2. MOIL IPO subscribed 0.76 times; should you subscribe
The initial public offering (IPO) of MOIL (formerly Manganese Ore India) has
been received good response on day one despite weak market conditions. It
has been subscribed 0.76 times, as per data available on National Stock
Exchange
MOIL aims to raise over Rs 1200 crore via offering of 336 lakh equity shares at
higher end of price band of Rs 340-375. Retail investors and MOIL employees
will get shares at 5% discount to final offer price. The issue will close for
qualified institutional bidders on November 30 and for other investors on
December 1.
MOIL is obviously the India’s largest manganese ore producer and the quality
of their mines are also very high and there is also growth in the business. They
continue to find new reserves and we think that basically the stock should
trade at some sort of premium to the fair value of its reserves and based on
that we put a value around Rs 470. So even at the high end of that IPO pricing
range, there is decent upside if somebody wants to hold the stock for a year or
so and that is why we recommend subscribing to the IPO."

3. Toyota Etios will come with Rs 5.25 lakh tag
 Toyota is all set to make a pitch for the Indian car market as it launches
Etios, the entry-level sedan, at an aggressive entry price of around Rs 5.25
lakh.
The car, the most ambitious product from Toyota’s stable, has been
specifically designed keeping in mind India and other emerging markets and
will take on well-established models like Maruti Dzire , Tata Indigo and
Honda City .
For which it has invested Rs 3,200 crore on a new plant near Bangalore
with an annual capacity of 70,000
Its current line-up in India includes multi-purpose vehicle Innova, luxury
sedans, Corolla and Camry, and SUV Fortuner and it hopes to sell around
73,000 units this year, expecting to double this to about 145,000 units after the
launch of the Etios.

4. Banks to continue to lend to realty, housing, say top
bankers
• State Bank of India Chairman, O P Bhatt said banks will not stop lending
to real estate and housing segment because of the scam unearthed by the
CBI .
• The real estate and the housing segments are important for the economy
and, hence, banks will not stop lending (to them), Bhatt told reporters
after a meeting of the Indian Banks Association (IBA) here
• The bank always monitors the end use of the fund it lends, the SBI Chief
said.
HDFC Bank Managing Director Aditya Puri and ICICI Bank's Chief, Chanda
Kochhar, both said the scam does not point to any systemic problem

5. Over 1,29,000 foreigners visited Taj Mahal during
CWG: Govt
• A total of 1,29,390 foreign tourists visited the "centrally protected
monuments at Agra, including Taj Mahal," in the month of October,
compared to 1,23,371 foreigners who visited the heritage site in the same
month last year, Minister of State for Tourism Sultan Ahmed said in a
written reply to a question in Lok Sabha
• According to the data presented by the Minister, a total of 5,55,352
domestic tourists also visited the Taj Mahal in October. Commonwealth
Games were organised in Delhi between October 3 and 14.
• the data shows that 29,70,221 Indian tourists visited Taj Mahal in 2009,
while their number was 26,22,956 in 2008 and 27,42,041 in 2007

6. Wild swings on D-Street: Is it time for
bottom fishing
The party is over. Indian markets are badly are bruised falling
from the levels of 21000 in Diwali
The end of day the Nifty was down 7.80 points or 0.82%
points ending below 5800 to settle at 5,751.95 and the Sensex
lost 181.55 points or 0.94% to close at 19,136.61.
In the last three weeks, the Sensex shed 1,868.35 points and
the Nifty 560.5 points from their all-time closing highs of
21,004.96 and 6,312.45 touched on Mahurat trading day,
respectively.
In this week, the markets continued downtrend for fourth
consecutive day today. Heavy sell-off due to lingering impact of
housing finance scam dragged Nifty below the all important
technical support area of 5700 and the Sensex below 19000
mark in morning trade but in second half of trade, indices
managed to show recovery due to short covering.