SENSEX BSE30 : Weakening of the configuration
After a strong surge in Indian equities at the beginning of 2019, the Sensex since its peak of 40,270 points has been steadily deteriorating.From this high at the end of May, the index dropped to over 8%, bringing the annual performance to a very low 2%. The most significant decreases, on this temporary sequence, concern the industrial sector with a 30% drop for Tata Motors and the banking sector symbolized by the collapse of Yes Bank (-50%) after the publications of coins quality.
In very isolated cases, some files have a positive track record, such as Infosys, with 14% gains.
Graphically, in daily data, prices return to the 36,470-point support line, a level that has been tested several times. A break in this area and the showing would open a new downward path towards the 35,000 points. It would take a quick return above 37650 points to return to a more positive pattern...
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