Arbitrage schemes may seem relatively safe, but look carefully before investing
Shares of software and IT services companies advanced 2%, while shares of lifestyle and leisure companies ended flat. Stocks of printing and publishing companies and steel products companies declined 13% each. Stocks of steel companies and airlines companies fell 11% and 10%, respectively.
Combined food inflation stood at 9.16% for August 2014, marginally higher from 9.14% recorded for July 2014. For rural and urban areas, food inflation was 9.64% and 8.22%, respectively, in August 2014. Inflation in vegetable prices was lower, at 15.15%, compared to 16.88% in July. Inflation in fruit prices was 24.27% in August, while pulses were dearer by 6.88% year-on-year. Inflation for cereals stood at 7.39% and inflation for milk products was 11.70%. The price rise of non-vegetarian items, such as eggs, meat and fish, was 7.71% in August 2014 compared to 7.68% in July 2014.