Hindustan Zinc shares rallied sharply on December 12, climbing over 8% to register a new 52-week high of ₹566.70. Despite the strong upmove, the stock still trades nearly 61% below its lifetime high of ₹1,443, which was recorded back in January 2011.

The Vedanta Group company has been on a steady upward trajectory, gaining almost 16% in just the last four trading sessions, and leading the rally within the metals sector.

The Indian rupee slipped to a fresh record low on December 12, touching ₹90.56 per US dollar, as market sentiment weakened due to the lack of progress on a US trade agreement. A stronger American currency and continuous foreign fund outflows further added pressure on the rupee.

At the interbank forex market, the domestic currency opened at ₹90.43, later dropping to ₹90.56, marking a decline of 24 paise from its previous closing level. This move pushed the rupee beyond its earlier lifetime low of ₹90.4675 recorded on December 11.

The US Dollar Index was also marginally higher at 98.37, reflecting the dollar’s overall strength against major global currencies.