India Market Regime
Where each market sits on two questions: are most stocks taking part (breadth: the share above their 200-day average) and is the index itself trending up (strength). As of Nov 6, 2026.
Nifty 50 (NIFTYBEES)
Most stocks are above their 200-day average and the index is trending up: a healthy, broad advance.
5 years by count by weight · band = state
Strength, 5 years cap-weighted (NIFTYBEES) equal-weighted (every stock one vote) · now +1.3 vs -0.2
Nifty Next 50 (JUNIORBEES)
Most stocks are still above their 200-day average but the index has stalled or slipped: the leaders are fading while the rest hold up.
5 years by count by weight · band = state
Strength, 5 years cap-weighted (JUNIORBEES) equal-weighted (every stock one vote) · now -4.0 vs -3.3
Sector rotation
Each sector against the Nifty 50. Across: is it beating the market compared with its own recent average (right of 100 = yes). Up: has that reading risen or fallen lately (above 100 = risen). Sectors tend to travel clockwise: Recovering, Leading, Fading, Lagging.
Tails: the last 20 days, to Nov 6, 2026.
| Sector | Now | 20 trading days ago |
|---|---|---|
| Banks | Fading | Leading |
| Pharma | Fading | Fading |
| IT | Fading | Recovering |
| Private banks | Fading | Leading |
| Commodities | Recovering | Lagging |
| Consumption | Recovering | Fading |
| Infrastructure | Recovering | Lagging |
| Auto | Lagging | Fading |
| Financial services | Lagging | Leading |
| FMCG | Lagging | Recovering |
| Manufacturing | Lagging | Fading |
| PSU banks | Lagging | Leading |
Tails: the last 8 weeks, to Nov 6, 2026.
| Sector | Now | 8 weeks ago |
|---|---|---|
| IT | Leading | Lagging |
| Banks | Fading | Leading |
| Pharma | Fading | Leading |
| Private banks | Fading | Leading |
| Auto | Lagging | Fading |
| Financial services | Lagging | Leading |
| Commodities | Lagging | Recovering |
| Consumption | Lagging | Fading |
| FMCG | Lagging | Lagging |
| Infrastructure | Lagging | Recovering |
| Manufacturing | Lagging | Leading |
| PSU banks | Lagging | Recovering |
Tails: the last 8 months, to Nov 6, 2026.
| Sector | Now | 8 months ago |
|---|---|---|
| Banks | Leading | Lagging |
| IT | Leading | Recovering |
| Private banks | Leading | Lagging |
| Auto | Fading | Fading |
| Consumption | Fading | Leading |
| Pharma | Fading | Leading |
| Infrastructure | Fading | Leading |
| Financial services | Recovering | Lagging |
| Commodities | Lagging | Leading |
| FMCG | Lagging | Leading |
| Manufacturing | Lagging | Fading |
| PSU banks | Lagging | Fading |
Leading: beating the market and pulling further ahead. Fading: still ahead but losing pace. Lagging: behind and still falling back. Recovering: behind but closing the gap. Daily compares with the last 6 months, weekly with 26 weeks, monthly with 12 months. Each Indian sector is built from the holdings of its sector ETF, weighted by market value, and compared with the Nifty 50 built the same way.
Indian ETFs
| ETF | State | Breadth by count | Breadth by weight | 1 month, pts | Strength, cap-weighted | Strength, equal-weighted |
|---|---|---|---|---|---|---|
| BSE500IETF | Narrow & weak | 44% |
59% |
+9 | -2.1 |
-5.5 |
| HDFCBSE500 | Narrow & weak | 44% |
60% |
+9 | -1.6 |
-5.5 |
| HDFCSML250 | Narrow & weak | 43% |
54% |
-4 | -5.4 |
-5.6 |
| MIDCAPETF | Narrow & weak | 44% |
53% |
+15 | -4.6 |
-5.5 |
| MIDCAPIETF | Narrow & weak | 44% |
53% |
+15 | -4.8 |
-5.5 |
| HDFCMID150 | Narrow & weak | 43% |
52% |
+14 | -6.3 |
-5.6 |
| MID150BEES | Narrow & weak | 44% |
53% |
+16 | -4.8 |
-5.5 |
| MOHEALTH | Broad & strong | 66% |
77% |
+2 | +1.5 |
+1.7 |
| SETFBSE100 | Broad & weak | 56% |
63% |
+32 | +0.5 |
-2.2 |
| HDFCNIF100 | Broad & weak | 56% |
64% |
+30 | -0.4 |
-2.0 |
| MON100 | Narrow & weak | 44% |
45% |
-19 | -11.6 |
-7.3 |
| LICNFNHGP | Broad & weak | 56% |
62% |
+29 | -0.6 |
-1.8 |
| NIF100IETF | Broad & weak | 56% |
62% |
+29 | -0.9 |
-1.8 |
| NIF100BEES | Broad & weak | 56% |
62% |
+30 | +0.0 |
-1.9 |
| LICNFNHGP | Broad & weak | 56% |
62% |
+29 | +0.3 |
-1.8 |
| NIF100BEES | Broad & weak | 56% |
62% |
+30 | +0.2 |
-1.9 |
| HNGSNGBEES | Narrow & weak | 42% |
40% |
+12 | -9.0 |
-4.2 |
| MOM100 | Narrow & weak | 43% |
54% |
+13 | -4.9 |
-5.1 |
| MOM100 | Narrow & weak | 43% |
54% |
+13 | -4.3 |
-5.1 |
| MAKEINDIA | Narrow & weak | 47% |
55% |
+15 | -4.8 |
-6.0 |
| ESG | Broad & strong | 58% |
63% |
+32 | +1.9 |
-2.7 |
| MASPTOP50 | Broad & strong | 51% |
53% |
-18 | +20.2 |
-5.8 |
| MASPTOP50 | Broad & strong | 51% |
53% |
-18 | +20.0 |
-5.8 |
| SETFSN50 | Narrow & weak | 52% |
56% |
+20 | -4.0 |
-4.3 |
| NIFTYIETF | Broad & strong | 55% |
62% |
+43 | +1.3 |
-0.1 |
| MOM50 | Broad & strong | 57% |
65% |
+45 | +1.4 |
-0.2 |
| LICNETFN50 | Broad & weak | 55% |
62% |
+43 | +0.7 |
-0.1 |
| SNXT50BEES | Broad & weak | 53% |
57% |
+20 | -2.8 |
-4.1 |
| QNIFTY | Broad & weak | 57% |
66% |
+45 | -43.0 |
-0.2 |
| NIFTYBEES | Broad & strong | 55% |
62% |
+43 | +1.3 |
-0.2 |
6 months. Breadth: share of holdings above their 200-day average, by count and by weight (dashed: 50%). Strength: the ETF itself (cap-weighted) and its holdings averaged equally (dashed: 0); each pair shares a scale. Strength is the weaker of the distance above the 200-day average and the 3-month return, in %.
How to read it
Breadth (across) is the share of a market's stocks above their 200-day average: how many are taking part. Strength (up) is the weaker of the index's distance above its own 200-day average and its 3-month return, so it is positive only when the index is above that average and rising. The line on the map is the last 3 months; the large dot is today.
Breadth is shown two ways. By count, every stock is one vote. By weight, each counts by market value. When the two split, the index is being carried (or dragged) by its largest companies.
A state changes only on a clear break (breadth past 53% or below 47%, strength past ±1%), so a reading sitting on the line does not flip it every day.
History uses today's members, so stocks removed or delisted since are missing, which flatters older readings. Prices adjusted for splits and dividends; market values roll the last reported quarterly value forward with the share price. Indian index members come from the holdings of the index ETFs (NIFTYBEES, JUNIORBEES). This describes the market as it is, not a forecast.