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Sector rotation

Where the money is going.

Leadership trends, sector and industry stage mix, the full heatmap, and the multi-year history — one place to decide which pockets deserve your attention.

Relative Rotation Graph

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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LEADINGWEAKENINGLAGGINGIMPROVING96.198.1100101.9103.995.897.9100102.1104.2RS-Ratio → relative strength vs Nifty 50 (100 = benchmark)RS-Momentum → rate of changeAirports — Leading (RS-Ratio 102.98, RS-Momentum 101.8)AirportsPorts — Leading (RS-Ratio 101.94, RS-Momentum 101.39)PortsConstruction & Engineering — Leading (RS-Ratio 101.81, RS-Momentum 100.77)Construction & EngineeringEnvironmental Services — Leading (RS-Ratio 101.68, RS-Momentum 101.33)Environmental ServicesAgricultural & Farm Machinery — Leading (RS-Ratio 101.67, RS-Momentum 100.1)Agricultural & Farm MachineryHeavy Electrical Equipments — Leading (RS-Ratio 101.59, RS-Momentum 100.64)Heavy Electrical EquipmentsBuilding Products - Ceramics — Leading (RS-Ratio 101.39, RS-Momentum 100.47)Building Products - CeramicsAerospace & Defense Equipments — Leading (RS-Ratio 101.26, RS-Momentum 100.65)Aerospace & Defense EquipmentsRenewable Energy Equipment & Services — Leading (RS-Ratio 100.78, RS-Momentum 100.81)Renewable Energy Equipment & ServicesLogistics — Leading (RS-Ratio 100.62, RS-Momentum 100.88)LogisticsBuilding Products - Granite — Leading (RS-Ratio 100.25, RS-Momentum 102.14)Building Products - GraniteBuilding Products - Prefab Structures — Leading (RS-Ratio 100.09, RS-Momentum 100.85)Building Products - Prefab StructuresAirlines — Improving (RS-Ratio 99.39, RS-Momentum 101.59)AirlinesBatteries — Improving (RS-Ratio 99.26, RS-Momentum 101.2)BatteriesStationery — Improving (RS-Ratio 98.98, RS-Momentum 100.48)StationeryBuilding Products - Laminates — Improving (RS-Ratio 98.51, RS-Momentum 100.8)Building Products - LaminatesIndustrial Machinery — Weakening (RS-Ratio 102.22, RS-Momentum 99.8)Industrial MachineryCommodities Trading — Weakening (RS-Ratio 101.61, RS-Momentum 99.67)Commodities TradingRail — Weakening (RS-Ratio 101.42, RS-Momentum 99.57)RailBuilding Products - Pipes — Weakening (RS-Ratio 101.41, RS-Momentum 98.91)Building Products - PipesEmployment Services — Weakening (RS-Ratio 101.09, RS-Momentum 97.92)Employment ServicesHeavy Machinery — Weakening (RS-Ratio 101.08, RS-Momentum 99.62)Heavy MachineryBusiness Support Services — Weakening (RS-Ratio 101.04, RS-Momentum 99.8)Business Support ServicesElectrical Components & Equipments — Weakening (RS-Ratio 100.79, RS-Momentum 99.59)Electrical Components & EquipmentsBuilding Products - Others — Weakening (RS-Ratio 100.5, RS-Momentum 98.88)Building Products - OthersConglomerates — Weakening (RS-Ratio 100.1, RS-Momentum 99.69)ConglomeratesTrucks & Buses — Weakening (RS-Ratio 100.01, RS-Momentum 99.13)Trucks & BusesShipbuilding — Lagging (RS-Ratio 99.87, RS-Momentum 98.52)ShipbuildingDredging — Lagging (RS-Ratio 99.77, RS-Momentum 99.1)DredgingCables — Lagging (RS-Ratio 99.75, RS-Momentum 99.45)CablesBuilding Products - Glass — Lagging (RS-Ratio 99.26, RS-Momentum 99.91)Building Products - GlassTractors — Lagging (RS-Ratio 99.07, RS-Momentum 99.95)TractorsRoads — Lagging (RS-Ratio 98.87, RS-Momentum 97.36)Roads
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. Use the chips above to isolate industries — the axes stay fixed so positions remain comparable.
NSE industries by RRG quadrant, with where each one sat 1, 2 and 3 months earlier, RS-Ratio and RS-Momentum
IndustryNow1M2M3MRS-RatioRS-Mom12w return
AirportsLeadingLWW102.98101.80+4.9%
PortsLeadingIWL101.94101.39-0.3%
Construction & EngineeringLeadingIGL101.81100.77-6.8%
Environmental ServicesLeadingGWI101.68101.33+2.7%
Agricultural & Farm MachineryLeadingIWI101.67100.10-5.3%
Heavy Electrical EquipmentsLeadingLLW101.59100.64-2%
Building Products - CeramicsLeadingIWL101.39100.47-1.1%
Aerospace & Defense EquipmentsLeadingLWI101.26100.65+10.4%
Renewable Energy Equipment & ServicesLeadingIGW100.78100.81-8.7%
LogisticsLeadingLWL100.62100.88+1.8%
Building Products - GraniteLeadingIGW100.25102.14-11.2%
Building Products - Prefab StructuresLeadingGWL100.09100.85-6.7%
AirlinesImprovingLWL99.39101.59-8.8%
BatteriesImprovingLLW99.26101.20-0.8%
StationeryImprovingLWG98.98100.48-3.5%
Building Products - LaminatesImprovingGWL98.51100.80-8.6%
Industrial MachineryWeakeningIWW102.2299.80-0.9%
Commodities TradingWeakeningIWW101.6199.67+0.8%
RailWeakeningLLL101.4299.57+8.4%
Building Products - PipesWeakeningLII101.4198.91+10.4%
Employment ServicesWeakeningLWL101.0997.92+16.8%
Heavy MachineryWeakeningLWG101.0899.62+22.7%
Business Support ServicesWeakeningLWL101.0499.80+7.6%
Electrical Components & EquipmentsWeakeningLIL100.7999.59+4.4%
Building Products - OthersWeakeningLLG100.5098.88+25.9%
ConglomeratesWeakeningLIG100.1099.69+2.5%
Trucks & BusesWeakeningLWL100.0199.13+1.7%
ShipbuildingLaggingLGI99.8798.52-2.8%
DredgingLaggingGGW99.7799.10-2.6%
CablesLaggingLGL99.7599.45-1.3%
Building Products - GlassLaggingIGG99.2699.91-40.4%
TractorsLaggingLWI99.0799.95-3.2%
RoadsLaggingGIW98.8797.36-7.4%

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.

Benchmark: Nifty 50. Computed from 269 trading sessions, latest 2026-09-11. 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.