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Caelion

Room 03 · Constellations · latest 15 Oct 2026

What moves together.

AUTOCAPITAL GOODSCEMENTFMCGFINANCIALSHEALTHCAREITMETALSENERGYPOWERAdani Enterprises Ltd. · Metals · 2 bondsAdani Ports and Special Economic Zone Ltd. · Services · 1 bondsApollo Hospitals Enterprise Ltd. · Healthcare · 2 bondsAsian Paints Ltd. · Durables · 1 bondsAxis Bank Ltd. · Financials · 2 bondsBSE Ltd. · Financials · 1 bondsBajaj Auto Ltd. · Auto · 1 bondsBajaj Finance Ltd. · Financials · 2 bondsBajaj Finserv Ltd. · Financials · 2 bondsBharat Electronics Ltd. · Capital goods · 2 bondsBharti Airtel Ltd. · Telecom · 1 bondsCipla Ltd. · Healthcare · 2 bondsCoal India Ltd. · Energy · 1 bondsDr. Reddy's Laboratories Ltd. · Healthcare · 1 bondsEicher Motors Ltd. · Auto · 1 bondsETERNALEternal Ltd. · Consumer svcs · 3 bondsGrasim Industries Ltd. · Cement · 2 bondsHCL Technologies Ltd. · IT · 2 bondsHDFC Bank Ltd. · Financials · 1 bondsHDFC Life Insurance Company Ltd. · Financials · 1 bondsHindalco Industries Ltd. · Metals · 1 bondsHINDUNILVR · 5Hindustan Unilever Ltd. · FMCG · 5 bondsICICIBANKICICI Bank Ltd. · Financials · 3 bondsITC Ltd. · FMCG · 1 bondsINFYInfosys Ltd. · IT · 3 bondsInterGlobe Aviation Ltd. · Services · 1 bondsJSW Steel Ltd. · Metals · 2 bondsJio Financial Services Ltd. · Financials · 2 bondsKotak Mahindra Bank Ltd. · Financials · 1 bondsLarsen & Toubro Ltd. · Construction · 2 bondsM&M · 4Mahindra & Mahindra Ltd. · Auto · 4 bondsMaruti Suzuki India Ltd. · Auto · 1 bondsMax Healthcare Institute Ltd. · Healthcare · 1 bondsNTPC Ltd. · Power · 1 bondsNestle India Ltd. · FMCG · 1 bondsOil & Natural Gas Corporation Ltd. · Energy · 2 bondsPower Grid Corporation of India Ltd. · Power · 1 bondsReliance Industries Ltd. · Energy · 2 bondsSBI Life Insurance Company Ltd. · Financials · 2 bondsSHRIRAMFIN · 6Shriram Finance Ltd. · Financials · 6 bondsState Bank of India · Financials · 2 bondsSun Pharmaceutical Industries Ltd. · Healthcare · 1 bondsTata Consultancy Services Ltd. · IT · 2 bondsTATACONSUMTata Consumer Products Ltd. · FMCG · 3 bondsTata Motors Passenger Vehicles Ltd. · Auto · 2 bondsTATASTEELTata Steel Ltd. · Metals · 3 bondsTech Mahindra Ltd. · IT · 2 bondsTitan Company Ltd. · Durables · 1 bondsTrent Ltd. · Consumer svcs · 1 bondsULTRACEMCO · 6UltraTech Cement Ltd. · Cement · 6 bondsABB India Ltd. · Capital goods · 1 bondsAdani Energy Solutions Ltd. · Power · 1 bondsAdani Green Energy Ltd. · Power · 1 bondsADANIPOWER · 6Adani Power Ltd. · Power · 6 bondsAMBUJACEMAmbuja Cements Ltd. · Cement · 3 bondsAvenue Supermarts Ltd. · Consumer svcs · 1 bondsBAJAJHLDNGBajaj Holdings & Investment Ltd. · Financials · 3 bondsBank of Baroda · Financials · 1 bondsBPCL · 4Bharat Petroleum Corporation Ltd. · Energy · 4 bondsBosch Ltd. · Auto · 1 bondsBritannia Industries Ltd. · FMCG · 2 bondsCG Power and Industrial Solutions Ltd. · Capital goods · 2 bondsCANBK · 5Canara Bank · Financials · 5 bondsCholamandalam Investment and Finance Company Ltd. · Financials · 1 bondsCUMMINSIND · 4Cummins India Ltd. · Capital goods · 4 bondsDLFDLF Ltd. · Realty · 3 bondsDivi's Laboratories Ltd. · Healthcare · 1 bondsGAIL (India) Ltd. · Energy · 2 bondsGodrej Consumer Products Ltd. · FMCG · 2 bondsHDFCAMC · 4HDFC Asset Management Company Ltd. · Financials · 4 bondsHindustan Aeronautics Ltd. · Capital goods · 2 bondsHindustan Zinc Ltd. · Metals · 1 bondsHitachi Energy India Ltd. · Capital goods · 1 bondsHyundai Motor India Ltd. · Auto · 1 bondsIndian Oil Corporation Ltd. · Energy · 2 bondsIndian Railway Finance Corporation Ltd. · Financials · 1 bondsJINDALSTELJindal Steel Ltd. · Metals · 3 bondsLTM Ltd. · IT · 1 bondsMAZDOCKMazagoan Dock Shipbuilders Ltd. · Capital goods · 3 bondsMuthoot Finance Ltd. · Financials · 2 bondsPidilite Industries Ltd. · Chemicals · 2 bondsPOLYCAB · 4Polycab India Ltd. · Capital goods · 4 bondsPower Finance Corporation Ltd. · Financials · 1 bondsPunjab National Bank · Financials · 1 bondsMOTHERSONSamvardhana Motherson International Ltd. · Auto · 3 bondsSiemens Energy India Ltd. · Capital goods · 1 bondsSIEMENS · 4Siemens Ltd. · Capital goods · 4 bondsSolar Industries India Ltd. · Chemicals · 1 bondsTVS Motor Company Ltd. · Auto · 1 bondsTata Capital Ltd. · Financials · 1 bondsTata Motors Ltd. · Capital goods · 2 bondsTata Power Co. Ltd. · Power · 1 bondsTorrent Pharmaceuticals Ltd. · Healthcare · 2 bondsUNIONBANKUnion Bank of India · Financials · 3 bondsVarun Beverages Ltd. · FMCG · 1 bondsVedanta Aluminium Metal Ltd. · Metals · 0 bondsVedanta Ltd. · Metals · 1 bondsVodafone Idea Ltd. · Telecom · 2 bondsWipro Ltd. · IT · 1 bondsZYDUSLIFEZydus Lifesciences Ltd. · Healthcare · 3 bonds
Now · Correlation
Week of 15 Oct 2026
Today: Risk-off

The Nifty 100, linked by how closely their weekly returns moved over the last 26 weeks. The map redraws every four weeks. Each stock keeps only its strongest bonds (a minimum spanning tree), so clusters show what actually trades as one. Bonds inside a sector hug the rim; bonds across sectors curve through the middle. Hover a star; click to open it.

  • Above its 200-day · below
  • Size: how many bonds
  • Same sector · across sectors
Average correlation · 26-week window
0.24Moving more as one

High readings mean stocks are trading as a block, typical of risk-off markets, when diversification works least.

Bonds within a sector

42% of links join two stocks from the same sector. The rest are bonds sector labels miss:

  • DLF ↔ HDFCAMCρ 0.83
  • SHRIRAMFIN ↔ M&Mρ 0.81
  • SHRIRAMFIN ↔ INDIGOρ 0.80
  • BPCL ↔ ULTRACEMCOρ 0.79
Hubs · most connected
42% of links are within one sector.