''Indian markets may open negative today on the back of negative global cues. However, the market would shift focus to the Q4FY15 earnings season for direction this month. Investors are advised to continue the staggered buying approach to build a long term portfolio,'' said ICICIdirect.

Domestic markets ended negative as traders booked profit in the second half of the day on renewed concerns of tensions in the Middle East along with expensive valuations of domestic stocks.

US markets ended negative due to renewed worries on the outlook for interest rates along with lower-than-expected 'Chicago business activity' data for March.

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