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
Trail4w6w8w12w
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Nothing selected — the graph is empty. Tick an industry above, or show all industries.

LEADINGWEAKENINGLAGGINGIMPROVING96.19810010210497.298.6100101.4102.8RS-Ratio → relative strength vs Nifty 50 (100 = benchmark)RS-Momentum → rate of changeIT Services & Consulting: Weakening (RS-Ratio 101.45, RS-Momentum 97.91). 14% of its stocks in Stage 2, breadth weakIT Services & ConsultingSoftware Services: Weakening (RS-Ratio 100.86, RS-Momentum 98.58). 18% of its stocks in Stage 2, breadth weakSoftware ServicesOutsourced services: Weakening (RS-Ratio 100.56, RS-Momentum 98.53). 27% of its stocks in Stage 2, breadth weakOutsourced servicesTechnology Hardware: Lagging (RS-Ratio 99.82, RS-Momentum 99.58). 56% of its stocks in Stage 2, breadth thinningTechnology HardwareElectronic Equipments: Lagging (RS-Ratio 99.04, RS-Momentum 99.02). 32% of its stocks in Stage 2, breadth thinningElectronic EquipmentsCommunication & Networking: Lagging (RS-Ratio 98.4, RS-Momentum 99.15). 56% of its stocks in Stage 2, breadth thinningCommunication & Networking
Each dot is an industry; the trail behind it is the last 4 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.

No industry is Leading on this graph. Show all

No industry is Improving on this graph. Show all

Showing the 3 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-Mom4w returnStage 2 stocks
IT Services & ConsultingWeakeningWeak14%IGW101.4597.91+15.4%Screen →
Software ServicesWeakeningWeak18%WLW100.8698.58+2.4%Screen →
Outsourced servicesWeakeningWeak27%LWL100.5698.53+3.2%Screen →
Technology HardwareLaggingThinning56%WLG99.8299.58-8.8%Screen →
Electronic EquipmentsLaggingThinning32%WLG99.0499.02-2.8%Screen →
Communication & NetworkingLaggingThinning56%WLG98.4099.15-11.2%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.