Themes: which stories the market is buying

Every member, ranked

Ranked by momentum against all 128 markets in the section. The trend score beside it says whether each is rising in its own right; the ring shows where its momentum stood 13 weeks ago. The four squares are the signals at 1, 3, 6 and 12 months: blue when 3 or 4 of the 4 point up, red when 0 or 1 do.

How steady is the path?

Two markets can have the same trend score and very different paths. Efficiency measures how much of the last 63 sessions' travelled distance became net movement. Time above the 200-session average measures persistence; neither is a return forecast.

Start with a cross-section of economic, ownership, eligibility and real-asset themes. Other themes remain available below; their lower position does not mean they are duplicates or less attractive investments. The selector retains every available index.

How broad

The share of the family in an uptrend, week by week. Each member counts only from its launch date, so NSE's back-calculated histories do not fill the early years.

Regime history

Every member's uptrends (blue) and downtrends (red) since its history begins, sorted with today's uptrends first, longest-running at the top. 37 of 41 are back-calculated by NSE before their launch: that part is drawn lighter, with a dark tick at the launch. 3 have no usable launch date in NSE's factsheets and are drawn as published.

Is leadership rotating?

Of the 8 members with the strongest momentum 26 weeks ago, 4 are still among the top 8 today (Capital Markets, Energy, Midcap Liquid 15 and REITs & InvITs). Leadership has partly turned over. In the ranked list above, a long line from ring to dot is a market whose momentum has moved a long way in 13 weeks.

Then: Capital Markets, Energy, Midcap Liquid 15, REITs & InvITs, Commodities, CPSE, Aditya Birla Group, MNC. Now: IPO, SME Emerge, REITs & InvITs, Defence, Capital Markets, Midcap Liquid 15, Energy, Nifty500 Multicap India Manufacturing 50:30:20.

How to read this