India, May 13 -- Markets witnessed a sharp rally in metal-related stocks after a significant policy move by the government. The decision to increase import duties on precious metals has altered the pricing dynamics in the domestic market.

The higher duties are expected to make imports costlier, thereby improving competitiveness for local producers. This development is also anticipated to enhance revenue visibility and margins for companies linked to silver production and metal extraction.

Stocks movement With a market capitalisation of Rs. 2,83,772 cr, the shares of Hindustan Zinc Ltd were trading at Rs. 671.60 per share, jumping 6% in today's market session, making a high of Rs. 677.10, up from its previous close of Rs. 641.55 per sha...