Stock Market Predictions for Tomorrow 3 June 2026: Nifty IT Rally, Key Levels and Analyst Views

The stock market predictions for tomorrow 3 June 2026 are cautiously bullish after Indian equity markets staged a powerful intraday recovery on 2 June 2026. Nifty 50 opened sharply lower at 23,229.15 on GIFT Nifty weakness, but recovered 328 points off the session low to close at 23,483.55 (+0.43%), finishing above the June 2026 June 1 closing level of 23,382.6. The defining story was Nifty IT surging 4.23 per cent to 31,116.55, led by Infosys which gained +5.68% to Rs 1,270.80. Stock market predictions for tomorrow are shaped by this decisive IT-led bounce, a significant moderation in FII selling, and the Wipro buyback record date approaching on June 5, 2026.

The market’s ability to recover from a gap-down open of 23,229.15 to close at 23,483.55 is a technically bullish signal that forms the base for the stock market predictions for tomorrow. FII net selling moderated sharply to Rs 3,911.68 crore on June 1 from Rs 21,105.86 crore on May 29, the most significant positive datapoint in recent sessions. Ankit Jaiswal, Senior Research Analyst at Univest, and Kunal Singla, Associate Director at Univest, have prepared these stock market predictions for tomorrow using live Kite data from 2 June 2026, global market cues, FII flow analysis, and sector-specific triggers. All analysis is educational and not investment advice.

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Today’s Market Recap: What Sets Up the Stock Market Predictions for Tomorrow

• Nifty 50 Close: 23,483.55 (+0.43%) | Open 23,229.15 | High 23,556.95 | Low 23,229.15 | Recovery of 328 pts from intraday low | Bullish reversal candle
• Sensex: 74,649.84 (+0.52%) | Bank Nifty: 53,714.65 (+0.13%) | Nifty IT: 31,116.55 (+4.23%) | India VIX: ~16.9
• Top Gainers: Infosys +5.68% | DLF +2.03% | Adani Enterprises +2.02% | Wipro +1.66% | Hindustan Copper +1.16% | ITC +1.29%
• Top Losers: NTPC -2.98% | Axis Bank -1.94% | REC -1.92% | Biocon -2.08% | Piramal Finance -1.36% | ICICI Bank -1.06%
• FII (June 1): Net SOLD Rs 3,911.68 crore (sharply moderated from Rs 21,105.86 crore on May 29) | DII (June 1): Net BOUGHT Rs 5,109.13 crore
• Key Observation: Financial services sector extended losses for the fifth consecutive session even as the broader market recovered. Nifty IT vs Nifty Bank divergence reached its widest gap in 2026.

The 2 June 2026 session confirmed the two-speed Indian equity market: IT stocks in a powerful bull run on agentic AI deal momentum and the Wipro buyback event, while banking, power finance, and PSU stocks face the fifth consecutive session of institutional selling. The stock market predictions for tomorrow 3 June 2026 hinge on whether the IT-led recovery broadens to include banking and PSU names, or remains a narrow sector event.

Nifty 50 Stock Market Predictions for Tomorrow 3 June 2026

Trend: Cautiously Bullish | Estimated GIFT Nifty: ~23,560.0 (+76.45 pts, +0.33%) based on June 1 Dow Jones at 51,032.46 (+0.72%) and Nasdaq at 26,972.62 (+0.21%)

Support 1: 23,350 (June 2 intraday support zone) | Support 2: 23,232 (5paisa technical level)

Resistance 1: 23,556 (June 2 high) | Resistance 2: 23,650 (June 1 open level)

Ankit Jaiswal, Senior Research Analyst at Univest, observes that the stock market predictions for tomorrow 3 June 2026 carry a cautiously bullish bias after Nifty 50 formed a strong bullish reversal candle on 2 June 2026. The index opened at 23,229.15, a gap-down of 153 points from June 1 close, but closed at 23,483.55, recapturing the June 1 closing level entirely. Jaiswal notes that the intraday recovery of 328 points from the session low of 23,229.15 to the high of 23,556.95 is a classic oversold bounce signal. The RSI, which had fallen toward 38 on June 1, recovered above 42 on 2 June 2026, indicating momentum reversal.

For the stock market predictions for tomorrow, Jaiswal places 23,350 as the critical support. A gap-up open near 23,540 to 23,570 on 3 June that holds above 23,450 in the first 15-minute candle confirms bullish momentum toward 23,556 (June 2 high) and then 23,650. The Wipro buyback record date on June 5 keeps IT sector institutional buying active through 3 June, providing the primary support for tomorrow’s positive setup.

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Bank Nifty Prediction for Tomorrow 3 June 2026

Trend: Cautiously Bearish | 2 June Close: 53,714.65 (+0.13%)

Support: 53,120 (June 2 intraday low) and 52,699 | Resistance: 53,933 (June 2 high) and 54,100

Kunal Singla, Associate Director at Univest, observes that Bank Nifty’s +71.55 point gain on 2 June 2026 is deceptive at the headline level. Financial services have declined for five consecutive sessions with ICICI Bank at Rs 1,226.6 (-1.06%), Axis Bank at Rs 1,251.1 (-1.94%), and Bajaj Finance at Rs 882.0 (-0.79%). The broader bank index gained marginally as Wipro and IT-adjacent financials provided offset. Singla places 53,120 as the critical immediate support in the stock market predictions for tomorrow for banking.

For 3 June, Singla’s stock market predictions for tomorrow in the banking space are neutral to mildly bullish only if HDFC Bank reclaims Rs 752 and holds above the June 2 high level. The moderation of FII selling from Rs 21,106 crore to Rs 3,912 crore is a key positive that may accelerate a banking sector recovery if it continues on June 2 data released during the June 3 session.

Global Cues Affecting Stock Market Predictions for Tomorrow 3 June 2026

• Dow Jones June 1 Close: 51,032.46 (+0.72%): Dow’s gain provides a positive backdrop for the GIFT Nifty estimate of +76 points. This is the primary global positive in the stock market predictions for tomorrow 3 June 2026.
• Nasdaq June 1: 26,972.62 (+0.21%): Nasdaq strength directly correlates with India’s IT sector. Nifty IT’s 4.23 per cent surge on 2 June 2026 was amplified by overnight Nasdaq gains and the Wipro buyback structural buying ahead of the June 5 record date.
• Nikkei June 1: 66,934.33 (+0.91%): Asian market strength on June 1 supported the Indian market’s intraday recovery on 2 June 2026 from the gap-down open of 23,229.15.
• US-Iran Deal and Crude Oil: Continued progress on the US-Iran nuclear framework keeps MCX Crude Oil below Rs 8,700 per barrel, reducing India’s import bill and supporting the rupee. Lower crude is a structural positive for Indian equities in the stock market predictions for tomorrow.
• IMD Monsoon Update: The below-normal monsoon forecast continues to weigh on PSU power, metals, and FMCG stocks. Any positive monsoon update before 3 June open would be the wildcard catalyst that broadens the recovery beyond IT in the stock market predictions for tomorrow.

Key Events and Triggers for Stock Market Predictions for Tomorrow 3 June 2026

• Wipro Buyback Record Date (June 5, Rs 250/share): With record date just two trading sessions away, institutional buying in Wipro at Rs 204 to Rs 210 remains structurally intact through 3 June. The 21 per cent premium to current price creates the strongest floor in the stock market predictions for tomorrow.
• Anand Rathi Wealth Bonus (Ex-Date: 3 June): Anand Rathi Wealth has a 1:1 bonus share ex-date on 3 June itself. This creates event-driven intraday activity in the stock and its financial sector peers.
• FII June 2 Data Release: FII provisional data for June 2 will be available during the June 3 session. If FII selling continues to moderate from the Rs 3,912 crore June 1 figure, it is the single most bullish catalyst for the stock market predictions for tomorrow 3 June 2026.
• Infosys Gen AI Deal Watch: After a +5.68% surge to Rs 1,270.80 on 2 June 2026, the market is positioned for Infosys to announce its own large-scale agentic AI deal. Any such announcement before or during the 3 June session would push Nifty IT above 31,290.
• NTPC and REC Oversold Bounce: NTPC at Rs 367.40 (-2.98%) and REC at Rs 325.05 (-1.92%) are in deeply oversold territory after five consecutive weak sessions. A technical bounce in power PSUs on 3 June could provide additional Nifty support beyond IT.

Sectors to Watch in Stock Market Predictions for Tomorrow 3 June 2026

• Information Technology (Strongly Bullish): Nifty IT gained 4.23 per cent on 2 June 2026, the largest single-day IT rally of 2026. Infosys at Rs 1,270.80 (+5.68%) and Wipro at Rs 209.84 (+1.66%) lead the sector. IT is the primary sector to watch in the stock market predictions for tomorrow as the Wipro buyback record date on June 5 maintains structural institutional buying.
• Private Banking (Cautious, Recovery Watch): HDFC Bank at Rs 748.25 (+0.75%) showed early signs of stability on 2 June 2026. If FII selling continues to moderate, HDFC Bank reclaiming Rs 752 would be the recovery trigger for the banking sector in stock market predictions for tomorrow.
• PSU Power (Oversold Bounce Potential): NTPC (-2.98%), REC (-1.92%), and Power Grid have been among the weakest Nifty 50 stocks for five sessions. RSI for these names is near 30, creating a technical oversold bounce opportunity in the stock market predictions for tomorrow even without a fundamental catalyst.

Analyst Watchlist: Stocks to Watch for 3 June 2026

Ankit Jaiswal, Senior Research Analyst at Univest, has flagged Infosys, Wipro, and DLF as the three primary watchlist names for 3 June 2026. Infosys surged 5.68 per cent on 2 June to Rs 1,270.80, its largest single-day gain in months, on continued agentic AI deal momentum and institutional accumulation ahead of the Wipro buyback record date on June 5. DLF gained 2.03 per cent on 2 June as real estate stocks rebounded alongside the broader recovery. HDFC Bank at Rs 748.25 is the cautious bullish pick, as the banking sector shows early signs of stabilisation after five consecutive weak sessions. Kunal Singla, Associate Director at Univest, flags NTPC (Rs 367.40, -2.98%), Axis Bank (-1.94%), and REC (-1.92%) as the three avoids for 3 June. NTPC is approaching technically oversold territory and may see a dead-cat bounce, but Singla advises waiting for a clear reversal signal above Rs 375 before considering any long position. Biocon at Rs 416.80 (-2.08%) faces continued headwinds from US biosimilar pricing and Biologics restructuring, making it the highest-risk name on the June 3 watchlist.

Stock Market Prediction Strategy for Traders on 3 June 2026

1. Lead with Infosys and IT: The stock market predictions for tomorrow are IT-anchored. Infosys at Rs 1,240 support and Wipro at Rs 204 support are the two entry levels Ankit Jaiswal of Univest has flagged. Do not fade the IT rally with Wipro buyback creating structural demand.

2. Watch the Gap-Up Quality: A gap-up open near 23,540 to 23,570 on 3 June must hold above 23,450 in the first 15-minute candle to confirm bullish momentum. The June 2 reversal pattern shows the market can absorb gap-downs, but gap-up fades repeat the June 1 bearish pattern.

3. Banking Entry Only on Confirmation: Kunal Singla of Univest advises entering HDFC Bank or ICICI Bank only after FII June 2 data shows further moderation. Axis Bank and Bajaj Finance remain sell-on-rise candidates until the five-session decline pattern breaks.

4. NTPC Oversold Bounce Play: NTPC at Rs 367.40 after five weak sessions is approaching a technical floor. A bounce above Rs 375 would confirm a dead-cat bounce opportunity within the cautiously bullish stock market predictions for tomorrow framework.

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What Market Sentiment Indicates for Stock Market Predictions for Tomorrow 3 June 2026

Market sentiment for the stock market predictions for tomorrow 3 June 2026 has shifted from bearish to cautiously bullish on the back of three concurrent positive signals from 2 June 2026: the technical reversal in Nifty 50, the Nifty IT surge of 4.23 per cent, and the sharp moderation in FII selling from Rs 21,106 crore to Rs 3,912 crore.

Ankit Jaiswal of Univest notes that the VIX at ~16.9 on 2 June 2026 reflects declining panic even as the market opened gap-down. A VIX declining on a gap-down day means institutional selling is disciplined and not panic-driven. Jaiswal identifies the RSI recovery from 38 to 42 in a single session as the most important technical indicator for the stock market predictions for tomorrow, as it suggests the oversold correction from May’s lows is complete.

Kunal Singla of Univest flags the FII selling moderation as the structural game-changer. In his stock market predictions for tomorrow analysis, Singla notes that May’s total FII outflow of Rs 34,857 crore was one of the five largest monthly selloffs in Indian market history. The June moderation to Rs 3,912 crore on June 1 suggests the FII reset cycle is beginning. If June 2 FII data shows continued moderation, Singla expects the stock market predictions for tomorrow to turn decisively bullish with Nifty targeting 23,650 to 23,750.

The DII buying of Rs 5,109 crore on June 1 and the cumulative May DII buying of over Rs 65,000 crore confirm that domestic institutions remain the anchor for these stock market predictions for tomorrow. Monthly SIP flows above Rs 25,000 crore in May 2026 sustain DII buying capacity regardless of global risk-off events.

Risks to Stock Market Predictions for Tomorrow 3 June 2026

• IT Rally Reversal: Nifty IT at 31,116.55 (+4.23%) is technically extended after four consecutive outperforming sessions. Any negative news on the Wipro buyback or Infosys deal pipeline would sharply reverse the primary positive in the stock market predictions for tomorrow.
• Banking Sector Overhang: Five consecutive sessions of financial sector weakness with ICICI Bank (-1.06%), Axis Bank (-1.94%), and Bajaj Finance (-0.79%) on 2 June 2026 could continue if FII June 2 data does not show further moderation in the stock market predictions for tomorrow.
• Monsoon Escalation: A deficient monsoon forecast upgrade from IMD before 3 June open would trigger a second wave of PSU power, metals, and FMCG selling that could overpower the IT-led recovery in the stock market predictions for tomorrow.
• Gap-Up Fade Risk: June 1 and June 2 both saw gap-down reversals. If 3 June follows the opposite pattern of a gap-up that fades, it would signal distribution at higher levels and turn the stock market predictions for tomorrow bearish toward 23,350.

Conclusion: Stock Market Predictions for Tomorrow 3 June 2026

The stock market predictions for tomorrow 3 June 2026 are cautiously bullish after Nifty 50 closed at 23,483.55 (+0.43%) on 2 June 2026, recording a powerful intraday reversal of 328 points. Nifty IT surged 4.23 per cent to 31,116.55 led by Infosys (+5.68%) as agentic AI momentum and Wipro buyback (record date June 5 at Rs 250) keep IT structurally bid. Sensex closed at 74,649.84 (+0.52%) and Bank Nifty at 53,714.65 (+0.13%).

Ankit Jaiswal of Univest identifies 23,350 as Nifty support and 23,556 as resistance for the stock market predictions for tomorrow. Kunal Singla of Univest flags FII selling moderation from Rs 21,106 crore to Rs 3,912 crore as the key structural positive. Watchlist for 3 June: Infosys (support Rs 1,240), Wipro (support Rs 204), DLF (support Rs 578), HDFC Bank (support Rs 740). Avoid Axis Bank, NTPC, and REC until five-session decline reverses. All stock market predictions for tomorrow are educational only. Consult a SEBI-registered advisor before placing any trade.

Investments in securities are subject to market risk. This content is for educational purposes only and does not constitute investment advice.

Frequently Asked Questions

What are the stock market predictions for tomorrow 3 June 2026?

Ans. The stock market predictions for tomorrow 3 June 2026 are cautiously bullish. Nifty 50 closed at 23,483.55 (+0.43%) on 2 June 2026 with a strong intraday recovery of 328 points. Nifty IT surged 4.23 per cent led by Infosys +5.68%. FII selling moderated to Rs 3,912 crore from Rs 21,106 crore. Nifty support is at 23,350 and resistance at 23,556.

What is the tomorrow nifty prediction for 3 June 2026?

Ans. The tomorrow nifty prediction for 3 June 2026 is cautiously bullish. Ankit Jaiswal of Univest and Kunal Singla of Univest place 23,350 as the Nifty 50 support for the stock market predictions for tomorrow. A gap-up open near 23,540 that holds above 23,450 in the first 15 minutes targets 23,556 and 23,650. The Wipro buyback record date on June 5 sustains IT buying through the session.

Why did Nifty IT surge on 2 June 2026?

Ans. Nifty IT surged 4.23 per cent on 2 June 2026 because of two catalysts: the continued momentum from the Wipro-ServiceNow agentic AI deal announced in late May, and institutional accumulation ahead of Wipro’s Rs 15,000 crore buyback at Rs 250 per share with a record date of June 5. Infosys gained 5.68 per cent on market expectations of its own AI deal announcements. This IT rally forms the backbone of the stock market predictions for tomorrow.

What is the market prediction for tomorrow for Bank Nifty on 3 June 2026?

Ans. The market prediction for tomorrow for Bank Nifty on 3 June 2026 is cautiously bearish. Bank Nifty closed at 53,714.65 (+0.13%) on 2 June 2026, with financial services declining for the fifth consecutive session. ICICI Bank fell -1.06 per cent and Axis Bank fell -1.94 per cent. Kunal Singla of Univest advises waiting for HDFC Bank to reclaim Rs 752 before entering banking longs in the stock market predictions for tomorrow.

What is the univest analyst stock market view for 3 June 2026?

Ans. The Univest analyst stock market view for 3 June 2026 is cautiously bullish. Ankit Jaiswal identifies the intraday recovery of 328 points on 2 June 2026 and Nifty IT’s 4.23 per cent surge as the primary bullish signals in the stock market predictions for tomorrow. Kunal Singla flags FII selling moderation from Rs 21,106 crore to Rs 3,912 crore as the structural game-changer. Both analysts flag Wipro buyback (June 5) as the key event keeping IT sector bid.

Which stocks to watch for tomorrow 3 June 2026?

Ans. Key stocks to watch for 3 June 2026 per Ankit Jaiswal and Kunal Singla of Univest: Infosys (support Rs 1,240, AI momentum +5.68%), Wipro (support Rs 204, buyback June 5), DLF (support Rs 578, +2.03% on 2 June 2026), HDFC Bank (support Rs 740, recovery play), and NTPC (oversold bounce watch above Rs 375). These are the primary names in the stock market predictions for tomorrow 3 June 2026.

What does the FII data mean for the stock market predictions for tomorrow?

Ans. FII net selling moderated sharply to Rs 3,912 crore on June 1 from Rs 21,106 crore on May 29. This moderation is the most important structural positive in the stock market predictions for tomorrow. If FII selling continues to moderate on June 2 data (released during June 3 session), Kunal Singla of Univest expects the stock market predictions for tomorrow to turn decisively bullish with Nifty targeting 23,650 to 23,750.

What are the key support and resistance levels in the nifty prediction for tomorrow 3 June 2026?

Ans. The key support levels in the nifty prediction for tomorrow 3 June 2026 are 23,350 (June 2 intraday support zone) and 23,232 (secondary). Resistance levels are 23,556 (June 2 session high) and 23,650 (June 1 open level). Ankit Jaiswal of Univest identifies 23,350 as the make-or-break level for the stock market predictions for tomorrow. A hold above this level targets 23,556 and 23,650 on 3 June.