Hindustan Zinc Surges 4% as Silver Hits Record Highs After Fed Rate Cut

• Hindustan Zinc shares rose over 4% on Thursday, extending a 9% gain over three days.
• The stock's surge is attributed to silver prices reaching fresh lifetime highs.
• Silver's record high prices followed the US Federal Reserve's decision to cut interest rates by 25 basis points.
• Hindustan Zinc, India's largest silver producer, is expected to benefit further from the bullion's price increase.
• Promoter Vedanta also saw its shares gain nearly 2% following Hindustan Zinc's performance.

Why It Matters: Fed rate cuts drive silver prices, directly impacting Hindustan Zinc's stock value.