Pre-Market 3 June 2026: What To Expect After Nifty Ends 4-Day Losing Streak; GIFT Nifty Signals Weak Opening On Wednesday

Markets enter Wednesday's session after staging a modest recovery a day earlier. On 2 June 2026, the Sensex gained 383 points to close at 74,650, while the Nifty 50 ended 101 points higher at 23,484.

What Happened In Tuesday's Session?

Indian equities recovered from early weakness and finished higher as investors returned to select large-cap stocks.

The rebound came after benchmark indices had lost nearly 3% over the previous four trading sessions. Buying in major IT stocks helped lift sentiment, while value buying emerged in several frontline names.

Broader markets also ended in positive territory. The Nifty Midcap 100 rose 0.19%, while the Nifty Smallcap 100 added 0.40%.

Global Cues After Market Hours

Wall Street was mixed on Tuesday as investors digested a fresh round of AI-related announcements. On 2 June 2026, the Dow Jones Industrial Average index was up by 256.17 points to close at 51,335.05. The S&P 500 rose 11.87 points to 7,611.83, while the Nasdaq Composite index slipped 1.49 points to 27,085.32 after hitting a record high earlier.

In Europe, major indices ended higher. The CAC 40 rose to 8,209.09, while the FTSE 100 closed at 10,373.51.

In Asia, Japan's Nikkei 225 Index fell 200.09 points, or 0.30%, to 66,734.24. Hong Kong's Hang Seng Index jumped 640.14 points, or 2.52%, to 26,038.32.

GIFT Nifty Update

GIFT Nifty was trading at 23,485.50, down 94 points, or 0.40%, as of 21:07 IST on 2 June 2026. The movement suggests the market may not build much on Tuesday’s rebound when trading resumes on Wednesday.

Technical Levels To Watch

Nifty has bounced from recent lows, but the chart setup is yet to show a clear improvement.

• The first support is seen around 23,420.

• If that level gives way, the index could drift towards 23,200.

• On the upside, 23,600 remains the immediate hurdle.

Nifty is still trading below its 20-day exponential moving average, a sign that buyers have not fully regained control.

Also Read - Market Wrap, 2 June 2026

What Should Investors Expect Today?

Early signals point to a cautious start today. The focus is gradually shifting from earnings to broader economic triggers. Investors will keep an eye on RBI policy expectations, foreign fund flows and domestic macro data.

Market participants will also assess whether Tuesday’s rise was driven by genuine buying interest or simply a relief bounce after four straight sessions of losses.

Sources:

Mint

Reuters