47% of its stocks in Stage 2, breadth thinningCommodity ChemicalsDiversified Chemicals: Weakening (RS-Ratio 101.12, RS-Momentum 99.58). 19% of its stocks in Stage 2, breadth weakDiversified ChemicalsWood Products: Lagging (RS-Ratio 99.29, RS-Momentum 97.08). 33% of its stocks in Stage 2, breadth strongWood ProductsMetals - Diversified: Lagging (RS-Ratio 99.16, RS-Momentum 99.15). 29% of its stocks in Stage 2, breadth thinningMetals - DiversifiedMetals - Aluminium: Lagging (RS-Ratio 98.92, RS-Momentum 99.5). 29% of its stocks in Stage 2, breadth thinningMetals - AluminiumMining - Copper: Lagging (RS-Ratio 98.85, RS-Momentum 98.87). 0% of its stocks in Stage 2, breadth weakMining - CopperIron & Steel: Lagging (RS-Ratio 98.53, RS-Momentum 99.09). 43% of its stocks in Stage 2, breadth thinningIron & SteelMetals - Lead: Lagging (RS-Ratio 98.35, RS-Momentum 98.05). 100% of its stocks in Stage 2, breadth thinningMetals - LeadCement: Lagging (RS-Ratio 98.31, RS-Momentum 97.72). 18% of its stocks in Stage 2, breadth weakCement
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 5 Leading industries: ahead of the Nifty and still gaining. Show all

Showing the 6 Improving industries: behind, but turning up. Show all

Showing the 3 Weakening industries: still ahead, losing momentum. Show all

Showing the 7 Lagging industries: behind and still slipping. Show all

NSE industries by RRG quadrant, with where each one sat 1, 2 and 3 months earlier, RS-Ratio and RS-Momentum
IndustryNowBreadth1M2M3MRS-RatioRS-Mom8w returnStage 2 stocks
PackagingLeadingThinning38%price aheadWLW101.55100.74+9.5%Screen →
Paper ProductsLeadingWeak9%price aheadIIW100.68100.74+3.1%Screen →
Plastic ProductsLeadingStrong26%WLW100.60100.07+5.8%Screen →
PaintsLeadingStrong40%GWW100.11101.35+2.1%Screen →
Fertilizers & Agro ChemicalsLeadingWeak18%price aheadILW100.09101.00+1.9%Screen →
Metals - CokeImprovingStrong100%GWL99.69101.82-1.3%Screen →
Mining - DiversifiedImprovingWeak0%price aheadGWW99.66100.76-2.3%Screen →
Mining - Iron OreImprovingWeak0%price aheadIWL99.57100.72-4.7%Screen →
Mining - ManganeseImprovingWeak0%price aheadGGW99.16100.39-6%Screen →
Metals - CopperImprovingWeak0%price aheadGWL98.62100.24-7.5%Screen →
Mining - CoalImprovingWeak0%price aheadILL98.05100.62-13.5%Screen →
Specialty ChemicalsWeakeningStrong48%breadth aheadWLW101.68100.00+11.3%Screen →
Commodity ChemicalsWeakeningThinning47%WLW101.2299.20+5.3%Screen →
Diversified ChemicalsWeakeningWeak19%IWW101.1299.58+4.7%Screen →
Wood ProductsLaggingStrong33%breadth aheadLLW99.2997.08+3.3%Screen →
Metals - DiversifiedLaggingThinning29%GLW99.1699.15+0.2%Screen →
Metals - AluminiumLaggingThinning29%GLW98.9299.50-6.3%Screen →
Mining - CopperLaggingWeak0%IGW98.8598.87-7%Screen →
Iron & SteelLaggingThinning43%WLW98.5399.09+0.8%Screen →
Metals - LeadLaggingThinning100%GWW98.3598.05+1.8%Screen →
CementLaggingWeak18%ILW98.3197.72+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.