Markets ended lower on Thursday with Nifty at 25,111 and Sensex down 375 pts. IT and financials dragged, led by Tech Mahindra and LTIMindtree. HDFC AMC and Patanjali bucked the trend. Wipro and Axis Bank reported muted post-market results. Retail sentiment on Nifty stayed bearish. Globally, cues were positive, with oil prices rising on easing trade tensions.