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SECTOR ROTATION REPORT NSE
NSE Sector Outlook
Relative Rotation Analysis · All NSE Tradable Sectors · Benchmark: NIFTY 50
NIFTY 50
24,300
2026-04-29 · Auto-generated
Leading Sectors
8
Strong RS + Rising Momentum
Improving Sectors
0
Weak RS + Rising Momentum
Weakening Sectors
3
Strong RS + Falling Momentum
Lagging Sectors
5
Weak RS + Falling Momentum
Sort by
1M Performance
−20% 0% +20%
Nifty Energy
^CNXENERGY
+16.2%
Energy — Reliance, ONGC, NTPC, Power Grid, BPCL, IOC etc.
Quadrant Leading
1D +0.8%
1W +3.5%
3M +22.4%
Volatility 20%
Outlook Bullish
Top Leader Stocks
StockPrice1W1M1Y
RELIANCE INDUSTRIES LT ₹1,420 +4.3% +0.5% +9.7%
OIL AND NATURAL GAS CO ₹305 +7.4% +12.7% +27.4%
NTPC LTD ₹407 +0.3% +7.5% +14.8%
52-Week Price Range
₹41,306
₹33,098 ₹41,306
Relative Strength
RS-Ratio: 103.44 | RS-Momentum: 102.25 | Trend: Downtrend
Nifty Media
^CNXMEDIA
+12.0%
Media & Entertainment — Zee, Sun TV, PVR INOX, Saregama etc.
Quadrant Leading
1D -0.2%
1W +1.0%
3M +5.9%
Volatility 32%
Outlook Bullish
Top Leader Stocks
StockPrice1W1M1Y
ZEE ENTERTAINMENT ENT ₹92 +4.5% +20.5% -18.4%
SUN TV NETWORK LIMITED ₹595 -8.8% -2.4% -7.4%
PVR INOX LIMITED ₹1,077 +8.7% +12.8% +11.2%
52-Week Price Range
₹1,468
₹1,253 ₹1,774
Relative Strength
RS-Ratio: 101.27 | RS-Momentum: 100.42 | Trend: Downtrend
Nifty Commodities
^CNXCMDT
+11.3%
Commodities — ONGC, Coal India, Tata Steel, UPL, Hindalco etc.
Quadrant Leading
1D +0.7%
1W +1.9%
3M +10.0%
Volatility 23%
Outlook Bullish
Top Leader Stocks
StockPrice1W1M1Y
OIL AND NATURAL GAS CO ₹305 +7.4% +12.7% +27.4%
COAL INDIA LTD ₹483 +8.7% +8.8% +29.5%
TATA STEEL LIMITED ₹215 +0.9% +9.4% +55.9%
52-Week Price Range
₹10,413
₹8,303 ₹10,413
Relative Strength
RS-Ratio: 102.01 | RS-Momentum: 101.37 | Trend: Downtrend
Nifty MNC
^CNXMNC
+11.0%
Multinational Corporations — Maruti, HUL, Siemens, ABB, Honeywell etc.
Quadrant Leading
1D +1.2%
1W +0.7%
3M +6.6%
Volatility 25%
Outlook Bullish
Top Leader Stocks
StockPrice1W1M1Y
MARUTI SUZUKI INDIA LT ₹13,535 +1.5% +6.5% +14.9%
HINDUSTAN UNILEVER LTD ₹2,336 -1.4% +9.4% -1.8%
SIEMENS LTD ₹3,813 -0.8% +23.0% +33.5%
52-Week Price Range
₹32,287
₹26,751 ₹32,287
Relative Strength
RS-Ratio: 101.57 | RS-Momentum: 100.75 | Trend: Downtrend
Nifty PSE
^CNXPSE
+11.0%
Public Sector Enterprises — NTPC, Coal India, BEL, HAL, ONGC etc.
Quadrant Leading
1D +0.4%
1W +1.2%
3M +10.7%
Volatility 19%
Outlook Bullish
Top Leader Stocks
StockPrice1W1M1Y
NTPC LTD ₹407 +0.3% +7.5% +14.8%
COAL INDIA LTD ₹483 +8.7% +8.8% +29.5%
BHARAT ELECTRONICS LTD ₹440 -2.0% +6.4% +44.8%
52-Week Price Range
₹10,809
₹9,202 ₹10,809
Relative Strength
RS-Ratio: 101.22 | RS-Momentum: 100.49 | Trend: Downtrend
Nifty FMCG
^CNXFMCG
+9.7%
Fast Moving Consumer Goods — HUL, ITC, Nestlé, Dabur, Britannia etc.
Quadrant Leading
1D +2.0%
1W +1.3%
3M -0.2%
Volatility 22%
Outlook Moderately Bullish
Top Leader Stocks
StockPrice1W1M1Y
HINDUSTAN UNILEVER LTD ₹2,336 -1.4% +9.4% -1.8%
ITC LTD ₹314 +2.9% +6.3% -24.2%
NESTLE INDIA LIMITED ₹1,465 +5.0% +21.7% +21.6%
52-Week Price Range
₹51,887
₹45,539 ₹57,104
Relative Strength
RS-Ratio: 102.39 | RS-Momentum: 103.50 | Trend: Downtrend
Nifty Infra
^CNXINFRA
+7.4%
Infrastructure — L&T, Adani Ports, UltraTech, Bharti Airtel etc.
Quadrant Leading
1D +1.3%
1W +2.0%
3M +5.1%
Volatility 24%
Outlook Bullish
Top Leader Stocks
StockPrice1W1M1Y
LARSEN & TOUBRO LTD. ₹4,112 +2.3% +12.7% +25.7%
ADANI PORT & SEZ LTD ₹1,665 +4.8% +21.0% +35.0%
ULTRATECH CEMENT LIMIT ₹12,035 -1.3% +7.4% +1.4%
52-Week Price Range
₹9,546
₹8,561 ₹9,766
Relative Strength
RS-Ratio: 101.83 | RS-Momentum: 101.50 | Trend: Downtrend
Nifty Pharma
^CNXPHARMA
+2.5%
Pharmaceuticals — Sun Pharma, Dr. Reddy's, Cipla, Lupin, Divis Labs etc.
Quadrant Leading
1D +0.4%
1W +3.6%
3M +6.1%
Volatility 20%
Outlook Moderately Bullish
Top Leader Stocks
StockPrice1W1M1Y
SUN PHARMACEUTICAL IND ₹1,754 +5.0% -2.3% -1.0%
DR. REDDY S LABORATORI ₹1,348 +10.7% +3.6% +14.3%
CIPLA LTD ₹1,317 +6.5% +5.8% -13.2%
52-Week Price Range
₹23,255
₹21,072 ₹23,348
Relative Strength
RS-Ratio: 101.94 | RS-Momentum: 103.91 | Trend: Downtrend
Nifty Realty
^CNXREALTY
+17.4%
Real Estate — DLF, Godrej Properties, Oberoi Realty, Brigade etc.
Quadrant Weakening
1D +2.3%
1W +1.1%
3M +3.8%
Volatility 38%
Outlook Moderately Bullish
Top Leader Stocks
StockPrice1W1M1Y
DLF LIMITED ₹602 -1.4% +12.7% -11.8%
GODREJ PROPERTIES LTD ₹1,871 +2.1% +19.6% -13.1%
OBEROI REALTY LIMITED ₹1,726 -0.4% +15.1% +1.7%
52-Week Price Range
₹812
₹651 ₹1,040
Relative Strength
RS-Ratio: 102.29 | RS-Momentum: 97.53 | Trend: Downtrend
Nifty Metal
^CNXMETAL
+15.2%
Metals & Mining — Tata Steel, JSW Steel, Hindalco, Vedanta etc.
Quadrant Weakening
1D +0.2%
1W +1.4%
3M +12.9%
Volatility 30%
Outlook Moderately Bullish
Top Leader Stocks
StockPrice1W1M1Y
TATA STEEL LIMITED ₹215 +0.9% +9.4% +55.9%
JSW STEEL LIMITED ₹1,281 +1.4% +10.8% +23.6%
HINDALCO INDUSTRIES ₹1,074 +3.2% +23.6% +71.9%
52-Week Price Range
₹13,070
₹8,421 ₹13,070
Relative Strength
RS-Ratio: 101.18 | RS-Momentum: 99.36 | Trend: Downtrend
Nifty Auto
^CNXAUTO
+5.3%
Automobile & ancillaries — M&M, Tata Motors, Maruti, Bajaj Auto etc.
Quadrant Weakening
1D +2.3%
1W -0.3%
3M -2.7%
Volatility 37%
Outlook Neutral
Top Leader Stocks
StockPrice1W1M1Y
MAHINDRA & MAHINDRA LT ₹3,170 +0.6% +1.3% +9.5%
BAJAJ AUTO LIMITED ₹9,634 +0.3% +6.5% +19.6%
MARUTI SUZUKI INDIA LT ₹13,535 +1.5% +6.5% +14.9%
52-Week Price Range
₹26,381
₹22,286 ₹28,922
Relative Strength
RS-Ratio: 100.37 | RS-Momentum: 98.94 | Trend: Downtrend
Nifty Bank
^NSEBANK
+4.3%
Banking sector — SBI, HDFC Bank, ICICI Bank, Kotak, Axis etc.
Quadrant Lagging
1D +1.1%
1W -1.9%
3M -5.4%
Volatility 33%
Outlook Neutral
Top Leader Stocks
StockPrice1W1M1Y
HDFC BANK LTD ₹785 -1.9% +0.3% -17.3%
ICICI BANK LTD. ₹1,291 -5.6% +2.5% -8.7%
STATE BANK OF INDIA ₹1,102 -0.1% +4.0% +38.3%
52-Week Price Range
₹56,012
₹50,275 ₹61,551
Relative Strength
RS-Ratio: 99.07 | RS-Momentum: 97.91 | Trend: Downtrend
Nifty Fin Services
NIFTY_FIN_SERVICE.NS
+4.1%
Financial Services — Banks, NBFCs, Insurance, AMCs etc.
Quadrant Lagging
1D +0.6%
1W -2.0%
3M -3.9%
Volatility 32%
Outlook Moderately Bearish
Top Leader Stocks
StockPrice1W1M1Y
HDFC BANK LTD ₹785 -1.9% +0.3% -17.3%
ICICI BANK LTD. ₹1,291 -5.6% +2.5% -8.7%
BAJAJ FINANCE LIMITED ₹932 -0.3% +5.6% +0.6%
52-Week Price Range
₹26,090
₹23,522 ₹28,463
Relative Strength
RS-Ratio: 98.75 | RS-Momentum: 97.21 | Trend: Downtrend
Nifty Services
^CNXSERVICE
+3.1%
Services Sector — IT, Financial Services, Telecom, Hospitality etc.
Quadrant Lagging
1D +0.9%
1W -1.8%
3M -7.1%
Volatility 26%
Outlook Moderately Bearish
Top Leader Stocks
StockPrice1W1M1Y
TATA CONSULTANCY SERV ₹2,481 -2.3% +4.4% -24.8%
HDFC BANK LTD ₹785 -1.9% +0.3% -17.3%
BHARTI AIRTEL LIMITED ₹1,886 +3.1% +2.8% +1.1%
52-Week Price Range
₹30,683
₹28,364 ₹34,101
Relative Strength
RS-Ratio: 98.82 | RS-Momentum: 98.37 | Trend: Downtrend
Nifty PSU Bank
^CNXPSUBANK
+2.3%
Public Sector Banks — SBI, PNB, Bank of Baroda, Canara Bank etc.
Quadrant Lagging
1D +1.4%
1W -2.7%
3M -2.3%
Volatility 37%
Outlook Moderately Bearish
Top Leader Stocks
StockPrice1W1M1Y
STATE BANK OF INDIA ₹1,102 -0.1% +4.0% +38.3%
PUNJAB NATIONAL BANK ₹112 -1.9% +2.2% +12.4%
BANK OF BARODA ₹271 -4.2% -0.6% +11.5%
52-Week Price Range
₹8,780
₹6,168 ₹9,880
Relative Strength
RS-Ratio: 98.86 | RS-Momentum: 98.12 | Trend: Downtrend
Nifty IT
^CNXIT
-1.0%
Information Technology — TCS, Infosys, Wipro, HCL Tech, Tech Mahindra etc.
Quadrant Lagging
1D +1.4%
1W -3.7%
3M -23.3%
Volatility 32%
Outlook Bearish
Top Leader Stocks
StockPrice1W1M1Y
TATA CONSULTANCY SERV ₹2,481 -2.3% +4.4% -24.8%
INFOSYS LIMITED ₹1,177 -7.2% -8.0% -17.9%
HCL TECHNOLOGIES LTD ₹1,204 -4.5% -11.1% -20.3%
52-Week Price Range
₹29,361
₹28,531 ₹39,488
Relative Strength
RS-Ratio: 96.47 | RS-Momentum: 97.61 | Trend: Downtrend
How to Read the Relative Rotation Graph

The RRG plots each sector's relative strength (RS-Ratio, X-axis) against its momentum (RS-Momentum, Y-axis) compared to the NIFTY 50 benchmark. The center (100,100) represents parity. Sectors rotate clockwise through the four quadrants — this rotation reflects the natural cycle of sector leadership.

Improving (Top-Left)

RS-Ratio < 100, RS-Momentum > 100 — Sector still underperforms but momentum is turning up. Early rotation signal.

Leading (Top-Right)

RS-Ratio > 100, RS-Momentum > 100 — Sector is outperforming and acceleration is positive. Strongest position.

Lagging (Bottom-Left)

RS-Ratio < 100, RS-Momentum < 100 — Sector underperforms with declining momentum. Weakest position.

Weakening (Bottom-Right)

RS-Ratio > 100, RS-Momentum < 100 — Sector still outperforms but momentum is fading. Consider booking profits.

RRG Scatter Plot — Current Positioning
LEADING IMPROVING LAGGING WEAKENING 91 94 97 103 106 109 91 94 97 103 106 109 RS-RATIO → RS-MOMENTUM → Bank IT Auto FMCG Metal Pharma PSU Bank Realty Media Energy Infra Commodities MNC PSE Fin Services Services
Sector Rotation Trail — Weekly Movement
LEADING IMPROVING LAGGING WEAKENING RS-RATIO → RS-MOMENTUM → Bank IT Auto FMCG Metal Pharma PSU Bank Realty Media Energy Infra Commodities MNC PSE Fin Services Services
Bank [Lagging] IT [Lagging] Auto [Weakening] FMCG [Leading] Metal [Weakening] Pharma [Leading] PSU Bank [Lagging] Realty [Weakening] Media [Leading] Energy [Leading] Infra [Leading] Commodities [Leading] MNC [Leading] PSE [Leading] Fin Services [Lagging] Services [Lagging]
1-Month Sector Performance
Realty +17.4% Energy +16.2% Metal +15.2% Media +12.0% Commodities +11.3% MNC +11.0% PSE +11.0% FMCG +9.7% Infra +7.4% Auto +5.3% Bank +4.3% Fin Services +4.1% Services +3.1% Pharma +2.5% PSU Bank +2.3% IT -1.0%
3-Month Sector Performance
Energy +22.4% Metal +12.9% PSE +10.7% Commodities +10.0% MNC +6.6% Pharma +6.1% Media +5.9% Infra +5.1% Realty +3.8% FMCG -0.2% PSU Bank -2.3% Auto -2.7% Fin Services -3.9% Bank -5.4% Services -7.1% IT -23.3%
Market Breadth — Cap-wise Index Performance
Index Level 1D1W1M3M6M1Y From High Trend
Nifty 50 24,300 +1.3% -0.3% +4.3% -3.9% -6.1% — -7.7% Downtrend
Nifty 100 25,239 +1.1% -0.4% +5.5% -2.4% -4.6% — -6.3% Downtrend
Nifty 200 13,907 +1.1% -0.1% +6.4% -1.1% -3.3% — -5.2% Downtrend
Nifty Midcap 100 70,941 +0.5% -0.6% +11.5% +5.0% +2.1% — -0.6% Downtrend
Nifty Midcap 150 60,419 +0.3% +0.6% +11.7% +5.2% +2.6% — -1.6% Downtrend
Sector Outlook Summary
Sector Quadrant Trend 1D1W1M3M6M From High Vol (30d) Outlook
Energy Leading Downtrend +0.8% +3.5% +16.2% +22.4% +16.1% +0.0% 20% Bullish
Media Leading Downtrend -0.2% +1.0% +12.0% +5.9% -4.2% -17.2% 32% Bullish
Commodities Leading Downtrend +0.7% +1.9% +11.3% +10.0% +12.7% +0.0% 23% Bullish
MNC Leading Downtrend +1.2% +0.7% +11.0% +6.6% +7.0% +0.0% 25% Bullish
PSE Leading Downtrend +0.4% +1.2% +11.0% +10.7% +8.9% +0.0% 19% Bullish
FMCG Leading Downtrend +2.0% +1.3% +9.7% -0.2% -8.3% -9.1% 22% Moderately Bullish
Infra Leading Downtrend +1.3% +2.0% +7.4% +5.1% +0.9% -2.3% 24% Bullish
Pharma Leading Downtrend +0.4% +3.6% +2.5% +6.1% +3.6% -0.4% 20% Moderately Bullish
Realty Weakening Downtrend +2.3% +1.1% +17.4% +3.8% -13.4% -21.8% 38% Moderately Bullish
Metal Weakening Downtrend +0.2% +1.4% +15.2% +12.9% +28.2% +0.0% 30% Moderately Bullish
Auto Weakening Downtrend +2.3% -0.3% +5.3% -2.7% -3.0% -8.8% 37% Neutral
Bank Lagging Downtrend +1.1% -1.9% +4.3% -5.4% -3.4% -9.0% 33% Neutral
Fin Services Lagging Downtrend +0.6% -2.0% +4.1% -3.9% -5.1% -8.3% 32% Moderately Bearish
Services Lagging Downtrend +0.9% -1.8% +3.1% -7.1% -8.5% -10.0% 26% Moderately Bearish
PSU Bank Lagging Downtrend +1.4% -2.7% +2.3% -2.3% +11.7% -11.1% 37% Moderately Bearish
IT Lagging Downtrend +1.4% -3.7% -1.0% -23.3% -16.8% -25.6% 32% Bearish
Sector Leaders — Top 3 Stocks per Sector
Energy Leading
Stock Price1W1M1Y
RELIANCE INDUSTRIES LTD ₹1,420 +4.3% +0.5% +9.7%
OIL AND NATURAL GAS CORP. ₹305 +7.4% +12.7% +27.4%
NTPC LTD ₹407 +0.3% +7.5% +14.8%
Media Leading
Stock Price1W1M1Y
ZEE ENTERTAINMENT ENT LTD ₹92 +4.5% +20.5% -18.4%
SUN TV NETWORK LIMITED ₹595 -8.8% -2.4% -7.4%
PVR INOX LIMITED ₹1,077 +8.7% +12.8% +11.2%
Commodities Leading
Stock Price1W1M1Y
OIL AND NATURAL GAS CORP. ₹305 +7.4% +12.7% +27.4%
COAL INDIA LTD ₹483 +8.7% +8.8% +29.5%
TATA STEEL LIMITED ₹215 +0.9% +9.4% +55.9%
MNC Leading
Stock Price1W1M1Y
MARUTI SUZUKI INDIA LTD. ₹13,535 +1.5% +6.5% +14.9%
HINDUSTAN UNILEVER LTD. ₹2,336 -1.4% +9.4% -1.8%
SIEMENS LTD ₹3,813 -0.8% +23.0% +33.5%
PSE Leading
Stock Price1W1M1Y
NTPC LTD ₹407 +0.3% +7.5% +14.8%
COAL INDIA LTD ₹483 +8.7% +8.8% +29.5%
BHARAT ELECTRONICS LTD ₹440 -2.0% +6.4% +44.8%
FMCG Leading
Stock Price1W1M1Y
HINDUSTAN UNILEVER LTD. ₹2,336 -1.4% +9.4% -1.8%
ITC LTD ₹314 +2.9% +6.3% -24.2%
NESTLE INDIA LIMITED ₹1,465 +5.0% +21.7% +21.6%
Infra Leading
Stock Price1W1M1Y
LARSEN & TOUBRO LTD. ₹4,112 +2.3% +12.7% +25.7%
ADANI PORT & SEZ LTD ₹1,665 +4.8% +21.0% +35.0%
ULTRATECH CEMENT LIMITED ₹12,035 -1.3% +7.4% +1.4%
Pharma Leading
Stock Price1W1M1Y
SUN PHARMACEUTICAL IND L ₹1,754 +5.0% -2.3% -1.0%
DR. REDDY S LABORATORIES ₹1,348 +10.7% +3.6% +14.3%
CIPLA LTD ₹1,317 +6.5% +5.8% -13.2%
Realty Weakening
Stock Price1W1M1Y
DLF LIMITED ₹602 -1.4% +12.7% -11.8%
GODREJ PROPERTIES LTD ₹1,871 +2.1% +19.6% -13.1%
OBEROI REALTY LIMITED ₹1,726 -0.4% +15.1% +1.7%
Metal Weakening
Stock Price1W1M1Y
TATA STEEL LIMITED ₹215 +0.9% +9.4% +55.9%
JSW STEEL LIMITED ₹1,281 +1.4% +10.8% +23.6%
HINDALCO INDUSTRIES LTD ₹1,074 +3.2% +23.6% +71.9%
Auto Weakening
Stock Price1W1M1Y
MAHINDRA & MAHINDRA LTD ₹3,170 +0.6% +1.3% +9.5%
BAJAJ AUTO LIMITED ₹9,634 +0.3% +6.5% +19.6%
MARUTI SUZUKI INDIA LTD. ₹13,535 +1.5% +6.5% +14.9%
Bank Lagging
Stock Price1W1M1Y
HDFC BANK LTD ₹785 -1.9% +0.3% -17.3%
ICICI BANK LTD. ₹1,291 -5.6% +2.5% -8.7%
STATE BANK OF INDIA ₹1,102 -0.1% +4.0% +38.3%
Fin Services Lagging
Stock Price1W1M1Y
HDFC BANK LTD ₹785 -1.9% +0.3% -17.3%
ICICI BANK LTD. ₹1,291 -5.6% +2.5% -8.7%
BAJAJ FINANCE LIMITED ₹932 -0.3% +5.6% +0.6%
Services Lagging
Stock Price1W1M1Y
TATA CONSULTANCY SERV LT ₹2,481 -2.3% +4.4% -24.8%
HDFC BANK LTD ₹785 -1.9% +0.3% -17.3%
BHARTI AIRTEL LIMITED ₹1,886 +3.1% +2.8% +1.1%
PSU Bank Lagging
Stock Price1W1M1Y
STATE BANK OF INDIA ₹1,102 -0.1% +4.0% +38.3%
PUNJAB NATIONAL BANK ₹112 -1.9% +2.2% +12.4%
BANK OF BARODA ₹271 -4.2% -0.6% +11.5%
IT Lagging
Stock Price1W1M1Y
TATA CONSULTANCY SERV LT ₹2,481 -2.3% +4.4% -24.8%
INFOSYS LIMITED ₹1,177 -7.2% -8.0% -17.9%
HCL TECHNOLOGIES LTD ₹1,204 -4.5% -11.1% -20.3%
Detailed Sector Analysis by Quadrant

Leading Quadrant 8 sectors

These sectors have strong relative strength AND rising momentum vs Nifty 50. They are outperforming the benchmark and the outperformance is accelerating. These are the strongest sectors in the market — ideal for trend-following strategies. Sectors typically enter this quadrant from 'Improving' after sustained relative outperformance.

Nifty FMCG Moderately Bullish
RS-Ratio: 102.39 | RS-Momentum: 103.50
Fast Moving Consumer Goods — HUL, ITC, Nestlé, Dabur, Britannia etc.
  • Sector is in the Leading quadrant — both relative strength and momentum vs NIFTY 50 are above average.
  • Price is below key moving averages — bearish structure.
  • Strong 1-month return of +9.7% shows near-term strength.
  • Outperforming NIFTY 50 by +5.5% over the past month.
Nifty Pharma Moderately Bullish
RS-Ratio: 101.94 | RS-Momentum: 103.91
Pharmaceuticals — Sun Pharma, Dr. Reddy's, Cipla, Lupin, Divis Labs etc.
  • Sector is in the Leading quadrant — both relative strength and momentum vs NIFTY 50 are above average.
  • Price is below key moving averages — bearish structure.
  • Positive returns across both 1M and 3M timeframes show sustained momentum.
  • Trading near 52-week high (-0.4% from peak) — strong relative positioning.
Nifty Media Bullish
RS-Ratio: 101.27 | RS-Momentum: 100.42
Media & Entertainment — Zee, Sun TV, PVR INOX, Saregama etc.
  • Sector is in the Leading quadrant — both relative strength and momentum vs NIFTY 50 are above average.
  • Price is below key moving averages — bearish structure.
  • Strong 1-month return of +12.0% shows near-term strength.
  • Positive returns across both 1M and 3M timeframes show sustained momentum.
  • Outperforming NIFTY 50 by +7.7% over the past month.
  • Elevated 30-day annualized volatility of 32% — higher risk.
Nifty Energy Bullish
RS-Ratio: 103.44 | RS-Momentum: 102.25
Energy — Reliance, ONGC, NTPC, Power Grid, BPCL, IOC etc.
  • Sector is in the Leading quadrant — both relative strength and momentum vs NIFTY 50 are above average.
  • Price is below key moving averages — bearish structure.
  • Strong 1-month return of +16.2% shows near-term strength.
  • Positive returns across both 1M and 3M timeframes show sustained momentum.
  • Trading near 52-week high (+0.0% from peak) — strong relative positioning.
  • Outperforming NIFTY 50 by +11.9% over the past month.
Nifty Infra Bullish
RS-Ratio: 101.83 | RS-Momentum: 101.50
Infrastructure — L&T, Adani Ports, UltraTech, Bharti Airtel etc.
  • Sector is in the Leading quadrant — both relative strength and momentum vs NIFTY 50 are above average.
  • Price is below key moving averages — bearish structure.
  • Strong 1-month return of +7.4% shows near-term strength.
  • Positive returns across both 1M and 3M timeframes show sustained momentum.
  • Trading near 52-week high (-2.3% from peak) — strong relative positioning.
  • Outperforming NIFTY 50 by +3.1% over the past month.
Nifty Commodities Bullish
RS-Ratio: 102.01 | RS-Momentum: 101.37
Commodities — ONGC, Coal India, Tata Steel, UPL, Hindalco etc.
  • Sector is in the Leading quadrant — both relative strength and momentum vs NIFTY 50 are above average.
  • Price is below key moving averages — bearish structure.
  • Strong 1-month return of +11.3% shows near-term strength.
  • Positive returns across both 1M and 3M timeframes show sustained momentum.
  • Trading near 52-week high (+0.0% from peak) — strong relative positioning.
  • Outperforming NIFTY 50 by +7.0% over the past month.
Nifty MNC Bullish
RS-Ratio: 101.57 | RS-Momentum: 100.75
Multinational Corporations — Maruti, HUL, Siemens, ABB, Honeywell etc.
  • Sector is in the Leading quadrant — both relative strength and momentum vs NIFTY 50 are above average.
  • Price is below key moving averages — bearish structure.
  • Strong 1-month return of +11.0% shows near-term strength.
  • Positive returns across both 1M and 3M timeframes show sustained momentum.
  • Trading near 52-week high (+0.0% from peak) — strong relative positioning.
  • Outperforming NIFTY 50 by +6.7% over the past month.
Nifty PSE Bullish
RS-Ratio: 101.22 | RS-Momentum: 100.49
Public Sector Enterprises — NTPC, Coal India, BEL, HAL, ONGC etc.
  • Sector is in the Leading quadrant — both relative strength and momentum vs NIFTY 50 are above average.
  • Price is below key moving averages — bearish structure.
  • Strong 1-month return of +11.0% shows near-term strength.
  • Positive returns across both 1M and 3M timeframes show sustained momentum.
  • Trading near 52-week high (+0.0% from peak) — strong relative positioning.
  • Outperforming NIFTY 50 by +6.7% over the past month.

Weakening Quadrant 3 sectors

These sectors still have above-average relative strength but momentum is declining. They were previously leading but are starting to lose steam. This is a caution zone — while still relatively strong, the deceleration suggests the best of the move may be over. Without a momentum reversal, they will rotate into Lagging.

Nifty Auto Neutral
RS-Ratio: 100.37 | RS-Momentum: 98.94
Automobile & ancillaries — M&M, Tata Motors, Maruti, Bajaj Auto etc.
  • Sector is in the Weakening quadrant — while relative strength is still above average, momentum is fading.
  • Price is below key moving averages — bearish structure.
  • Strong 1-month return of +5.3% shows near-term strength.
  • Elevated 30-day annualized volatility of 37% — higher risk.
Nifty Metal Moderately Bullish
RS-Ratio: 101.18 | RS-Momentum: 99.36
Metals & Mining — Tata Steel, JSW Steel, Hindalco, Vedanta etc.
  • Sector is in the Weakening quadrant — while relative strength is still above average, momentum is fading.
  • Price is below key moving averages — bearish structure.
  • Strong 1-month return of +15.2% shows near-term strength.
  • Positive returns across both 1M and 3M timeframes show sustained momentum.
  • Trading near 52-week high (+0.0% from peak) — strong relative positioning.
  • Outperforming NIFTY 50 by +11.0% over the past month.
  • Elevated 30-day annualized volatility of 30% — higher risk.
Nifty Realty Moderately Bullish
RS-Ratio: 102.29 | RS-Momentum: 97.53
Real Estate — DLF, Godrej Properties, Oberoi Realty, Brigade etc.
  • Sector is in the Weakening quadrant — while relative strength is still above average, momentum is fading.
  • Price is below key moving averages — bearish structure.
  • Strong 1-month return of +17.4% shows near-term strength.
  • Positive returns across both 1M and 3M timeframes show sustained momentum.
  • Significantly off 52-week high (-21.8%) — potential value zone or structural weakness.
  • Outperforming NIFTY 50 by +13.1% over the past month.
  • Elevated 30-day annualized volatility of 38% — higher risk.

Lagging Quadrant 5 sectors

These sectors have weak relative strength AND declining momentum. They are underperforming the benchmark and the underperformance is worsening. These are the weakest sectors — best avoided for fresh longs. However, when momentum starts improving (rotation toward Improving), it can signal a bottoming process.

Nifty Bank Neutral
RS-Ratio: 99.07 | RS-Momentum: 97.91
Banking sector — SBI, HDFC Bank, ICICI Bank, Kotak, Axis etc.
  • Sector is in the Lagging quadrant — both relative strength and momentum are below NIFTY 50.
  • Price is below key moving averages — bearish structure.
  • Elevated 30-day annualized volatility of 33% — higher risk.
Nifty IT Bearish
RS-Ratio: 96.47 | RS-Momentum: 97.61
Information Technology — TCS, Infosys, Wipro, HCL Tech, Tech Mahindra etc.
  • Sector is in the Lagging quadrant — both relative strength and momentum are below NIFTY 50.
  • Price is below key moving averages — bearish structure.
  • Negative returns across both 1M and 3M periods — persistent weakness.
  • Significantly off 52-week high (-25.6%) — potential value zone or structural weakness.
  • Underperforming NIFTY 50 by -5.3% over the past month.
  • Elevated 30-day annualized volatility of 32% — higher risk.
Nifty PSU Bank Moderately Bearish
RS-Ratio: 98.86 | RS-Momentum: 98.12
Public Sector Banks — SBI, PNB, Bank of Baroda, Canara Bank etc.
  • Sector is in the Lagging quadrant — both relative strength and momentum are below NIFTY 50.
  • Price is below key moving averages — bearish structure.
  • Elevated 30-day annualized volatility of 37% — higher risk.
Nifty Fin Services Moderately Bearish
RS-Ratio: 98.75 | RS-Momentum: 97.21
Financial Services — Banks, NBFCs, Insurance, AMCs etc.
  • Sector is in the Lagging quadrant — both relative strength and momentum are below NIFTY 50.
  • Price is below key moving averages — bearish structure.
  • Elevated 30-day annualized volatility of 32% — higher risk.
Nifty Services Moderately Bearish
RS-Ratio: 98.82 | RS-Momentum: 98.37
Services Sector — IT, Financial Services, Telecom, Hospitality etc.
  • Sector is in the Lagging quadrant — both relative strength and momentum are below NIFTY 50.
  • Price is below key moving averages — bearish structure.
Generated on 2026-04-29 · Data via Yahoo Finance · Benchmark: NIFTY 50
Relative Rotation Graph methodology based on Julius de Kempenaer's RRG framework
Not investment advice · For informational purposes only