NIFTY50, SENSEX: Wall Street cues, Asian market, FII move, oil prices, key things to know before market opens on June 3

NSE data showed that the GIFT NIFTY futures were trading 0.06% lower at 23,477.50 points ahead of the stock market open on Wednesday, as investors expect the risk of potential losses in the early trading hours amid a lack of positive triggers from US-Iran negotiations.

The NIFTY50 index closed 0.43% or 100 points higher at 23,483.55 points after Tuesday’s trading session, compared to 23,382.60 points at the previous market close, as per NSE data.

The SENSEX index closed 0.52% or 382 points higher at 74,649.84 points after the trading session on June 2, compared to 74,267.34 points at the previous market close, as per the exchange data.

The tensions remained elevated in the global market as the latest reports from West Asia suggest that the United States carried out another “self-defence” military strike on Iran’s Qeshm Island.

Key focus of investors on Wednesday, June 3, will remain on monitoring the escalations in West Asia while keeping an eye out for any positive movement in the ongoing negotiations between the United States and Iran.

Key things to know before market opens today

Wall Street cues

The US stock market closed higher after its trading session on Tuesday, June 2, continuing its growth momentum, backed by the positive performance of tech companies operating in the artificial intelligence (AI) segment and easing concerns in the market.

The market sentiment was also fuelled by the latest Bureau of Labour Statistics data, which showed that the number of job openings in the United States increased by 731,000 to 7.6 million in April.

MarketWatch data showed that the Dow Jones Industrial Average closed 0.45% higher at 51,307.79 points. While the S&P 500 rose for the ninth straight day, closing 0.13% higher at 7,609.78 points, the Nasdaq Composite closed 0.03% higher at 27,093.90 points after the trading session on Tuesday.

Asian markets today

Stock market investors in Asia were trading based on the positive cues from the US market performance and the overall tech momentum in the global market, amid the geopolitical headwinds.

Despite the overall momentum, the investors remained cautious, closely monitoring the developments from West Asia.

Japan’s Nikkei 225 was trading 2.25% higher at 68,213.71 points, China’s Shanghai Composite was up 0.04% at 4,076,76 points, while the Singapore-based FTSE was up 0.81% at 5,138.67 points on Tuesday.

However, the Hong Kong-based Hang Seng was trading 1.09% lower at 25,757.12 points as the index was witnessing stock-specific action, in turn weighing down the investors' sentiment.

FII activity

NSE data showed that although the benchmark indices closed higher after the trading session on Tuesday, June 2, the foreign investors maintained their selling streak in domestic equities.

The data showed that the foreign institutional investors (FIIs) sold ₹8,362.92 crore worth of assets across the stock exchanges in a single day on Tuesday, while the domestic investors added support by purchasing ₹9,589.32 crore worth of assets, aiding the positive close.

NSDL data showed that in the first two days of June 2026, foreign portfolio investors (FPIs) sold ₹24,109 crore worth of assets across classes.

Crude oil prices today

Crude oil prices were trading at an elevated level above $96 per barrel (bbl) during the early market hours on Wednesday, June 3, as investors remained cautious amid the absence of the widely expected peace deal between the United States and Iran.

Investing.com data as of 7:49 am (IST) showed that Brent crude oil was trading 0.91% higher at $96.89 per bbl on Wednesday, compared to $95.77 per bbl at the previous commodity market close. On a weekly basis, the oil prices have risen 2.7% in the last five days.

The US-based WTI crude oil prices were trading 1% higher at $94.70 per bbl as of 7:50 am (IST) on June 3, compared to $93.76 per bbl at the previous market close, according to exchange data.

Gold prices today

The New York Mercantile Exchange-based COMEX data showed that the gold prices were trading 0.33% lower at $4,504 per ounce as of 10:11 pm (ET) in the United States, compared to $4,519.90 per ounce at the previous market close.

Gold prices were trading lower due to the subdued demand in the market, as investors focused on the higher rate of the benchmark US dollar. Traders are likely to buy less of the precious metals at an elevated dollar rate, weighing down the demand in the market.

The Bloomberg US dollar spot index (DYX) showed that the greenback was trading 0.01% lower at 99.208 on Tuesday evening, compared to the previous currency market close. Although the dollar was trading marginally in the red, the rate remains elevated due to the geopolitical uncertainity in the market, as global investors shift their investment away from riskier assets in the greenback.