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

LEADINGWEAKENINGLAGGINGIMPROVING95.797.9100102.1104.395.998100102104.1RS-Ratio → relative strength vs Nifty 50 (100 = benchmark)RS-Momentum → rate of changeStock Exchanges & Ratings: Leading (RS-Ratio 101.62, RS-Momentum 100.48). 29% of its stocks in Stage 2, breadth thinningStock Exchanges & RatingsPayment Infrastructure: Improving (RS-Ratio 98.36, RS-Momentum 100.53). 17% of its stocks in Stage 2, breadth weakPayment InfrastructureConsumer Finance: Improving (RS-Ratio 98.29, RS-Momentum 100.35). 11% of its stocks in Stage 2, breadth weakConsumer FinanceHome Financing: Improving (RS-Ratio 98.16, RS-Momentum 100.03). 9% of its stocks in Stage 2, breadth weakHome FinancingAsset Management: Improving (RS-Ratio 97.47, RS-Momentum 100.69). 3% of its stocks in Stage 2, breadth weakAsset ManagementPublic Banks: Weakening (RS-Ratio 101.43, RS-Momentum 99.95). 25% of its stocks in Stage 2, breadth strongPublic BanksPrivate Banks: Lagging (RS-Ratio 99.83, RS-Momentum 98.67). 30% of its stocks in Stage 2, breadth thinningPrivate BanksInvestment Banking & Brokerage: Lagging (RS-Ratio 99.4, RS-Momentum 99.26). 19% of its stocks in Stage 2, breadth strongInvestment Banking & BrokerageDiversified Financials: Lagging (RS-Ratio 98.8, RS-Momentum 99.44). 29% of its stocks in Stage 2, breadth thinningDiversified FinancialsSpecialized Finance: Lagging (RS-Ratio 98.11, RS-Momentum 98.44). 21% of its stocks in Stage 2, breadth thinningSpecialized FinanceInsurance: Lagging (RS-Ratio 97.96, RS-Momentum 99.5). 0% of its stocks in Stage 2, breadth weakInsurance
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 one Leading industry: ahead of the Nifty and still gaining. Show all

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

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

Showing the 5 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
Stock Exchanges & RatingsLeadingThinning29%price aheadWWG101.62100.48+8.7%Screen →
Payment InfrastructureImprovingWeak17%price aheadGGW98.36100.53-20.6%Screen →
Consumer FinanceImprovingWeak11%price aheadGLW98.29100.35-16.3%Screen →
Home FinancingImprovingWeak9%price aheadWIG98.16100.03-10.4%Screen →
Asset ManagementImprovingWeak3%price aheadWWG97.47100.69-12.8%Screen →
Public BanksWeakeningStrong25%breadth aheadGWG101.4399.95-4.5%Screen →
Private BanksLaggingThinning30%WLW99.8398.67-1.2%Screen →
Investment Banking & BrokerageLaggingStrong19%breadth aheadWIW99.4099.26-6.4%Screen →
Diversified FinancialsLaggingThinning29%WLG98.8099.44-5.9%Screen →
Specialized FinanceLaggingThinning21%GLW98.1198.44-10.3%Screen →
InsuranceLaggingWeak0%LIG97.9699.50-8.4%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.