Sensex snaps two-day rally amid global weakness, falls 187 points

Weak US consumer data and hawkish comments from the Fed's policymakers hammered investor risk appetite

Equity benchmarks retreated on Thursday after a two-day rally, mirroring a weak trend overseas after lacklustre US consumer data fanned fresh concerns over global growth.

A weak rupee and foreign fund outflows further weighed on sentiment, traders said.

The 30-share BSE Sensex dropped 187.31 points or 0.31 per cent to settle at 60,858.43. During the day, it tumbled 329.19 points or 0.53 per cent to 60,716.55. The broader NSE Nifty dipped 57.50 points or 0.32 per cent to end at 18,107.85.

Asian Paints was the