neutral
Recently
Hindustan Zinc rallies sharply as silver prices scale fresh global peaks
Hindustan Zinc jumped nearly 5 percent as silver prices touched fresh lifetime highs in global and domestic markets amid rising expectations of a US Federal Reserve rate cut.
Investor sentiment turned strongly positive toward metal stocks after silver prices touched fresh lifetime highs on December 10, lifting Hindustan Zinc shares sharply in morning trade. The stock rose nearly 5 percent to ₹515 apiece, marking its highest level in over seven weeks. The rally followed a sharp jump in global silver prices driven by expectations of an interest rate cut by the US Federal Reserve.