New Delhi, May 24 -- The Indian stock market closed higher on Friday, driven by gains in banking heavyweights such as ICICI Bank, HDFC Bank, and Axis Bank.

Benchmark indices stayed in the green throughout the session, although upside was limited due to elevated crude oil prices and growing inflation concerns, which raised fears of possible monetary tightening.

The Sensex settled at 75,415.35, gaining 232 points or 0.31%, while the Nifty 50 closed at 23,719.30, up 65 points or 0.27%.

"The Indian equity markets witnessed a range-bound yet positive week, reflecting cautious optimism among investors. The NIFTY 50 closed at 23,719, gaining 0.32% on a weekly basis, while the NIFTY Bank ended at 54,055, up 0.64%. On the global front, investor...