The Indian equities market declined for the third straight session due to IT and banking stocks while Nifty settled near the 17,600 level. The top-performing stocks from the Nifty pack were Divis Labs, BPCL, Bajaj Auto, Axis Bank, and M&M. The risk of a downgrade in the corporate earnings forecast was cited as the prominent market fluctuation. Meanwhile, on Thursday, investors will be examining the impact of the recent banking crisis on the US economy, as the Federal Reserve's "Beige Book" report will be published.