Asian Markets Plans to invest Rs 2,300 cr.

<img src="http://www.niftytradingtips.in/Asain Paints.png" alt="Nifty">Following Asian Markets, S&P BSE Sensex was trading at 29211.93 rs with change of 0.71%. It was rallied as 206 points intraday today (i.e Wednesday). According to reports, Shares of Asian Paints has gained higher, so the company is planning to invest Rs. 2,300 crores over a period of 5 to 7 years to set up the integrated plant.

Also there might be a possibilty of setting up the integrated paint manufacturing plant in Karnataka and Madhya Pradesh as well; Company said. Location of the plant will be decided by the company which is based on the availability of land such as other issues and regular approvals.

Nifty Fifty share index was trading at 8822.60rs with above 59 points or a change of 0.70% including gains of Axis Bank, BPCL, Cairn India, Grasim, HCL Tech, Hindalco. It touched a intraday high of 8840.65 and low of 8798.00 in trade today.