RIL, Lenskart & more: Top stocks to watch on June 3, 2026 - The Times of India

• On June 3, 2026, the three major U.S. stock indexes declined, ending a five-session streak of closing records. • The S&P 500 specifically snapped a nine-session winning streak as investors pulled back from recent highs.

• Bank of Japan (BOJ) Governor Ueda stated that the central bank must continue raising interest rates to address ongoing economic developments and inflation. • The remarks suggest a strong possibility of a rate hike occurring on June 16, though the language was less explicit than previous signals.

• ECB economists have issued a warning via their official blog that current economic conditions may lead to stronger inflationary pressures than markets currently anticipate. • While some indicators suggest inflation risks are lower than they were in 2022, the bank identifies several emerging factors that could drive prices higher.

• The U.S. Trade Representative (USTR) is considering imposing additional tariffs of 12.5% on India and 53 other nations as part of a Section 301 investigation. • In response to these potential duties, India is seeking to resolve the dispute through strategic trade negotiations and agreements.

• US stock markets remained near record highs on Wednesday, June 3, 2026, despite pressure from geopolitical instability. • Oil prices climbed toward $100 per barrel due to renewed tensions involving Iran and concerns over the Strait of Hormuz.

• Software stocks are facing a critical technical test after a sharp recovery from a 37% decline between their September 2025 peak and April lows. • The initial slump was driven by investor fears that artificial intelligence could disrupt traditional software business models.

• Bank of Japan (BOJ) Governor Kazuo Ueda signaled potential interest rate action in June, stating he will debate the "pros and cons" of a hike. • Ueda emphasized that the central bank must prioritize the risk of an inflation overshoot caused by Middle East conflicts and rising crude oil prices over potential economic downturns.

• India has launched a new Index of Industrial Production (IIP) series to provide more accurate data on an economy now driven by renewables, infrastructure, and manufacturing. • The update addresses gaps in industrial tracking, reflecting the modern shift in how the country produces goods and manages resources.

• Morgan Stanley's Chetan Ahya reports that a China-driven supply realignment has cut gas imports by 45% and oil by 30%, adding 7.5 million barrels daily to global markets. • This shift is neutralizing energy price fears and fueling an "industrial supercycle" characterized by a broad-based capex boom in AI, energy, defense, and industrial sectors across Asia.

• India's latest Index of Industrial Production (IIP) data indicates that the nation's industrial fundamentals have remained relatively resilient. • The government has announced plans to transition toward a chain-linked framework for calculating the index.

• The Indian stock market experienced a sharp recovery on Wednesday afternoon following a significant crash earlier in the trading session. • Investor sentiment was boosted by media reports suggesting the government plans to reduce taxes and remove ownership caps on certain bonds.