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Nifty, Sensex to rally more on Monday? Iran peace deal among 5 factors to dictate Dalal Street this week
The rally added nearly Rs 10 lakh crore to the combined market capitalisation of BSE-listed companies, taking the total market value to around Rs 462 lakh crore. Here are 5 factors that will decide market mood.
Iran deal hopes
US President Donald Trump on Thursday said the United States and Iran could sign a peace deal as early as this weekend, a development that could reopen the Strait of Hormuz for shipping. Speaking to reporters at the White House, Trump said, “We just made a great settlement of the war with Iran.””The strait will officially open as soon as we sign, which could be soon, very soon, maybe over the weekend in Europe,” he added, noting that Vice President JD Vance could sign on behalf of the United States.
When asked whether Iran’s Supreme Leader Ayatollah Mojtaba Khamenei had approved the deal, Trump said, “I understand the answer is yes.”
Can oil prices extend slide
Oil prices fell to a three-month low on Friday after Iranian state media reported that a draft memorandum of understanding between Iran and the United States includes a commitment by Washington to ease oil sanctions and a pledge by Tehran to reopen the Strait of Hormuz within 30 days.According to Iran’s Mehr News Agency, the 14-point document states that final negotiations will begin only after half of Iran’s frozen assets are released, US oil sanctions are suspended and the naval blockade is lifted.
Will rupee strengthen more?
The Indian rupee strengthened by 60 paise to 95.25 against the US dollar in early trade. “Going ahead, crude oil movement will remain the key driver for the currency, along with capital flows and global risk sentiment.”
USD/INR witnessed a volatile week, trading within a broad Rs 94.90-Rs 95.75 range before settling near Rs 95.10. The pair closed near the lower end of its ascending trendline channel, indicating a modest strengthening of the rupee during the week. Immediate resistance stands at Rs 95.30-Rs 95.40. A sustained move above this level could ease near-term bearish pressure and push prices back towards Rs 95.60-Rs 95.80. On the downside, the previous reversal low near Rs 94.75-Rs 94.65 remains a key level to watch. A confirmed break below could drag the pair towards Rs 94.40, with a stronger base seen near Rs 94.20.
The near-term bias remains cautious, driven by a fragile geopolitical backdrop influencing dollar demand alongside the strength of domestic policy support.
Global support
US stocks advanced on Friday as SpaceX’s strong market debut lifted sentiment, while investors remained hopeful about a potential peace deal between the United States and Iran. The S&P 500 rose 0.5% to close at 7,431.46, while the Nasdaq Composite gained 0.31% to finish at 25,888.84. The Dow Jones Industrial Average climbed 353.51 points, or 0.7%, to settle at 51,202.26.
Elon Musk’s rocket maker debuted on the Nasdaq at $150 per share under the ticker SPCX, above its IPO price of $135. The stock surged more than 20% shortly after listing and ended the day up 19% at around $161.
Asian markets also joined the rally, led by a sharp rise in technology stocks. South Korea’s Kospi surged 5%, while Japan’s Nikkei 225 ended 3% higher. A continuation of the positive global momentum amid hopes of an Iran peace deal could help the Nifty and Sensex draw strength from favourable overseas cues.
Charts show promise
Sudeep Shah of SBI Securities said Friday’s rally carries added significance from a technical standpoint, as the Nifty closed above its 20-day EMA for the first time since May 2026, indicating an improvement in short-term momentum.
The daily RSI has rebounded sharply from lower levels and is now trading above the 50 mark while also moving above its 9-day average. Meanwhile, the Daily Stochastic has generated a bullish crossover, further reinforcing the positive undertone.
With multiple indicators turning favourable simultaneously, the obvious question is how much room the rally still has. According to Shah, the recent breakout above key short-term resistance levels, coupled with improving momentum indicators, suggests that the index could extend its upmove towards 23,800, followed by the psychological 24,000 mark.
On the downside, the 23,350-23,300 zone is expected to act as a crucial support area. As long as this support remains intact, the bulls appear to have regained control. The next few sessions, however, will determine whether the move is merely a rebound or the start of a stronger uptrend.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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TAT and Agoda Partner to Boost Thailand Tourism With Digital Intelligence
The Tourism Authority of Thailand and Agoda held a strategic meeting to enhance cooperation in travel intelligence and digital technology, promoting Thailand’s tourism globally and supporting sustainable practices and emerging destinations.
Strategic Tourism Partnership
Bangkok, 11 June 2026 – The Tourism Authority of Thailand (TAT) and Agoda have united to enhance Thailand’s destination marketing and global competitiveness through travel intelligence and digital tools. TAT Governor Ms. Thapanee Kiatphaibool and Agoda CEO Mr. Omri Morgenshtern, along with their teams, met at Agoda’s One Bangkok office to discuss future strategies.
Leveraging Technology and Insights
The collaboration merges Agoda’s digital expertise with TAT’s marketing capabilities to generate demand from international markets and boost domestic travel. Their focus includes promoting wellness tourism and lesser-known destinations. This partnership also aims to foster sustainable industry practices as part of the Trusted Thailand initiative, using insights to develop targeted campaigns that highlight Thailand’s cultural heritage and diverse experiences.
Commitment to Thai Tourism Growth
Agoda, founded in Phuket, remains committed to supporting Thailand’s tourism through its extensive digital travel platform, offering access to millions of accommodations and travel activities worldwide. Mr. Morgenshtern emphasized opportunities in wellness travel and safety communications, aiming to showcase Thailand’s rich offerings to a global audience.
Source : TAT and Agoda harness travel intelligence for quality tourism growth in Thailand
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Thai Baht Weakens as April Trade Deficit Hits Record USD 10 Billion
Thailand’s Baht is weakening due to a record USD 10.0 billion April trade deficit, driven by strong imports. Despite portfolio inflows and AI export growth, authorities warn of continued Baht pressure if imports remain high.
Key Points
Record Trade Deficit Exacerbates Baht Weakness
Thailand’s economy is currently facing a significant challenge as its currency, the Baht, weakens despite the presence of portfolio inflows. A record USD 10.0 billion trade deficit in April, primarily driven by robust import activity, is exerting considerable downward pressure on the Baht. This widening gap between exports and imports has surpassed expectations, marking the seventh consecutive monthly deficit and representing the largest on record. The concerning trade imbalance is a central factor influencing the Baht’s stability in the near future, overshadowing other economic indicators.
Persistent Imports Undermine Baht Stability
Authorities have issued a clear warning regarding the continued pressure on the Thai Baht (THB) if import levels remain elevated. This strong import demand is directly contributing to the widening trade deficit, presenting a significant headwind for the currency. While the government anticipates a base-case export growth of 3%, with a potential range of -3% to +8%, the current import dynamics are proving to be a substantial impediment. The Baht has already experienced a 3.2% year-to-date depreciation against the US Dollar, even amidst growth in AI-related exports.
Global Economic Forces Intensify Baht Depreciation
In addition to domestic trade imbalances, external economic factors are further contributing to the Baht’s depreciation. Since mid-April, the currency has exhibited a consistent weakening trend, influenced by rising global oil prices and a strong demand for the US Dollar. This confluence of domestic and international pressures, including the record trade deficit and global economic trends, highlights the multifaceted challenges confronting the Thai Baht. Despite pockets of export growth, the overall economic landscape suggests persistent vulnerability for the currency.
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Dividends and bonus issues: 31 stocks turning ex-record date this week. Do you own any?
Investors must hold shares of these companies in their demat accounts on the record date to be eligible for the respective corporate actions. The list remains tentative, as more companies may announce record dates for dividends, bonus issues and stock splits during the week.
Here is a day-wise list of corporate actions to watch out for this week:
June 15 (Monday)
SMC Global Securities has fixed June 15 as the record date for its final dividend of Rs 0.6 per share. The broking firm has a dividend yield of nearly 2%, according to data on Trendlyne.
June 16 (Tuesday)
Mini Diamonds (India) will turn ex-record date for a bonus issue of 1:1 on June 16. The company will issue one bonus share with a face value of Rs 2 each for every share held in the company as on the record date. The bonus shares are scheduled to be allotted by June 17.
RR Kabel has also fixed June 16 as the record date for its final dividend of Rs 5.5 per share.
June 17 (Wednesday)
Bengaluru-based real estate developer Brigade Enterprises has fixed June 17 (Wednesday) as the record date for its bonus issue in the ratio of 1:3. Earlier in May, Brigade Enterprises announced its first bonus issue in around seven years, coinciding with the release of its Q4 results. It had said that its board has approved the plan to issue one bonus share with a face value of Rs 10 each for every three shares held in the company as on the record date.
The company approved the plan to increase its share capital from Rs 250 crore, divided into 25 crore shares, to Rs 400 crore, divided into 40 crore shares.
Also read: Brigade Enterprises sets record date for 1:3 bonus share reward
Wednesday will also be the record date for dividend payments by Krishana Phoschem (Rs 0.5 per share), Madhya Bharat Agro Products (Rs 0.5 per share) and Steel City Securities (Rs 1 per share).
June 18 (Thursday)
The shares of Tata Technologies will turn ex-record date for a special dividend of Rs 3.35 per share and a final dividend of Rs 2 per share. HDB Financial Services has also fixed June 18 as the record date for a final dividend of Rs 2 per share.
Other stocks that have fixed Thursday as the record date for their respective dividends include Capital Small Finance Bank (Rs 5 per share), eMudhra (Rs 1.25 per share), GHCL (Rs 12 per share), Monika Alcobev (Rs 1 per share), Swastika Investmart (Rs 0.6 per share) and Vimta Labs (Rs 2 per share).
June 19 (Friday)
Friday will see some heavyweight companies turn ex-record date for their corporate actions. Private lender HDFC Bank has fixed June 19 as the record date for its final dividend of Rs 13 per share. Meanwhile, Tata Communications will see its shares trade ex-record date for a final dividend of Rs 17.50 per share.
Tata Motors Passenger Vehicles has also set June 19 as the record date for its Rs 3 per share final dividend, while HDFC Life Insurance Company will turn ex-record date for its dividend worth Rs 2.1 per share. Sanofi Consumer Healthcare India has fixed Friday as the record date for a final dividend of Rs 75 per share, while wires and cables manufacturer Polycab India will reward investors with a Rs 47 per share payout. IndiaMART InterMESH is setting a total dividend of Rs 60 per share, which includes a final dividend of Rs 30 and a special dividend of Rs 30.
In the power and automotive sectors, Torrent Power will pay its final dividend at Rs 5 per share. Additionally, healthcare firm Corona Remedies has earmarked a final dividend of Rs 10 per share. A host of other companies will also turn ex-record date for their respective dividends on June 19, including Solitaire Machine Tools (Rs 1.5 per share), AWL Agri Business (Rs 1 per share), Raghav Productivity Enhancers (Rs 1 per share), Amba Enterprises (Rs 0.75 per share), GHCL Textiles (Rs 0.6 per share) and Hindusthan Insulators & Industries (Rs 0.5 per share).
String Metaverse, meanwhile, will turn ex-record date for its 2:9 bonus issue on Friday.
Also read: Did City Union Bank shares really crash 23% in one day? Here’s how the bonus math works
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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