''Indian markets are expected to open flat backed by mixed global cues. Stock specific action can be seen as companies declare their Q4FY15 earnings. Investors are advised to continue their staggered buying approach to build the long term portfolio,'' said ICICIdirect.

Domestic markets ended the session in the negative territory as investors continued to book profit on worries that strength in the rupee after inflation data may persist and hurt revenues.

US markets ended slightly lower partly reflecting uncertainty about the near-term outlook for the markets following the upward move seen over the past two weeks.

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