stock talk

If you are an institutional or retail investor and had invested Rs 1,00,000 in companies identified by the Great Places to Work from 2008 to 2021 under the Hold Model, you would have a whopping 1077 per cent return. These returns would be far higher than the 282 per cent return on the BSE Index and 277 per cent on the Nifty 50 during the same period.

Speaking at a media briefing aired on the Ukrainian Infrastructure Ministry's Facebook page, Infrastructure Minister Oleksandr Kubrakov said on Monday that the movement of ships from the Black Sea ports is due to start by the end of the current week. The demining process will be carried out exclusively in the corridor for the passage of cargo ships, and all ship caravans will be accompanied by Ukrainian rescue vessels, Kubrakov added.

The 225-issue Nikkei Stock Average edged up 26.66 points, or 0.10 per cent, from Thursday to close the day at 26,517.19, Xinhua news agency reported. The broader Topix index, meanwhile, gained 5.10 points, or 0.27 per cent, to finish at 1,887.43. Brokers here said the market mood was severely dented following news of Abe's shooting in the western city of Nara on Friday morning during a stump speech.

The Korea Composite Stock Price Index (KOSPI) retreated 49.77 points, or 2.13 per cent, to close at 2,292.01, coming below the 2,300 mark for the first time since October 30, 2020, Yonhap news agency reported. Trading volume was moderate at 400.3 million shares worth 8.53 trillion won (US$6.53 billion) with decliners outstripping gainers 697 to 177.

Stocks in the UK, mainland Europe and Asia have also suffered steep losses. It comes as central banks around the world are trying to rein in soaring living costs, with prices of essential goods like food and fuel jumping. Some economists expect the US, which is the world's biggest economy, to go into a recession as early as this year as interest rates continue to rise.

Share prices fell in Asia on Friday at the beginning of what was likely to be another torrid day for investors spooked by the US Federal Reserve's decision this week to raise interest rates by the largest margin for almost 30 years, the Guardian reported. Other leading central banks such as the Bank of England and the Swiss National Bank have followed suit, the latter in its first hike for 15 years, sending economists scrambling to revise their forecast for growth downwards.

In a statement on Wednesday, Turkey's state-run BOTAS Petroleum Pipeline Company said natural gas prices were hiked by 30 per cent for houses, 16.3 per cent for electricity production, and 10.2 per cent for industry, Xinhua news agency reported. The worldwide rise in energy prices made it necessary for the company to change the domestic prices of natural gas, the state energy importer added.

The Standard & Poor's 500 index fell as much as 2.3 per cent on Friday, leaving it 21 per cent below the all-time high that it reached in January and essentially ending a bull market run that began in March 2020, RT reported. The S&P is considered the most accurate measure of US stock market performance, as it's broader-based than the 30-member Dow Jones Industrial Average, which is made up entirely of blue-chip securities.

The US shares saw their biggest one-day drop since 2020 after downbeat earnings reports from some of America's biggest retailers. Target said unexpectedly high fuel and freight costs had cut into profits, which halved compared with a year ago. That followed a similarly downbeat update from rival Walmart earlier, BBC reported.

Commonly referred to as market cap, market capitalisation is the aggregate valuation of the company based on its current share price and the total number of outstanding stocks. It is calculated by multiplying the current market price of the company's share with the total outstanding shares of the company. On Friday, the market cap of the BSE rose to Rs 2,67,88,387 crore from Rs 26,406,971 on Thursday, exchange data showed.