Mumbai, Jul 2 (IANS): The key Indian equity indices closed in the red on Monday following weak global cues.

The indices, however, recovered major losses in the last hour of trade.

At 3.30 p.m., the broader Nifty50 of the National Stock Exchange (NSE) provisionally closed at 10,657.30 points -- down by 57 points or 0.53 per cent from its previous close of 10,714.30 points.

The barometer 30-scrip Sensex on the Bombay Stock Exchange (BSE), which had opened at 35,545.22 points, closed at 35,264.41 points (3.30 p.m.) -- lower by 159.07 points or 0.45 per cent from its previous session's close of 35,423.48 points.

Sensex touched a high of 35,578.24 points and a low of 35,106.57 during the intra-day trade. The BSE market breadth was bearish with 1,658 declines and 940 advances so far.

The top gainers on the Sensex were Asian Paints, Infosys, Vedanta, Bajaj Auto and ICICI Bank whereas Bharti Airtel, NTPC, Adani Ports, Hero MotoCorp and HDFC Bank were the major losers.

On the NSE, Infosys, Asian Paints and Titan were the highest gainers while Bharti Airtel, NTPC and Hindalco Industries lost the most.