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

LEADINGWEAKENINGLAGGINGIMPROVING96.298.1100101.9103.996.498.2100101.8103.6RS-Ratio → relative strength vs Nifty 50 (100 = benchmark)RS-Momentum → rate of changeTheatres: Leading (RS-Ratio 103.08, RS-Momentum 100.79). 0% of its stocks in Stage 2, breadth weakTheatresRadio: Leading (RS-Ratio 101.88, RS-Momentum 102.02). 0% of its stocks in Stage 2, breadth weakRadioMovies & TV Serials: Improving (RS-Ratio 99.85, RS-Momentum 101.44). 29% of its stocks in Stage 2, breadth strongMovies & TV SerialsTelecom Infrastructure: Improving (RS-Ratio 98.69, RS-Momentum 100.74). 33% of its stocks in Stage 2, breadth thinningTelecom InfrastructureTelecom Services: Improving (RS-Ratio 98.4, RS-Momentum 100.94). 25% of its stocks in Stage 2, breadth thinningTelecom ServicesTelecom Equipments: Improving (RS-Ratio 98.37, RS-Momentum 100.12). 56% of its stocks in Stage 2, breadth thinningTelecom EquipmentsTV Channels & Broadcasters: Improving (RS-Ratio 98.27, RS-Momentum 100.69). 14% of its stocks in Stage 2, breadth thinningTV Channels & BroadcastersPublishing: Weakening (RS-Ratio 101.34, RS-Momentum 99.93). 25% of its stocks in Stage 2, breadth strongPublishingOnline Services: Weakening (RS-Ratio 101.07, RS-Momentum 98.86). 5% of its stocks in Stage 2, breadth weakOnline ServicesAdvertising: Lagging (RS-Ratio 98.98, RS-Momentum 99.62). 11% of its stocks in Stage 2, breadth weakAdvertisingCable & D2H: Lagging (RS-Ratio 98.17, RS-Momentum 99.08). 0% of its stocks in Stage 2, breadth weakCable & D2H
Each dot is an industry; the trail behind it is the last 12 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 2 Leading industries: ahead of the Nifty and still gaining. Show all

Showing the 5 Improving industries: behind, but turning up. Show all

Showing the 2 Weakening industries: still ahead, losing momentum. Show all

Showing the 2 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-Mom12w returnStage 2 stocks
TheatresLeadingWeak0%price aheadIGL103.08100.79+11.1%Screen →
RadioLeadingWeak0%price aheadIGW101.88102.02-0.9%Screen →
Movies & TV SerialsImprovingStrong29%GLW99.85101.44+0.8%Screen →
Telecom InfrastructureImprovingThinning33%price aheadGWW98.69100.74-9.1%Screen →
Telecom ServicesImprovingThinning25%price aheadWLW98.40100.94+2.5%Screen →
Telecom EquipmentsImprovingThinning56%price aheadWLW98.37100.12+3%Screen →
TV Channels & BroadcastersImprovingThinning14%price aheadIIL98.27100.69-9.6%Screen →
PublishingWeakeningStrong25%breadth aheadGLW101.3499.93+3.9%Screen →
Online ServicesWeakeningWeak5%LIW101.0798.86+6.8%Screen →
AdvertisingLaggingWeak11%ILW98.9899.62-6.8%Screen →
Cable & D2HLaggingWeak0%GIW98.1799.08-7.5%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.