Pre-Market: 5 stocks in spotlight

Here are a few stocks that you need to keep a tab on today

Ranbaxy Laboratories received the US Food and Drug Administration (US FDA)'s approval to sell a generic version of Novartis’s hypertension medicine Diovan. The company will enjoy 180 days of exclusive marketing rights for the drug in the American market.

 

 Amid fuel supply issues, state-owned Coal India has signed fuel supply pacts with power plants for a capacity of 73,075 MW. 

 

Ashok Leyland has decided to raise nearly Rs 600-700 crore via qualified institutional placement to pare debt.

 

At least three people are feared killed after an explosion at a gas pipeline at the site of the state-owned Gas Authority of India Limited (GAIL) took place in the morning hours in Nagaram, Andhra Pradesh. The gas supply line has been cut off.

 

IT stocks are likely to remain in focus after Accenture Plc (ACN.N), a consulting and outsourcing services provider, cut the top end of its full-year earnings forecast as margins come under pressure, taking the shine off a rebound in its consulting business that boosted quarterly revenue.