MCX, Hindustan Zinc Share Price Surge Up To 3% as Silver Rally Lifts Stock Market Today

The stock market today saw sharp action in metal-linked counters as silver prices rallied strongly. The move quickly reflected in related equities and ETFs.

MCX and Hindustan Zinc share price gained up to 3% during the session. Silver-focused ETFs also moved higher by more than 1%.

The momentum was not random. It was direct. Silver strengthened, and the market reacted.

Let’s break it down clearly.

Market Performance: Silver Rally Powers Stock Market Today

Silver’s strong upswing on Wednesday created a ripple effect across the equity market. Metal-focused stocks and commodity-linked counters turned active.

Here’s how the stock market today reacted:

• MCX share price surged over 3%
• Hit around Rs 2,473 in early afternoon trade
• Stock has rallied more than 125% in the past one year
• Hindustan Zinc share price climbed 2.8% to Rs 614
• The stock is now up over 51% on a one-year basis
• Silver ETFs gained over 1%
• Gold ETFs edged slightly higher

The rise was broad-based but the leadership came from silver-linked instruments.

MCX Share Price Jumps Over 3%

The biggest reaction in the stock market today was seen in Multi Commodity Exchange of India (MCX).

MCX share price surged more than 3% to around Rs 2,473 in early afternoon trade.

The stock has delivered:

• Over 125% returns in one year
• Strong traction amid rising precious metals activity
• Higher participation in commodity contracts

Whenever precious metals see heightened movement, MCX tends to benefit from increased trading volumes. Silver’s sharp upside directly supports this trend.

The market understood that link instantly.

Hindustan Zinc Share Price Extends Gains

Metal counters also moved in sync with silver strength.

Hindustan Zinc share price climbed 2.8% to Rs 614 during the session.

On a one-year basis:

• Hindustan Zinc share price is up over 51%
• The stock continues to reflect firm sentiment in non-ferrous metals

The silver rally supported broader base metal counters. Investors responded quickly to the improving price environment in precious and related metals.

Silver ETFs Gain Over 1%

The rally was not limited to stocks.

Silver-focused ETFs saw firm buying interest across multiple fund houses, gaining more than 1% in early trade.

Funds that traded higher include:

• ICICI Prudential AMC
• Nippon India Mutual Fund
• SBI Mutual Fund
• Tata Asset Management

Silver ETFs clearly outperformed gold ETFs during the session.

Gold ETFs did move higher. But the sharper upside belonged to silver-linked products.

The stock market today showed clear preference toward silver exposure.

Why Silver’s Move Is Impacting Stocks?

The connection is simple.

When silver gains sharply:

• Commodity exchanges benefit from higher activity
• Metal companies track improving price sentiment
• ETFs see fresh inflows and price support

Silver today is backed by two strong pillars:

1. Investment demand
2. Industrial demand

Silver is widely used in:

• Electrical systems
• Data centres
• Digital infrastructure
• Computing equipment

These segments keep demand strong. When prices rise, metal-linked stocks tend to respond faster than the commodity itself.

Metal Stocks Track Precious Metals Strength

The broader precious metals space remains active.

Gold also edged higher in the session. However, the strength was more pronounced in silver-related counters.

The stock market today reflected:

• Stronger demand visibility in precious metals
• Continued participation in commodity contracts
• Active interest in passive investment vehicles like ETFs

Metal stocks tend to respond quickly when bullion strengthens. This was visible in both MCX and Hindustan Zinc share price movements.

One-Year Performance Snapshot

Let’s look at the numbers clearly:

MCX

• Current move: +3%
• Price near Rs 2,473
• 1-year rally: +125%

Hindustan Zinc

• Current move: +2.8%
• Price at Rs 614
• 1-year rally: +51%

These numbers highlight how both stocks have already been in strong momentum over the past year.

The silver rally simply added fuel to existing strength.

Stock Market Today: Clear Trend in Precious Metals

Today’s movement was not scattered.

It was concentrated in:

• Commodity-linked counters
• Metal stocks
• Silver ETFs

The reaction shows how sensitive related equities are to price swings in precious metals.

When bullion strengthens sharply, stocks like MCX and Hindustan Zinc share price tend to reflect that optimism immediately.

Summary: Silver Rally Lifts MCX and Hindustan Zinc Share Price

The stock market today witnessed a clear theme — silver strength.

• MCX share price jumped over 3% to around Rs 2,473
• Hindustan Zinc share price climbed 2.8% to Rs 614
• Silver ETFs gained over 1%
• Gold ETFs edged slightly higher
• MCX has rallied over 125% in one year
• Hindustan Zinc is up more than 51% in the same period

The rally in silver directly supported metal stocks and commodity-linked counters.

The message from today’s session was simple.

When silver moves, the market listens.

And today, it responded.

Source: Moneycontrol