Stock Market Opening: The stock market opened with a decline, IT stocks in the red; Titan and Power Grid rose.:Sensex and Nifty fell sharply on Thursday.

News Topical, Digital Desk : After a sharp decline in the Sensex and Nifty on Thursday, the stock market opened weak again on Friday. Selling pressure was seen in IT stocks in early trade. The Sensex opened at 82,272.49, down from 82,498.14, and the Nifty at 25,406.55, down from 25,454.35.
Analysts have warned of caution in the market due to rising geopolitical risks and the potential for disruptions in oil supplies. The conflict with Iran could impact India's crude oil imports. Quarterly results from several companies will be released today.
Consequently, the sentiment is not positive for the stock market. Nevertheless, around 7:15 am, the Gift Nifty was up 23 points, or 0.09%, at 25,428. Let's explore which stocks may see action today.

Q3 Results Today: McNally Bharat Engineering Company, Benara Bearings & Pistons, RRP Defence and SRU Steels will announce their quarterly results today.

ABB India: Profit fell 18.1% to ₹433 crore in the third quarter, compared to ₹528.4 crore in the previous year. Revenue increased 5.7% to ₹3,557 crore, compared to ₹3,364.9 crore in the previous year.

CIE Automotive India - Profit increased 10.4% to ₹204.3 crore compared to ₹185 crore in the previous year. Revenue increased 13.4% to ₹2,393 crore compared to ₹2,110 crore in the previous year.

Novartis India - Promoter Novartis AG has entered into an agreement to sell 70.68 per cent stake in its Indian subsidiary Novartis India to Waverise Investments, ChrysCapital Fund X and Two Infinity Partners.

GHV Infra Projects - The company has received Letter of Award (LoA) from Enmas EPC Power Projects (JV) for supply of all materials required for 28.83 MWp grid-connected rooftop solar (RTS) plants for 14,416 SC and ST consumers.

Waaree Energies – The company is in talks with the Andhra Pradesh government and some other state governments to set up the proposed greenfield manufacturing facility.

Texmaco Rail & Engineering - The company has signed a joint venture shareholders agreement with Rail Vikas Nigam (RVNL) to create India's next-generation rolling stock powerhouse and expand its global rail EPC reach.

RailTel Corporation of India - The company has received a Letter of Acceptance (LoA) for a railway signaling project worth ₹35.54 crore. The work is to be completed within 24 months from the date of receipt of the LoA.

Karur Vysya Bank - The bank has revised its one-year and six-month MCLR (marginal cost of funds-based lending rates) to 9.10 percent from 9.20 percent with effect from February 22. The one-month and three-month MCLR has been revised to 8.95 percent from 9.05 percent.

Zydus Lifesciences - The US Food and Drug Administration (USFDA) conducted a pre-approval inspection (PAI) for injectable medical devices at the company's Unit 9 facility at Zydus Biotech Park in Ahmedabad from February 16-19. The regulator closed the inspection without any observations.

Exato Technologies - The company has received an export order for the supply of software licenses from Diligenta, Peterborough, England. The total value of the order is $0.24 million.