Wall Street witnessed a brutal sell-off after US inflation data for August came higher than market expectations. Brokerage firms like Nomura and Goldman Sachs have a cautious stance on the sector, with the latter even downgrading most of the IT majors

Most stocks in the banking basket made it to the green in a volatile session, as commentaries from SBI and IndusInd managements suggested strong loan growth momentum in the sector. Their remarks come days after an RBI report showed credit growth soared to a nine-year high.

Ambuja Cements is considering raising funds on September 16. Moreover cement stocks have been gaining as price hikes have been announced in certain regions. Decline in input costs and correction in commodity prices have also aided the stocks

Vedanta Resources Ltd chairman Anil Agarwal on Tuesday said his company is considering a second chip and display manufacturing facility in India, even as it announced a $20-billion  (₹1.54 trillion) investment plan for its first such venture in Gujarat.