European stocks opened lower as markets digest hawkish comments from US Federal Reserve officials. European stocks started the trading day in lackluster fashion, similarly to Asia, where stocks traded mixed as investors reacted to the latest remarks from Fed officials indicating a forthcoming hike in interest rates.
The market is still rangebound with the Nifty hovering around 8750. The 50-share index is down 15.90 points or 0.2 percent while the Sensex is down 56.93 points or 0.2 percent at 28277.62. Asian Paints, Tata Motors, SBI, HUL and Maruti are top gainers while ONGC, Axis Bank, M&M, Bajaj Auto and Hero MotoCorp are losers in the Sensex.
