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Nifty inches closer to record high, ICICI Bank rises 3%: 10 updates
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New Delhi, April 16 -- Indian markets moved higher today, with benchmark index Nifty inching closer to record highs. The Nifty moved to 11,750, closing in on its all-time high of 11,761, hit earlier this month. The Sensex was up 200 points at 39,115. Banking stocks led the gains with ICICI Bank rising 3%. SBI, IndusInd Bank, Axis Bank and Yes Bank were among the top gainers. Infosys shares continued to drag after its margin and growth guidance disappointed the Street. Infosys shares were down 0.60% after falling nearly 3% on Monday. Earnings, investment flows and elections are likely to be the key drivers for Indian markets this truncated week. Indian markets would remain closed on Wednesday and Friday for Mahavir Jayanti and Good Friday....
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