Monday, 14 September 2015

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The market has opened flat on Monday. The Sensex is down 30.66 points at 25579.55 and the Nifty is down 13.00 points at 7776.30. About 429 shares have advanced, 204 shares declined, and 34 shares are unchanged. Tata Steel, Wipro, Sun Pharma, TCS and HUL are top gainers while ICICI Bank, Infosys, Reliance, Vedanta and HDFC are early losers.

Sun Phrama rises 1.4 per cent to hit high of Rs 858 after Taro  Keveyis drug at a high price $163.8/tablet implying annual cost of $120,000 per patient. Size of the drug depends on how many patients shift to Keveyis, every 1,000 patients shifting to Keveyis will add $120 million to gross sales.  Keveyis is used to treat periodic paralysis.

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