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The S&P BSE Sensex started on a cautious note on Friday, led by losses in ITC, HDFC Bank, TCS, RIL, and L&T.The Nifty50 came under pressure but was still trading above its crucial psychological support level of 7,650, supported by gains in IT, capital goods, consumer durable, and metal stocks.
India suffered a $3 billion loss to its economy from severe rainfall and flooding in November and early December, reinsurance broker Aon Benfield said in its monthly report on global catastrophes."New economic developments in Asia are taking place in flood plains and marsh lands with scant attention to drainage, thus increasing run-off and flooding."
The S&P BSE Sensex started on a cautious note on Friday, led by losses in ITC, HDFC Bank, TCS, RIL, and L&T.The Nifty50 came under pressure but was still trading above its crucial psychological support level of 7,650, supported by gains in IT, capital goods, consumer durable, and metal stocks. 
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