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

Benchmark indices stayed in the green throughout the session, although the upside was limited due to elevated crude oil prices and growing inflation concerns, which may prompt tighter monetary policy measures.

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%.

On Friday, the Nifty 50 opened with a marginal gap-up at 23,671.20, reflecting a steady start to the session. The index registered its intraday low of 23,671.00 within the first few minutes itself, as the opening and low levels remained almost...