Markets Trade on a Flat Note

The Indian markets are witnessing volatile trades this morning as it marks the clearing day today. The Sensex at present trades in green on a flat note with a gain of mere 11 points at 16287 while the Nifty trades down by three points at 4884.The main draggers for the day are the Metal and Consumer Durables indices. However, some support is provided by the Oil & Gas, Auto and Healthcare indices. The broader markets are performing equally weak as the mid-cap index is at 6,201 down 0.44 per cent and the small-cap index is at 7,128, down 0.42%. The overall market breadth is positive as 1,014 stocks have advanced against 1491 declines. European stocks climbed for a fourth day as investors continued to weigh whether Federal Reserve policy makers meeting tomorrow will take action to help the economy. Asian stocks rose and U.S. futures swung between gains and losses.