''Indian markets are expected to open flat to positive tracking the trend in other markets. In the near term, volatility is likely to continue due to sharp fluctuations in energy and commodity prices along with ongoing concerns in the Chinese economy,'' said ICICIdirect.

Domestic markets tumbled due to a fresh bout of selling across Asia and Europe. Commodity prices plunged while US stock futures were sharply lower as weak manufacturing and services sector data out of China that added to concerns about a global growth slowdown.

US markets ended negative reflecting ongoing concerns about the global economy following the release of some disappointing Chinese economic data.

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