Pitch did ease out a bit in first session, England also did good in first session yesterday so this might be a reason Akash feasted on English bowlers, he was even defending like a proper batter.
Indian batsmen have also done well in the second session of day 3. The 5th, 6th and 7th (currently running) wicket partnership pair has added a decent run on the scoreboard. Now the match is pretty much in favour of India. They should take the lead to 350+ runs to put some pressure on England players. I'm wondering whether the pitch is turning in favour of batsmen as the time is passing by. England will have plenty of time to chase the target. So, everything will depend on the pitch condition.
India finished their batting, good effort from over all by most of the batters. So the score need to be chased down is 374 with one wicket less from Eng.
What are the chances of chasing down, I would say impossible because the record 4th inning chase in this venue is less than 300 which also happened about 70 years ago and around 220 is the successful chased score in the last 2 decades so it's India leveling the series and all they need is 9 wickets.