``The markets are likely to open on a flat note taking cues from global markets. Most of the Asian stocks rose, with the regional benchmark index trading near its lowest level in more than two months, as materials producers and traders climbed on higher commodity prices and Citigroup Inc. upgraded global industrial shares to overweight. US stocks bounced back Wednesday after a five-day slide, bolstered by a strong start to the corporate-earnings season and a drop in Spanish and Italian government borrowing rates. On the macro front, the government will announce industrial output data for the month of February 2012 today,`` said SMC Global Research.
Markets may open on a flat note: