Thursday, 12 November 2026 IPO data updated 5 minutes ago

Hindustan Zinc Shares Tank 7% as Silver Prices Crash ~9%, Ending 3-Day Rally

Hindustan Zinc Shares Tank 7% as Silver Prices Crash ~9%, Ending 3-Day Rally

Shares of Hindustan Zinc Ltd. plunged sharply on Thursday, 5 February 2026, with the stock falling up to 7 % to around ₹594 on the BSE, snapping a three-day winning streak for the metal producer. The decline coincided with a steep fall in silver rates — nearly 9 % — on commodity markets, which intensified selling pressure on the company’s shares.

As one of India’s major silver producers, Hindustan Zinc’s stock is closely tied to precious metal price trends. The significant drop in silver futures on the MCX contributed to weaker sentiment among investors, prompting profit-taking and an intraday slide after recent gains.

Market analysts note that rising margins on silver futures and heightened volatility have reduced leverage for traders, which can accelerate price corrections and add to equity market pressure.

Despite the sharp intraday fall, the stock still trades above several long-term moving averages, though shorter-term technical signals suggest near-term weakness.

Investor focus remains on bullion price dynamics and broader commodity trends, which will likely influence how Hindustan Zinc and other metal stocks perform in the coming sessions. 

This news is for information only and is not investment advice. Please do your own research before making investment decisions.