Indian stock markets reached new record highs with the Nifty 50 surpassing the 24,600 mark for the first time, driven by gains in IT stocks. The Sensex also climbed, closing at 80,665 points. HCLTech shares surged 4% following the company’s Q1 FY25 results, which were in line with expectations. Brokerages have mixed views on HCLTech, with Nomura maintaining a buy rating while Citi raised its target but remained neutral. Avenue Supermarts also saw positive brokerage calls, with JPMorgan and BofA maintaining buy ratings and setting target prices at Rs 5,400 and Rs 5,465, respectively. The broader market sentiment was positive, with the GIFT Nifty indicating a strong start and other sectors like Nifty IT and Nifty Midcap hitting all-time highs.