Stocks to Watch: BHEL, NBCC, Lenskart, GMR Airports Among 10 Firms in the Spotlight

Indian Stock Market Resumes Losing Streak on Wednesday

The Indian stock market resumed its losing streak on Wednesday, 3 June, after a brief one-day recovery. Both benchmark indices rebounded significantly from their intraday lows, indicating some buying interest at lower levels. The BSE Sensex ended at 74,346.17, down 304 points or 0.41%, after recovering nearly 850 points from the day's low. During the session, the index had plunged more than 1,000 points.

Similarly, the NSE Nifty 50 recovered sharply from its intraday low of 23,151 to close at 23,406, a decline of 78 points or 0.33%. This decline marks the fifth time in the past six trading sessions that India's benchmark indices have ended lower. The market is likely to continue its losing streak as trends in the Gift Nifty index signal a negative opening on Thursday, with Gift Nifty trading near the 23,346 mark, down over 170 points from the previous close of Nifty futures.

The market is expected to open with a cautious undertone as investors continue to assess an increasingly complex geopolitical backdrop in the Middle East. While the renewal of the ceasefire agreement between Israel and Lebanon has provided some relief to regional risk sentiment, broader concerns remain unresolved. Continued hostilities between the United States and Iran, including reports of retaliatory Iranian actions following recent U.S. strikes, have kept uncertainty elevated and limited any meaningful improvement in global risk appetite.

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Some stocks are likely to remain in focus on Thursday due to their own positive or negative triggers. State-run Bharat Heavy Electricals Ltd (BHEL) announced that it has entered into a contract with Dangote Petroleum Refinery & Petrochemicals Free Zone Enterprise to execute a project within the Dangote Industries Free Zone in Nigeria. Indian budget airline IndiGo has temporarily suspended all flights to and from Kuwait until 12 pm on June 4, 2026, owing to the continued closure of Kuwaiti airspace.