Metal Stocks Soar for 3rd Day; Vedanta Hits Record High on Global Price Surge

• Metal stocks extended their rally for the third consecutive day, driven by soaring global metal prices and strong demand prospects.
• The Nifty Metal index climbed 3% on January 14, with 12 out of 15 constituent companies recording gains.
• Hindustan Copper and Hindustan Zinc saw significant jumps of 4% and 6% respectively, as copper and silver prices reached record highs due to supply concerns.
• Vedanta surged 6.3% to a new record high after Nuvama Institutional Equities reiterated a 'buy' rating and raised its price target, citing potential value unlocking from a proposed demerger.
• Silver prices breached the $90 per ounce mark for the first time, reaching $91.53 on COMEX, while gold also climbed near its record peak.

Why It Matters: Metal stocks are surging for the third day, with Vedanta hitting a record high, fueled by rising global commodity prices.