Not interested in buying govt's stake in Hindustan Zinc: Anil Agarwal; Sensex jumps over 500 points; more

Hours after the Union cabinet approved disinvestment of Hindustan Zinc, Vedanta Chairman Anil Agarwal said that he is not interested in buying the stake. He further revealed that he has plans to set up a multi-billion dollar semi-conductor hub in India.

And equity markets recovered after falling for the past three days, with the Sensex jumping over 500 points, aided by buying in HDFC twins and ICICI Bank amid mostly positive trends in global equities.

The 30-share BSE Sensex rallied 503.27 points or 0.94 per cent to settle at 54,252.53. During the day, it zoomed 596.96 points or 1.11 per cent to 54,346.22.