Fractal Analytics Shares Plunge After Weak Listing, IT Stocks Under Pressure

• Fractal Analytics shares listed at a 3% discount, then fell further to 856 rupees, down 4.82%.
• The IPO was subscribed 2.66 times, with a price band of 857-900 rupees for the 2,834 crore rupee issue.
• Weak listing attributed to pressure on IT stocks; the stock fell over 5% during trading.
• Despite market pressure, experts suggest long-term investors hold Fractal Analytics due to its AI and analytics market presence.
• Indian IT stocks, including TCS, Infosys, and Wipro, declined for the fourth consecutive day, impacted by new AI tools.