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
Trail4w6w8w12w

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

LEADINGWEAKENINGLAGGINGIMPROVING95.497.7100102.3104.696.598.2100101.8103.5RS-Ratio → relative strength vs Nifty 50 (100 = benchmark)RS-Momentum → rate of changePower Trading & Consultancy: Improving (RS-Ratio 98.99, RS-Momentum 100.46). 0% of its stocks in Stage 2, breadth weakPower Trading & ConsultancyGas Distribution: Improving (RS-Ratio 98.4, RS-Momentum 100.79). 33% of its stocks in Stage 2, breadth thinningGas DistributionWater Management: Weakening (RS-Ratio 100.45, RS-Momentum 99.49). 50% of its stocks in Stage 2, breadth thinningWater ManagementPower Transmission & Distribution: Lagging (RS-Ratio 98.46, RS-Momentum 99.14). 17% of its stocks in Stage 2, breadth weakPower Transmission & DistributionPower Generation: Lagging (RS-Ratio 98.43, RS-Momentum 99.31). 27% of its stocks in Stage 2, breadth thinningPower GenerationPower Infrastructure: Lagging (RS-Ratio 97.59, RS-Momentum 98.59). 33% of its stocks in Stage 2, breadth thinningPower InfrastructureRenewable Energy: Lagging (RS-Ratio 97.56, RS-Momentum 98.63). 11% of its stocks in Stage 2, breadth weakRenewable Energy
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.

No industry is Leading on this graph. Show all

Showing the 2 Improving industries: behind, but turning up. Show all

Showing the one Weakening industry: still ahead, losing momentum. Show all

Showing the 4 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
Power Trading & ConsultancyImprovingWeak0%price aheadGIW98.99100.46-4.3%Screen →
Gas DistributionImprovingThinning33%price aheadGLL98.40100.79-4.6%Screen →
Water ManagementWeakeningThinning50%LIW100.4599.49+27.1%Screen →
Power Transmission & DistributionLaggingWeak17%ILW98.4699.14-1.6%Screen →
Power GenerationLaggingThinning27%ILW98.4399.31-7.2%Screen →
Power InfrastructureLaggingThinning33%WLW97.5998.59-4.3%Screen →
Renewable EnergyLaggingWeak11%ILW97.5698.63-3.5%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.