अApnaFunda

Sector Rotation Map: earnings momentum vs relative strength

19 sectors as of 30 Oct 2026. Horizontal: the sector's median fundamental momentum score minus 50. Vertical: the sector index's 6-month return minus the market's, in percentage points. Each dot is where the sector is now; hover or tap one to see its path over the past 12 month-ends.

Rotation map: 12-month trails

Confirmed strength Running ahead of earnings Improving, not yet rewarded Confirmed weakness Fundamental momentum (sector median score minus 50) → Relative strength vs market, 6M (pp) →Commercial Services · Nov 2025 · F −1 · RS −10.3 ppCommercial Services · Dec 2025 · F −1 · RS −11.1 ppCommercial Services · Jan 2026 · F −1 · RS −14.4 ppCommercial Services · Feb 2026 · F −1 · RS −22.5 ppCommercial Services · Mar 2026 · F +2 · RS −18.6 ppCommercial Services · Apr 2026 · F +1 · RS −15.7 ppCommercial Services · May 2026 · F +1 · RS −11.1 ppCommercial Services · Jun 2026 · F −0 · RS −12.5 ppCommercial Services · Jul 2026 · F −1 · RS −4.2 ppCommercial Services · Aug 2026 · F −4 · RS +4.8 ppCommercial Services · Sep 2026 · F −4 · RS +7.7 ppCommercial Services · Oct 2026 · F −4 · RS +3.1 ppCommercial Services · Running ahead of earningsCommercial ServicesCommunications · Nov 2025 · F +12 · RS +6.4 ppCommunications · Dec 2025 · F +2 · RS +3.1 ppCommunications · Jan 2026 · F +2 · RS +3.6 ppCommunications · Feb 2026 · F +2 · RS +0.1 ppCommunications · Mar 2026 · F +9 · RS +4.2 ppCommunications · Apr 2026 · F +4 · RS −4.5 ppCommunications · May 2026 · F +4 · RS −7.1 ppCommunications · Jun 2026 · F −6 · RS −9.2 ppCommunications · Jul 2026 · F −6 · RS −4.2 ppCommunications · Aug 2026 · F −6 · RS −7.7 ppCommunications · Sep 2026 · F −4 · RS −9.7 ppCommunications · Oct 2026 · F −4 · RS +8.5 ppCommunications · Running ahead of earningsCommunicationsConsumer Durables · Nov 2025 · F −0 · RS +13.1 ppConsumer Durables · Dec 2025 · F +6 · RS +14.3 ppConsumer Durables · Jan 2026 · F +6 · RS +10.8 ppConsumer Durables · Feb 2026 · F +6 · RS +3.0 ppConsumer Durables · Mar 2026 · F +6 · RS −2.1 ppConsumer Durables · Apr 2026 · F +7 · RS −5.0 ppConsumer Durables · May 2026 · F +7 · RS −5.5 ppConsumer Durables · Jun 2026 · F +10 · RS −5.0 ppConsumer Durables · Jul 2026 · F +9 · RS +1.0 ppConsumer Durables · Aug 2026 · F +9 · RS +2.0 ppConsumer Durables · Sep 2026 · F +9 · RS +0.4 ppConsumer Durables · Oct 2026 · F +9 · RS +3.4 ppConsumer Durables · Confirmed strengthConsumer DurablesConsumer Non-Durables · Nov 2025 · F −2 · RS −4.6 ppConsumer Non-Durables · Dec 2025 · F +0 · RS −1.6 ppConsumer Non-Durables · Jan 2026 · F +1 · RS −7.1 ppConsumer Non-Durables · Feb 2026 · F +2 · RS −10.4 ppConsumer Non-Durables · Mar 2026 · F +3 · RS −6.0 ppConsumer Non-Durables · Apr 2026 · F +3 · RS −5.6 ppConsumer Non-Durables · May 2026 · F +3 · RS −5.2 ppConsumer Non-Durables · Jun 2026 · F +2 · RS −5.5 ppConsumer Non-Durables · Jul 2026 · F +1 · RS −6.5 ppConsumer Non-Durables · Aug 2026 · F +1 · RS −9.9 ppConsumer Non-Durables · Sep 2026 · F +0 · RS −7.3 ppConsumer Non-Durables · Oct 2026 · F +0 · RS −9.1 ppConsumer Non-Durables · Near centreConsumer Non-DurablesConsumer Services · Nov 2025 · F +0 · RS −11.7 ppConsumer Services · Dec 2025 · F −3 · RS −9.4 ppConsumer Services · Jan 2026 · F −3 · RS −18.2 ppConsumer Services · Feb 2026 · F −3 · RS −24.2 ppConsumer Services · Mar 2026 · F −3 · RS −20.5 ppConsumer Services · Apr 2026 · F −4 · RS −19.0 ppConsumer Services · May 2026 · F −5 · RS −15.3 ppConsumer Services · Jun 2026 · F −0 · RS −12.0 ppConsumer Services · Jul 2026 · F −1 · RS −3.9 ppConsumer Services · Aug 2026 · F −1 · RS −0.4 ppConsumer Services · Sep 2026 · F −2 · RS +6.4 ppConsumer Services · Oct 2026 · F −3 · RS +3.8 ppConsumer Services · Running ahead of earningsConsumer ServicesDistribution Services · Nov 2025 · F +11 · RS −10.9 ppDistribution Services · Dec 2025 · F +6 · RS −13.1 ppDistribution Services · Jan 2026 · F +6 · RS −16.7 ppDistribution Services · Feb 2026 · F +6 · RS −4.5 ppDistribution Services · Mar 2026 · F +15 · RS −16.6 ppDistribution Services · Apr 2026 · F +14 · RS +0.9 ppDistribution Services · May 2026 · F +14 · RS +19.7 ppDistribution Services · Jun 2026 · F +13 · RS +32.9 ppDistribution Services · Jul 2026 · F +12 · RS +45.5 ppDistribution Services · Aug 2026 · F +11 · RS +28.7 ppDistribution Services · Sep 2026 · F +5 · RS +51.3 ppDistribution Services · Oct 2026 · F +5 · RS +12.7 ppDistribution Services · Confirmed strengthDistribution ServicesElectronic Technology · Nov 2025 · F +18 · RS −5.8 ppElectronic Technology · Dec 2025 · F +12 · RS −11.4 ppElectronic Technology · Jan 2026 · F +11 · RS −4.7 ppElectronic Technology · Feb 2026 · F +12 · RS −4.3 ppElectronic Technology · Mar 2026 · F +12 · RS −4.1 ppElectronic Technology · Apr 2026 · F +12 · RS +4.5 ppElectronic Technology · May 2026 · F +12 · RS +12.0 ppElectronic Technology · Jun 2026 · F −4 · RS +22.3 ppElectronic Technology · Jul 2026 · F −3 · RS +20.5 ppElectronic Technology · Aug 2026 · F +0 · RS +22.1 ppElectronic Technology · Sep 2026 · F +2 · RS +18.4 ppElectronic Technology · Oct 2026 · F +3 · RS +4.4 ppElectronic Technology · Near centreElectronic TechnologyEnergy Minerals · Nov 2025 · F −7 · RS +4.1 ppEnergy Minerals · Dec 2025 · F +4 · RS +4.4 ppEnergy Minerals · Jan 2026 · F +4 · RS +4.5 ppEnergy Minerals · Feb 2026 · F +4 · RS +6.4 ppEnergy Minerals · Mar 2026 · F +4 · RS +12.7 ppEnergy Minerals · Apr 2026 · F +5 · RS +5.0 ppEnergy Minerals · May 2026 · F +4 · RS −5.7 ppEnergy Minerals · Jun 2026 · F +16 · RS −11.2 ppEnergy Minerals · Jul 2026 · F +16 · RS −10.2 ppEnergy Minerals · Aug 2026 · F +16 · RS −14.7 ppEnergy Minerals · Sep 2026 · F +3 · RS −17.9 ppEnergy Minerals · Oct 2026 · F −3 · RS −12.9 ppEnergy Minerals · Confirmed weaknessEnergy MineralsFinance · Nov 2025 · F +1 · RS +5.2 ppFinance · Dec 2025 · F −0 · RS +4.5 ppFinance · Jan 2026 · F −0 · RS +7.1 ppFinance · Feb 2026 · F −1 · RS +10.5 ppFinance · Mar 2026 · F −2 · RS +3.1 ppFinance · Apr 2026 · F −2 · RS +0.4 ppFinance · May 2026 · F −2 · RS −5.3 ppFinance · Jun 2026 · F −5 · RS −1.1 ppFinance · Jul 2026 · F −5 · RS −4.8 ppFinance · Aug 2026 · F −4 · RS −7.0 ppFinance · Sep 2026 · F −1 · RS −3.7 ppFinance · Oct 2026 · F −1 · RS −1.4 ppFinance · Near centreFinanceHealth Services · Nov 2025 · F +10 · RS +7.0 ppHealth Services · Dec 2025 · F −5 · RS −3.9 ppHealth Services · Jan 2026 · F −5 · RS −13.1 ppHealth Services · Feb 2026 · F −5 · RS −6.6 ppHealth Services · Mar 2026 · F −4 · RS −1.4 ppHealth Services · Apr 2026 · F −4 · RS −6.9 ppHealth Services · May 2026 · F −4 · RS +3.2 ppHealth Services · Jun 2026 · F +7 · RS +14.2 ppHealth Services · Jul 2026 · F +3 · RS +19.2 ppHealth Services · Aug 2026 · F +2 · RS +10.5 ppHealth Services · Sep 2026 · F −1 · RS +5.2 ppHealth Services · Oct 2026 · F −1 · RS +5.9 ppHealth Services · Near centreHealth ServicesHealth Technology · Nov 2025 · F +4 · RS −2.6 ppHealth Technology · Dec 2025 · F +0 · RS −3.5 ppHealth Technology · Jan 2026 · F −0 · RS −10.0 ppHealth Technology · Feb 2026 · F +2 · RS −3.2 ppHealth Technology · Mar 2026 · F +0 · RS +6.1 ppHealth Technology · Apr 2026 · F +0 · RS +2.9 ppHealth Technology · May 2026 · F −0 · RS +9.4 ppHealth Technology · Jun 2026 · F −2 · RS +11.5 ppHealth Technology · Jul 2026 · F −2 · RS +17.1 ppHealth Technology · Aug 2026 · F −2 · RS +19.0 ppHealth Technology · Sep 2026 · F −3 · RS +12.8 ppHealth Technology · Oct 2026 · F −3 · RS +19.4 ppHealth Technology · Running ahead of earningsHealth TechnologyIndustrial Services · Nov 2025 · F +2 · RS −5.2 ppIndustrial Services · Dec 2025 · F −2 · RS −3.2 ppIndustrial Services · Jan 2026 · F −1 · RS −2.5 ppIndustrial Services · Feb 2026 · F −4 · RS −0.1 ppIndustrial Services · Mar 2026 · F −2 · RS −5.9 ppIndustrial Services · Apr 2026 · F −3 · RS −1.0 ppIndustrial Services · May 2026 · F −2 · RS +1.1 ppIndustrial Services · Jun 2026 · F −3 · RS +2.2 ppIndustrial Services · Jul 2026 · F −3 · RS −0.5 ppIndustrial Services · Aug 2026 · F −3 · RS −4.5 ppIndustrial Services · Sep 2026 · F −7 · RS +1.6 ppIndustrial Services · Oct 2026 · F −7 · RS −4.5 ppIndustrial Services · Confirmed weaknessIndustrial ServicesNon-Energy Minerals · Nov 2025 · F −1 · RS +0.6 ppNon-Energy Minerals · Dec 2025 · F +3 · RS +6.6 ppNon-Energy Minerals · Jan 2026 · F +3 · RS +10.8 ppNon-Energy Minerals · Feb 2026 · F +3 · RS +10.5 ppNon-Energy Minerals · Mar 2026 · F −0 · RS +7.8 ppNon-Energy Minerals · Apr 2026 · F −0 · RS +9.2 ppNon-Energy Minerals · May 2026 · F −0 · RS +17.3 ppNon-Energy Minerals · Jun 2026 · F +6 · RS +3.9 ppNon-Energy Minerals · Jul 2026 · F +7 · RS −8.3 ppNon-Energy Minerals · Aug 2026 · F +8 · RS −4.0 ppNon-Energy Minerals · Sep 2026 · F +1 · RS −3.8 ppNon-Energy Minerals · Oct 2026 · F +1 · RS −9.6 ppNon-Energy Minerals · Near centreNon-Energy MineralsProcess Industries · Nov 2025 · F +3 · RS −8.6 ppProcess Industries · Dec 2025 · F +3 · RS −10.5 ppProcess Industries · Jan 2026 · F +3 · RS −13.4 ppProcess Industries · Feb 2026 · F +3 · RS −12.8 ppProcess Industries · Mar 2026 · F +2 · RS −7.5 ppProcess Industries · Apr 2026 · F +2 · RS −3.4 ppProcess Industries · May 2026 · F +2 · RS +1.9 ppProcess Industries · Jun 2026 · F −0 · RS +4.7 ppProcess Industries · Jul 2026 · F −1 · RS +7.5 ppProcess Industries · Aug 2026 · F −1 · RS +9.5 ppProcess Industries · Sep 2026 · F +3 · RS +8.6 ppProcess Industries · Oct 2026 · F +3 · RS +1.4 ppProcess Industries · Near centreProcess IndustriesProducer Manufacturing · Nov 2025 · F −4 · RS −2.5 ppProducer Manufacturing · Dec 2025 · F −2 · RS −2.0 ppProducer Manufacturing · Jan 2026 · F −2 · RS −3.7 ppProducer Manufacturing · Feb 2026 · F −2 · RS +3.2 ppProducer Manufacturing · Mar 2026 · F −1 · RS −0.5 ppProducer Manufacturing · Apr 2026 · F −1 · RS +9.8 ppProducer Manufacturing · May 2026 · F −1 · RS +16.5 ppProducer Manufacturing · Jun 2026 · F −2 · RS +17.4 ppProducer Manufacturing · Jul 2026 · F −2 · RS +20.6 ppProducer Manufacturing · Aug 2026 · F −2 · RS +14.8 ppProducer Manufacturing · Sep 2026 · F −1 · RS +15.4 ppProducer Manufacturing · Oct 2026 · F −2 · RS +0.6 ppProducer Manufacturing · Near centreProducer ManufacturingRetail Trade · Nov 2025 · F +6 · RS −9.8 ppRetail Trade · Dec 2025 · F +6 · RS −13.7 ppRetail Trade · Jan 2026 · F +6 · RS −13.9 ppRetail Trade · Feb 2026 · F +8 · RS −19.3 ppRetail Trade · Mar 2026 · F +6 · RS −9.4 ppRetail Trade · Apr 2026 · F +6 · RS −3.1 ppRetail Trade · May 2026 · F +6 · RS −2.0 ppRetail Trade · Jun 2026 · F +6 · RS +6.2 ppRetail Trade · Jul 2026 · F +6 · RS +8.5 ppRetail Trade · Aug 2026 · F +5 · RS +9.0 ppRetail Trade · Sep 2026 · F +6 · RS +7.7 ppRetail Trade · Oct 2026 · F +6 · RS +0.2 ppRetail Trade · Near centreRetail TradeTechnology Services · Nov 2025 · F +3 · RS −6.9 ppTechnology Services · Dec 2025 · F +2 · RS −5.8 ppTechnology Services · Jan 2026 · F +2 · RS −0.5 ppTechnology Services · Feb 2026 · F +2 · RS −19.1 ppTechnology Services · Mar 2026 · F −1 · RS −10.1 ppTechnology Services · Apr 2026 · F −1 · RS −17.4 ppTechnology Services · May 2026 · F −1 · RS −18.1 ppTechnology Services · Jun 2026 · F +2 · RS −28.2 ppTechnology Services · Jul 2026 · F +2 · RS −21.2 ppTechnology Services · Aug 2026 · F +2 · RS +3.1 ppTechnology Services · Sep 2026 · F +2 · RS −8.9 ppTechnology Services · Oct 2026 · F +2 · RS +13.6 ppTechnology Services · Near centreTechnology ServicesTransportation · Nov 2025 · F +2 · RS +2.4 ppTransportation · Dec 2025 · F +3 · RS −4.2 ppTransportation · Jan 2026 · F +3 · RS −7.1 ppTransportation · Feb 2026 · F +4 · RS −0.3 ppTransportation · Mar 2026 · F +2 · RS −4.3 ppTransportation · Apr 2026 · F +1 · RS +0.4 ppTransportation · May 2026 · F +1 · RS +4.0 ppTransportation · Jun 2026 · F −0 · RS +12.2 ppTransportation · Jul 2026 · F −0 · RS +11.7 ppTransportation · Aug 2026 · F −1 · RS −0.6 ppTransportation · Sep 2026 · F +3 · RS +15.0 ppTransportation · Oct 2026 · F −0 · RS +8.4 ppTransportation · Near centreTransportationUtilities · Nov 2025 · F −8 · RS −5.3 ppUtilities · Dec 2025 · F −1 · RS −4.8 ppUtilities · Jan 2026 · F −1 · RS −5.7 ppUtilities · Feb 2026 · F −1 · RS +2.8 ppUtilities · Mar 2026 · F +2 · RS +4.5 ppUtilities · Apr 2026 · F +2 · RS +15.3 ppUtilities · May 2026 · F +2 · RS +24.3 ppUtilities · Jun 2026 · F +0 · RS +21.6 ppUtilities · Jul 2026 · F +0 · RS +18.5 ppUtilities · Aug 2026 · F +0 · RS +1.2 ppUtilities · Sep 2026 · F −5 · RS −0.3 ppUtilities · Oct 2026 · F −5 · RS −10.0 ppUtilities · Confirmed weaknessUtilities

Across: fundamental momentum. Up: relative strength vs the market, 6 months.

How to read this

Fundamental scores update in quarterly steps, so trails move sideways in jumps and vertically every month. A position within 3 points of the vertical axis or 1.5 pp of the horizontal axis is shown as Near centre. The Finance sector's horizontal position uses EPS growth only. Sectors need at least 5 ranked companies.

Sector positions use ApnaFunda's synthetic, market-cap-weighted sector indices (not NSE/BSE indices) built from today's constituents. Quadrant labels describe the past 6–12 months and do not predict future sector performance.

All terms explained in the glossary →

What moved

All sectors

SectorQuadrant now3 months agoMedian FRS (pp)Companies
Consumer DurablesConfirmed strengthNear centre59+3.460
Retail TradeNear centreConfirmed strength56+0.237
Distribution ServicesConfirmed strengthConfirmed strength55+12.722
Process IndustriesNear centreNear centre53+1.4248
Electronic TechnologyNear centreNear centre53+4.456
Technology ServicesNear centreNear centre52+13.687
Non-Energy MineralsNear centreImproving, not yet rewarded51−9.6101
Consumer Non-DurablesNear centreNear centre51−9.184
TransportationNear centreNear centre50+8.430
Health ServicesNear centreNear centre49+5.931
FinanceNear centreConfirmed weakness49−1.4217
Producer ManufacturingNear centreNear centre48+0.6265
Consumer ServicesRunning ahead of earningsNear centre47+3.857
Health TechnologyRunning ahead of earningsNear centre47+19.497
Energy MineralsConfirmed weaknessImproving, not yet rewarded47−12.921
CommunicationsRunning ahead of earningsConfirmed weakness46+8.59
Commercial ServicesRunning ahead of earningsNear centre46+3.133
UtilitiesConfirmed weaknessNear centre45−10.039
Industrial ServicesConfirmed weaknessNear centre43−4.565

See also: the Divergence Radar, which compares the same two scores company by company.

The Divergence Radar and Sector Rotation Map are mechanical screens computed from historical, publicly reported financial data and past share prices. Scores are relative rankings within the companies we cover, not ratings or forecasts. A divergence can persist or widen, and can reflect information not captured in reported numbers (guidance, one-off items, corporate actions, governance concerns). Fundamentals are lag-adjusted by an assumed 60 days and may be stale relative to the latest announcements. Coverage includes only currently listed companies above ₹500 cr market cap.

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