Indian shares ended lower for a second straight session on Thursday as investors booked profits amid continued foreign fund outflows, mixed corporate earnings, and a lack of fresh domestic triggers.

Market sentiment remained fragile as global uncertainty over potential US tariffs and their broader economic fallout kept investors cautious, analysts believe.

At close, the BSE Sensex fell 148.14 points, or 0.2%, to 83,311.01, while the NSE Nifty 50 declined 87.95 points, or 0.3%, to 25,509.70.

Grasim Industries (NSE:GRASIM, BOM:500300) slumped over 6% to lead the laggards, followed by Hindalco Industries (NSE:HINDALCO, BOM:500440) and Adani Enterprises (NSE:ADANIENT, BOM:512599).

Asian Paints (NSE:ASIANPAINT, BOM:500820) jumped nearly 5% to top the gainers, followed by Reliance Industries (NSE:RELIANCE, BOM:500325) and InterGlobe Aviation (NSE:INDIGO, BOM:539448).

In earnings, Zydus Lifesciences' (NSE:ZYDUSLIFE, BOM:532321) consolidated net profit rose to 12.6 billion rupees in the fiscal second quarter ended Sept. 30, from 9.1 billion rupees a year ago. Revenue from operations increased to 61.2 billion rupees.

Ola Electric Mobility's (NSE:OLAELEC, BOM:544225) consolidated loss narrowed to 4.18 billion rupees in fiscal Q2 from 4.95 billion rupees a year earlier, while revenue from operations fell to 6.90 billion rupees.

In corporate developments, Mahindra & Mahindra (NSE:M&M, BOM:500520) said it has sold its entire 3.53% stake in RBL Bank (NSE:RBLBANK, BOM:540065) for 6.78 billion rupees, compared with its acquisition cost of 4.17 billion rupees in July 2023.