Market has a spooky session on Friday the 13th

Selling pressure persisted at the National Stock Exchange (NSE) for a fourth straight day today following overnight release of dismal economic data, which spooked investor sentiment, leading the benchmark index CNX Nifty to drop another 69 points and end below 6,200 mark.
The eagerly awaited factory output and inflation data, released after market hours yesterday, cast a big shadow on the stock market.
Industrial production contracted 1.8 per cent in October compared with an expansion of 1.96 per cent in September and 8.4 per cent a year earlier.
Inflation measured by the consumer price index (CPI) rose to a nine-month high of 11.24 per cent in November from 10.17 in October, raising fears about RBI not lowering key interest rates at its policy meet next week.

The market is already feeling pressure from US Fed's expected rolling back of its bond-buying programme.
Rate-sensitive stocks bore the maximum brunt as Banks Index dropped by a hefty 268.60 points. FMCG, PSU, infra and pharma scrips, too, received a severe drubbing.

The 50-scrip Nifty hovered between a high of 6,208.60 and a low of 6,161.40 before closing at 6,168.40, showing a dip of 68.65 points, or 1.10 per cent, over the last close.
The bourses resumed weak, tracking macroeconomic data, amid high volatility. The market briefly trimmed losses but succumbed to selling pressure and ended sharply down.
Key losers were JP Associates, BHEL, ICICI Bank, PNB, UltraTech, IndusInd Bank, DLF, IDFC, Bank of Baroda and Hero Moto. Tata Motors, Wipro and M&M were among the few gainers.

Turnover in the cash segment climbed to Rs 10,389.51 crore from Rs 9,237.06 crore previously. A total of 5,118.67 lakh shares changed hands in 54,04,746 trades, while market capitalisation stood at Rs 66,11,969 crore.