Markets pare losses to turn flat; pharma, realty stocks lead

Financials and private banks weighed on the indexes

Benchmark indices pared losses to turn flat in the afternoon trade led by rally in realty and pharma indices. However, weaker global cues amid concerns that central banks are moving closer to removing the monetary stimulus kept the sentiment sore.
 
Asian shares were trading lower following overnight trade in Wall Street and European markets also opened lower as investors look out for economic data and G-20 summit outcome.
 
Broader losses in India were capped as pharma and realty indices. Some stocks like Lupin recovered from recent falls on value-buying.
 
At 2:34 pm, the S&P BSE Sensex was