Sensex gives up early gains, trades flat; Nifty holds 23,700

Indian benchmark equity indices opened higher on Thursday. Financial and IT stocks led the rise. There are expectations of a rate cut by the Reserve Bank of India later this week. This is to revive economic growth. Current gains offset global trade concerns. Major gainers included Power Grid, Infosys, Bajaj Finance, IndusInd Bank, and Asian Paints.