Indian stock markets were trading on a flat note with a pessimistic bias.

Stock markets are likely to be jerky previous to the derivatives expiry in today's session.

At 9:51 a. m., the 30-share index Sensex was ruling 34 points down at 19,414.

In contrast, the broad based Nifty dropped 12 points to trade at 5,821.

Indian bourses have been discounting worldwide signals for the last two trading sessions.

Overnight, the Wall Street touched new peaks with Nasdaq climbing to 10-year highs.

The Fed stated that the rates of interest will continue to remain at near zero levels giving a boost to capitalists.

The majority of Asian bourses were ruling up today accompanying the growth on Wall Street.

Among sectoral indices, realty stocks headed the declining charts after declining around 1%. DB Realty and Unitech dipped over after the ED announced that it was in the process of seizing properties of firms involved in the 2G scam.

The ED has not revealed the names of these firms up till now.

Among the gainers' list, ONGC led the chart after surging 1.17%. ONGC has been growing after Goldman up-rated it to buy on April 27.

Sterlite and Bajaj Auto gained 0.5-1%. ICICI Bank was also ruling on a positive note ahead of results later today.

The major losers list comprised RComm, which declined 1%.

JSPL, Hero Honda, HDFC, RIL, Maruti and Jaiprakash Asso remained down by 0.5-1%.