Cube Highways Trust (Cube InvIT) plans to launch a Rs 5,000 crore IPO this month, structured entirely as an offer for sale with no fresh capital raised. As of March 31, 2026, it owned 27 operational highway assets spanning 8,754 lane kilometres, with about 85% in toll-road assets and 15% in NHAI-backed annuity assets. For Financial Year 2026, it declared a distribution of Rs 13.77 per unit, taking total distributions to Rs 1,851 crore, and reported net debt of Rs 17,768 crore with a net debt-to-enterprise value ratio of 46.82%.

On July 4, 2026, retail 24K gold prices in several Indian cities rose above Rs 1,47,500 per 10 grams, marking record levels. MCX gold futures eased by Rs 13, or 0.01 per cent, to Rs 1,47,365 per 10 grams, while IBJA’s Friday close for 24-carat (999 purity) gold stood at Rs 1,46,344 per 10 grams. Internationally, spot gold traded at $4,187.30 per ounce. Prices have been supported by dovish Federal Reserve signals, a softer dollar and geopolitical developments that lifted safe-haven demand.

Gold fell below $4,000 an ounce and is down 24% from its January peak, while silver slid under $60 an ounce, about 47% off its January high. In India, spot rates stayed weak and MCX gold futures also edged lower during morning trade. Analysts said the drop has been driven by liquidity stress sparked by selloffs in AI and technology stocks, alongside a stronger U.S. dollar that has added pressure on bullion.

Brent crude fell to about $72.4 a barrel on Thursday, down more than 22% from its peak a month earlier and back to pre-Iran war levels. The slide comes as geopolitical risks eased, shipping through the Strait of Hormuz resumed, and exports from the Middle East and West Africa rose, improving supply expectations. A temporary US waiver allowing purchases of already-loaded Iranian oil also added to supply hopes. Even with US crude stockpiles at their lowest level since 1984, added supply has kept pressure on prices.

Indian equities rebounded sharply on June 24, with the Sensex up more than 750 points and the Nifty back above 24,000. RBI Governor Sanjay Malhotra said it was “premature” to discuss rate hikes and that the central bank would stay with a neutral stance. Brent crude fell below $77 a barrel and WTI slipped under $73, while foreign institutional investors were net buyers for a third straight session. The report links the drop in oil prices and expectations of easier policy to a pick-up in risk appetite.

SpaceX fell 16% on its third day of trading to close at $154.60, extending a three-day slide to 23% and erasing more than $600 billion in market value. The company said it will sell investment-grade bonds for the first time, aiming to raise at least $20 billion. Proceeds are slated for AI expansion and to repay borrowings under an existing bridge loan facility and related expenses. The move comes despite more than $100 billion in cash and cash equivalents and shares still about 15% above the $135 IPO price.

Reliance Industries Limited outlined a proposed listing of Jio Platforms, stepped-up AI infrastructure plans, and new energy projects at its 49th AGM. The stock rose 2.4% to Rs 1,340.90, outperforming the Nifty 50’s 0.5% gain. The move also helped lift the Nifty Oil & Gas index by 1.2%. Several brokerages reiterated “buy” ratings and raised their target prices.

A 60-day US-Iran deal roadmap raised expectations of easing geopolitical risks, pushing Brent crude below $80 a barrel. India’s Nifty and Sensex opened about 0.5% higher, led by gains in oil marketing companies and IT stocks. Analysts said two key drags—tariff-related uncertainty and geopolitical tensions—appear to be fading, supporting a recovery in valuations.

Qatar and Pakistan said the United States and Iran have agreed to a 60-day framework, after a first round of senior talks in Switzerland ended with what the mediators called “encouraging progress.” The U.S. has confirmed Iran will be able to return to international oil markets, with exports expected to recover to more than 1.5 million barrels a day. Brent crude has fallen below $79 a barrel and WTI is below $77 a barrel. The development has eased expectations of geopolitical supply risks, weighing on oil-linked assets.