** India's benchmark indexes muted after fluctuating between gains and losses earlier; Nifty .NSEI up 0.2%, while Sensex .BSESN up 0.1%

** Benchmarks fell up to 0.7% and rose 0.5% earlier

** Indexes taking cues from global markets as rally driven by U.S.-China trade truce and soft inflation data paused

** Wobbling dollar aids metals .NIFTYMET, while Hero MotoCorp HRMO.NS leads auto stocks higher after positive commentary

** Markets likely to consolidate in the remaining sessions this month rather than continue with a momentum-driven, one-way trend seen over the past few weeks, says R Janakiraman, chief investment officer of equity of India at Franklin Templeton Asset Management

** Broader small- .NIFSMCP100 and mid-caps .NIFMDCP100 rise 0.4% and 0.2%, respectively

(Reporting by Vivek Kumar M and Bharath Rajeswaran)

((VivekKumar.M@thomsonreuters.com;))