It does, but not at rest. I have to move it a bit. Is that normal? I guess I just thought it was supposed to be pointing to zero when it was straight up and down at rest.The indicator is designed to be pointing at zero (the small hand) when the long hand is facing straight up the the stem. That's the way they are made. If you move the stem so the long arm is straight up and down I think you'll find the small hand will be facing the zero.
Ted