Sensex ends 280 pts higher; Nifty tops 14,800

Bilibili to raise $2.6 billion in Hong Kong listing

(Reuters) – Chinese online video site Bilibili Inc said on Tuesday it will raise HK$20.2 billion ($2.60 billion) in Hong Kong secondary listing after pricing its shares at HK$808.00 each.

($1 = 7.7667 Hong Kong dollars)

Opinion | What Are Republicans So Afraid Of?

Instead of conspiracy mongering about an election they did well in, they could try to win real majorities.

By Jamelle Bouie

Opinion Columnist

PC accused of strangling woman and saying ‘I will smash your f***ing face in’

Opinion | Shadows on the Biden Dream

A lot has gone right for the new president. Here are three things that could go wrong.

By Ross Douthat

Opinion Columnist

Thai economy to return to pre-pandemic levels in Q3 next year-cbank

BANGKOK, March 23 (Reuters) – Thailand’s economy is expected to return to pre-coronavirus pandemic levels in the third quarter of next year, with the recovery slow and uneven as tourism remains sluggish, the central bank governor said on Tuesday.

The tourism-reliant economy could take at least four to five years to see the number of foreign tourists return to normal levels, of about 40 million a year, Sethaput Suthiwartnarueput told a briefing.

AstraZeneca 'may have used old data' in trial which found vaccine 79% effective

‘Daily Show’ Montage Makes A Mockery Of Trump Prediction For Biden’s First Presser

Former President Donald Trump whined this week that his successor, President Joe Biden, will just face softball questions during his first presidential presser on Thursday.

“They never talked to me that way,” Trump moaned to Fox News’ Harris Faulkner.

But this supercut from “The Daily Show with Trevor Noah” proves otherwise:


Boy, 9, mauled by shark in waist-deep water minutes into his family's holiday

Food Lion, Hannaford Recall Taste Of Inspirations Parmesan Garlic Wing Sauce

Food Lion, affiliated to Ahold Delhaize USA, and Hannaford Supermarkets recalled select Parmesan Garlic Wing Sauce, under the Taste of Inspirations brand. The recall was due to the possible presence of undeclared fish, a known allergen, the U.S. Food and Drug Administration said.

The affected products by both companies come with Lot code 210305 and a Best By Date of March 5, 2022.

Salisbury, North Carolina -based Food Lion said its Parmesan Garlic Wing Sause were mislabeled and contain undeclared fish. The impacted products may have been purchased between February 20, 2021 and March 20, 2021.

The food store, which operates more than 1,000 stores in 10 Southeastern and Mid-Atlantic states, said the customers with fish allergies who purchased the impacted products can return them for a refund equal to double the purchase price in accordance with Food Lion’s “Double Your Money Back Guarantee.”

Further, Hannaford Supermarkets said the contents of the recalled bottle of Parmesan Wing Sauce do not match the label. The bottles were incorrectly filled with Taste of Inspirations Garlic Parmesan Dressing and have an undeclared allergen, fish.

Hannaford said its customers with fish allergies may return the item to a Hannaford store for a full refund. No injuries or illnesses have been reported to date related to the recalled products.

Merck: FDA Approves KEYTRUDA With Chemotherapy For First-Line Treatment Of Esophageal, GEJ Carcinoma

Merck (MRK) said FDA has approved KEYTRUDA, the company’s anti-PD-1 therapy, for the treatment of patients with locally advanced or metastatic esophageal or gastroesophageal junction carcinoma that is not amenable to surgical resection or definitive chemoradiation in combination with platinum- and fluoropyrimidine-based chemotherapy. The approval was reviewed under the FDA’s Real-Time Oncology Review pilot program and the FDA’s Project Orbis.

The company said the FDA approval is based on results from the phase 3 KEYNOTE-590 trial, which showed significant improvements in overall survival, progression-free survival and objective response rate for KEYTRUDA plus fluorouracil and cisplatin versus fluorouracil and cisplatin alone, regardless of histology or PD-L1 expression status.

Sensex ends 280 pts higher; Nifty tops 14,800

The 30-share BSE index ended 280.15 points or 0.56% higher at 50,051.44. The broader NSE Nifty advanced 78.35 points or 0.53% to 14,814.75.

Equity benchmark Sensex jumped 280 points on Tuesday following gains in index majors HDFC Bank, ICICI Bank and Reliance Industries despite a weak trend in global markets.

The 30-share BSE index ended 280.15 points or 0.56% higher at 50,051.44. The broader NSE Nifty advanced 78.35 points or 0.53% to 14,814.75.

UltraTech Cement was the top gainer in the Sensex pack, rising around 3% , followed by IndusInd Bank, ICICI Bank, HDFC Bank, Titan, Axis Bank, SBI and Maruti.

On the other hand, ONGC, PowerGrid, ITC, NTPC, M&M and HDFC were among the laggards.

Domestic equities rebounded sharply despite weak global cues mainly supported by sharp recovery in financial stocks, said Binod Modi, Head – Strategy at Reliance Securities.

"The Supreme Court pronounced that waiver of compound interest during loan moratorium should be for all. While there is still ambiguity about who will be bearing the additional burden, the comfort about the possible end of uncertainty about banks’ NPAs led bank stocks to see sharp up-move," he noted.

Elsewhere in Asia, bourses in Shanghai, Hong Kong, Tokyo and Seoul ended on a negative note. Stock exchanges in Europe were also trading with losses in mid-session deals.

Meanwhile, the global oil benchmark Brent crude was trading 3.53% lower at $62.34 per barrel.