Indian equities experienced a second consecutive session of losses, with IT, financial, and auto stocks leading the decline. The Nifty index fell below key short-term averages, with analysts identifying 26,000 as a critical support level. Technical analysis suggests potential for a rebound if this level holds, but a sustained drop could signal further weakness. Specific stock recommendations include NBCC and Dalmia Bharat, noted for technical breakouts and positive momentum.