Shares of trading companies and packaging companies surged 12% and 10%, respectively, while shares of cement and sugar companies advanced 9% and 8%, respectively. Stocks of steel companies declined 7%, while stocks of airlines companies and energy companies fell 3% each.
Combined food inflation stood at 9.90% for January 2014, down from 11.97% for December 2013. For rural and urban areas, food inflation stood at 10.67% and 8.20%, respectively, in January 2014. Inflation in vegetable prices came down to 21.91% in January compared to 38.76% in December. Fruit prices rose 15.66% year-on-year in January, while pulses were dearer by 2.59% y-o-y. Inflation for cereals stood at 11.42% and inflation for milk products was 9.82%. The price rise of non-vegetarian items, such as eggs, meat and fish, was 11.69% in January compared to 12.64% in December 2013.