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The S&P BSE Sensex pared some of its gains after trading higher by nearly 200 points in morning trade on Friday as the European Central Bank (ECB) extended stimulus but warned that it was running out of room to cut interest rates. The euro zone central bank on Thursday cut deposit rate by 10 basis points to -0.4 per cent from -0.3 per cent and increased its monthly asset purchases volume to 80 billion from 60 billion earlier.
The Nifty50 was testing its crucial resistance level of 7,500 supported by gains in realty, oil & gas, metal, capital goods, and auto stocks. The broader market traded flat with the BSE midcap and smallcap indices gaining 0.08 and 0.10 per cent, respectively.
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