''Markets are expected to open negative on the back of negative global cues. Going ahead, stock specific activity will pick up steam as Q4FY15 earnings season gathers momentum. Investors are advised to adapt buy on dips strategy to build the long term portfolio,'' said ICICIdirect.

Domestic markets ended negative as global rating agency S&P stated that policy logjam and red tape have hindered investments in India. US markets ended negative partly due to sell-off in Chinese futures and as report from labour department showed that consumer prices rose lower than expectation for the month of March.

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