Stocks to watch: PFC, PNB, Aurobindo Pharma

PFC (Power Finance Corporation) may be on the buzzer this morning on reports that it may raise up to $1 billion (around Rs 4,500 crore) in external debt in fiscal year 2011-12. There are reports that the company is seeking permission from Reserve Bank of India to raise more funds from advanced economies, taking advantage of low interest rates.

PNB (Punjab National Bank) may gain strength in the opening trades on news that the it will buy equity stake or foray into life insurance companies such Aegon Religare Life, Aviva India, Bharti AXA Life, Birla Sun Life, DLF Pramerica Life etc.

Aurobindo Pharma may extend yesterday's losses on reports that four products from the company's units are under the scanner of US food and drug regulator.

Oil Market Companies may lead the gains in the morning session after Brent ctude eased from an high of $118 to $115.4/bbl.