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Indian equity markets continued to trade in the red on Monday amid weak global cues. A total of 88 stocks hit 52-week high on the Bombay Stock Exchange, while 121 scrips were at fresh lows intraday.
Rohit Singre of LKP Securities said Nifty50 failed to cross above its immediate swing of 17,440 and the level would now act as immediate resistance for the index.