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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)

Broad & strong since Nov 6, 2026

Most stocks are above their 200-day average and the index is trending up: a healthy, broad advance.

Broad & strongNarrow & strongBroad & weakNarrow & weak0%25%50%75%100%-20-10+0+10+20Breadth: % of stocks above their 200-dayStrength, %
55%of stocks above their 200-day (+41 pts in a month)
59%of market value above its 200-day
+4 ptsby weight minus by count: the largest stocks are stronger than the rest
+4.3%NIFTYBEES vs its 200-day
+1.3%NIFTYBEES over 3 months
+10.2%new 52-week highs minus lows
05010020222023202420252026

5 years by count by weight · band = state

-10+0+1020222023202420252026

Strength, 5 years cap-weighted (NIFTYBEES) equal-weighted (every stock one vote) · now +1.3 vs -0.2

Nifty Next 50 (JUNIORBEES)

Broad & weak since Nov 5, 2026

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.

Broad & strongNarrow & strongBroad & weakNarrow & weak0%25%50%75%100%-20-10+0+10+20Breadth: % of stocks above their 200-dayStrength, %
57%of stocks above their 200-day (+15 pts in a month)
67%of market value above its 200-day
+10 ptsby weight minus by count: the largest stocks are stronger than the rest
+2.5%JUNIORBEES vs its 200-day
-4.0%JUNIORBEES over 3 months
+4.3%new 52-week highs minus lows
05010020222023202420252026

5 years by count by weight · band = state

-10+0+10+20+3020222023202420252026

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.

LeadingFadingLaggingRecovering90951001051109095100105110Relative strength vs Nifty 50 (100 = its own 26-week average)Relative momentum (4-week change)AutoBanksFinancial servicesCommoditiesConsumptionFMCGPharmaITInfrastructureManufacturingPrivate banksPSU banks

Tails: the last 8 weeks, to Nov 6, 2026.

SectorNow8 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

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

ETFStateBreadth by countBreadth by weight1 month, pts Strength, cap-weightedStrength, equal-weighted
BSE500IETFNarrow & weak
44%
59%
+9
-2.1
-5.5
HDFCBSE500Narrow & weak
44%
60%
+9
-1.6
-5.5
HDFCSML250Narrow & weak
43%
54%
-4
-5.4
-5.6
MIDCAPETFNarrow & weak
44%
53%
+15
-4.6
-5.5
MIDCAPIETFNarrow & weak
44%
53%
+15
-4.8
-5.5
HDFCMID150Narrow & weak
43%
52%
+14
-6.3
-5.6
MID150BEESNarrow & weak
44%
53%
+16
-4.8
-5.5
MOHEALTHBroad & strong
66%
77%
+2
+1.5
+1.7
SETFBSE100Broad & weak
56%
63%
+32
+0.5
-2.2
HDFCNIF100Broad & weak
56%
64%
+30
-0.4
-2.0
MON100Narrow & weak
44%
45%
-19
-11.6
-7.3
LICNFNHGPBroad & weak
56%
62%
+29
-0.6
-1.8
NIF100IETFBroad & weak
56%
62%
+29
-0.9
-1.8
NIF100BEESBroad & weak
56%
62%
+30
+0.0
-1.9
LICNFNHGPBroad & weak
56%
62%
+29
+0.3
-1.8
NIF100BEESBroad & weak
56%
62%
+30
+0.2
-1.9
HNGSNGBEESNarrow & weak
42%
40%
+12
-9.0
-4.2
MOM100Narrow & weak
43%
54%
+13
-4.9
-5.1
MOM100Narrow & weak
43%
54%
+13
-4.3
-5.1
MAKEINDIANarrow & weak
47%
55%
+15
-4.8
-6.0
ESGBroad & strong
58%
63%
+32
+1.9
-2.7
MASPTOP50Broad & strong
51%
53%
-18
+20.2
-5.8
MASPTOP50Broad & strong
51%
53%
-18
+20.0
-5.8
SETFSN50Narrow & weak
52%
56%
+20
-4.0
-4.3
NIFTYIETFBroad & strong
55%
62%
+43
+1.3
-0.1
MOM50Broad & strong
57%
65%
+45
+1.4
-0.2
LICNETFN50Broad & weak
55%
62%
+43
+0.7
-0.1
SNXT50BEESBroad & weak
53%
57%
+20
-2.8
-4.1
QNIFTYBroad & weak
57%
66%
+45
-43.0
-0.2
NIFTYBEESBroad & 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.

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms