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.

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As ofNow1W ago2W ago1M ago2M ago3M ago
Trail4w6w8w12w
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LEADINGWEAKENINGLAGGINGIMPROVING95.597.7100102.3104.59698100102104.1RS-Ratio → relative strength vs Nifty 50 (100 = benchmark)RS-Momentum → rate of changeCommunication Services: Leading (RS-Ratio 102.06, RS-Momentum 100.94). 14% of its stocks in Stage 2, breadth weakComm. ServicesHealth Care: Improving (RS-Ratio 99.89, RS-Momentum 101.87). 33% of its stocks in Stage 2, breadth thinningHealth CareReal Estate: Improving (RS-Ratio 99.33, RS-Momentum 100.26). 14% of its stocks in Stage 2, breadth weakReal EstateConsumer Discretionary: Improving (RS-Ratio 98.92, RS-Momentum 101.14). 25% of its stocks in Stage 2, breadth thinningCons. DiscretionaryMaterials: Improving (RS-Ratio 98.02, RS-Momentum 100.06). 29% of its stocks in Stage 2, breadth thinningMaterialsInformation Technology: Weakening (RS-Ratio 101.45, RS-Momentum 97.88). 22% of its stocks in Stage 2, breadth weakInfo TechUtilities: Lagging (RS-Ratio 99.24, RS-Momentum 99.69). 6% of its stocks in Stage 2, breadth weakUtilitiesIndustrials: Lagging (RS-Ratio 98.6, RS-Momentum 99.64). 23% of its stocks in Stage 2, breadth thinningIndustrialsConsumer Staples: Lagging (RS-Ratio 98.59, RS-Momentum 98.71). 24% of its stocks in Stage 2, breadth thinningCons. StaplesFinancials: Lagging (RS-Ratio 98.14, RS-Momentum 99.28). 17% of its stocks in Stage 2, breadth weakFinancialsEnergy: Lagging (RS-Ratio 97.46, RS-Momentum 99.31). 48% of its stocks in Stage 2, breadth thinningEnergy
Each dot is a sector; the trail behind it is the last 6 weeks, one point per week. Rotation normally runs clockwise: Improving → Leading → Weakening → Lagging. A bigger dot means more of the sector's stocks are in Stage 2. Use the chips above to isolate sectors; the axes stay fixed so positions remain comparable.

Showing the one Leading sector: ahead of the Nifty and still gaining. Show all

Showing the 4 Improving sectors: behind, but turning up. Show all

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

Showing the 5 Lagging sectors: behind and still slipping. Show all

NSE sectors by RRG quadrant, with where each one sat 1, 2 and 3 months earlier, RS-Ratio and RS-Momentum
SectorNowBreadth1M2M3MRS-RatioRS-Mom6w returnStage 2 stocks
Communication ServicesLeadingWeak14%price aheadWWI102.06100.94+0.8%Screen →
Health CareImprovingThinning33%price aheadWLW99.89101.87-3.9%Screen →
Real EstateImprovingWeak14%price aheadLLG99.33100.26-4.2%Screen →
Consumer DiscretionaryImprovingThinning25%price aheadLLG98.92101.14-4.8%Screen →
MaterialsImprovingThinning29%price aheadLWW98.02100.06-6.7%Screen →
Information TechnologyWeakeningWeak22%IGG101.4597.88+7.9%Screen →
UtilitiesLaggingWeak6%WIG99.2499.69-4.9%Screen →
IndustrialsLaggingThinning23%WLG98.6099.64-6.3%Screen →
Consumer StaplesLaggingThinning24%LWG98.5998.71-4.5%Screen →
FinancialsLaggingWeak17%WLG98.1499.28-4.2%Screen →
EnergyLaggingThinning48%WWW97.4699.31-5.3%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 sector is in Stage 2 (the percentage, and the size of its dot on the graph) compared with the other sectors 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.

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.