Market expert Sunil Shah on Tuesday said the record highs hit by the Sensex and Nifty showed the good intent of the government towards development and added that better days will follow if the trend continues.
"It's a very good day for investors, better days will follow if the trend continues. Figures show good intent, intent of development of government, besides some offshore rationales," said Shah.
The Nifty gained a record high of 157 points to hit 8700 levels for the first time while the Sensex also surged over 550 points to a new high of 28,829.29.
A positive momentum from RBI rate cut and some offshore rationales continued to help the markets.
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