Mumbai, April 25 -- Domestic equity benchmarks reversed early gains to end lower for the second consecutive session, as investor sentiment remained subdued amid rising geopolitical tensions. A deadly terrorist attack on tourists in Kashmir sparked concerns over escalating hostilities between India and Pakistan, triggering a risk-off mood across the markets.

The recent sharp rally in equities also contributed to the cautious tone, with traders opting to book profits and reduce exposure amid increasing uncertainty. Adding to the pressure, the ongoing Q4 earnings season has failed to inspire confidence. The Nifty50 closed below the 24,050 mark, weighed down by losses in realty and pharma stocks. However, IT shares outperformed, offering som...