New Delhi, May 4 -- Domestic stock benchmarks advanced on Friday, marking their longest weekly winning streak this year, driven by heavyweight Reliance Industries. Investor sentiment was further bolstered by steady foreign investments and renewed hopes for a potential trade agreement between India and the U.S.

The Nifty 50 edged up 0.05% to close at 24,346.7, while the BSE Sensex climbed 0.32% to 80,501.99. Both indices had surged nearly 1% earlier in the day before trimming gains.

For the week, the Nifty gained 1.3% and the Sensex rose 1.6%, posting their third consecutive weekly advance.

Sumeet Bagadia, Executive Director at Choice Broking, believes that the Indian stock market is trading sideways to positive as the Nifty 50 index is...