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

LEADINGWEAKENINGLAGGINGIMPROVING96.19810010210496.898.4100101.6103.2RS-Ratio → relative strength vs Nifty 50 (100 = benchmark)RS-Momentum → rate of changeTelecom Services: Leading (RS-Ratio 102.35, RS-Momentum 100.39). 0% of its stocks in Stage 2, breadth weakTelecom ServicesOnline Services: Improving (RS-Ratio 98.88, RS-Momentum 101.41). 26% of its stocks in Stage 2, breadth thinningOnline ServicesAdvertising: Improving (RS-Ratio 98.39, RS-Momentum 100.74). 10% of its stocks in Stage 2, breadth strongAdvertisingRadio: Improving (RS-Ratio 97.49, RS-Momentum 100.37). 0% of its stocks in Stage 2, breadth weakRadioTheatres: Weakening (RS-Ratio 101.84, RS-Momentum 99.81). 100% of its stocks in Stage 2, breadth thinningTheatresMovies & TV Serials: Weakening (RS-Ratio 101.76, RS-Momentum 98.94). 5% of its stocks in Stage 2, breadth thinningMovies & TV SerialsTV Channels & Broadcasters: Weakening (RS-Ratio 100.8, RS-Momentum 99.4). 0% of its stocks in Stage 2, breadth weakTV Channels & BroadcastersTelecom Infrastructure: Weakening (RS-Ratio 100.72, RS-Momentum 99.94). 0% of its stocks in Stage 2, breadth weakTelecom InfrastructureTelecom Equipments: Lagging (RS-Ratio 99.77, RS-Momentum 99.36). 50% of its stocks in Stage 2, breadth strongTelecom EquipmentsCable & D2H: Lagging (RS-Ratio 98.48, RS-Momentum 98.62). 0% of its stocks in Stage 2, breadth weakCable & D2HPublishing: Lagging (RS-Ratio 98.22, RS-Momentum 99.73). 8% of its stocks in Stage 2, breadth thinningPublishing
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 one Leading industry: ahead of the Nifty and still gaining. Show all

Showing the 3 Improving industries: behind, but turning up. Show all

Showing the 4 Weakening industries: still ahead, losing momentum. Show all

Showing the 3 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
Telecom ServicesLeadingWeak0%price aheadGGI102.35100.39+3.2%Screen →
Online ServicesImprovingThinning26%price aheadWLW98.88101.41-5.9%Screen →
AdvertisingImprovingStrong10%IGG98.39100.74-14.5%Screen →
RadioImprovingWeak0%price aheadGLL97.49100.37-17.3%Screen →
TheatresWeakeningThinning100%WLL101.8499.81+28.9%Screen →
Movies & TV SerialsWeakeningThinning5%LWI101.7698.94+11.3%Screen →
TV Channels & BroadcastersWeakeningWeak0%LGI100.8099.40+18.3%Screen →
Telecom InfrastructureWeakeningWeak0%GII100.7299.94+1.7%Screen →
Telecom EquipmentsLaggingStrong50%breadth aheadWWI99.7799.36-1.7%Screen →
Cable & D2HLaggingWeak0%GGG98.4898.62-10.3%Screen →
PublishingLaggingThinning8%IGW98.2299.73-10.2%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.