Hindustan Zinc Shares Plunge 6% as Silver Prices Tumble from Lifetime Highs

• Hindustan Zinc shares dropped over 6% intraday on December 29, erasing morning gains.
• The fall was triggered by silver prices declining up to 10% from their lifetime highs.
• MCX silver futures for March, May, and July expiries saw sharp drops after reaching record levels.
• Hindustan Zinc, India's largest silver producer, is highly sensitive to silver price fluctuations.
• The decline was attributed to profit-taking and shifts in market sentiment.

Why It Matters: Hindustan Zinc's stock fell sharply due to a significant drop in silver prices from their peaks.