Gandhi Special Tubes Ltd recommended at Rs.152 hit the buyer freeeze today. The scrip is still holding up in this mad correction: Rasoi Ltd recommended at Rs.240 and Rs.220 to the Free Group in this blog hit the buyer freeze: The markets today went down due to margin pressurein the cash market: Accumulate Kohinoor Broadcasting, Ennore Coke Ltd, Elnet Technologies Ltd, Madhav Marbles & Granites Ltd, H S India Ltd and BOC India Ltd on all declines: Some mouth watering news awaits in BOC India Ltd, Ennore Coke Ltd and Kohinoor Broadcasting Corporation Ltd:

Stocks Seek to Extend Gains Following Employment Report; Bond Insurers Cause Worry

Wall Street sought to extend its gains Thursday, fluctuating as investors absorbed more bad news about bond insurers but received economic data that suggested the job market remains largely undented. The market rose in early trading, but wobbled after news that Fitch Ratings lowered its rating on bond insurer Security Capital Assurance Ltd. Bond insurers have been hurt in the fallout from the mortgage and credit crisis, and news of their problems has shaken the market. Although investors were clearly interested in buying, there was little conviction behind the gains -- the market is still searching for clues about the economy in hopes of determining if it might be bottoming or if it's heading toward a recession. Those looking for good news could point to a Labor Department report that found the number of people seeking unemployment benefits last week fell for a fourth straight week. Applications for benefits dropped by 1,000 to 301,000 -- pushing claims down to the lowest level in four months. Given the market's recent volatility, it remains less likely that even sizable gains or selloffs in stocks will hold as each session unfolds. A stunning turnaround Wednesday, while certainly a relief for many investors, illustrated the fractiousness that has settled into Wall Street in recent months. Bill Dwyer, chief investment officer at MTB Investment Advisors in Baltimore, said Wall Street has found some relief in moves by lawmakers and regulators who are trying to aid both consumers as well as bond insurers. He said the Federal Reserve's decision to lower interest rate this week could also help some struggling homeowners hold onto their properties. The efforts, he said, could ultimately help stave off recession. "People have that 'R' word stuck on the front of their forehead. It's really just a dramatic slowing of growth. We may not have a recession," he said. In midday trading, the Dow Jones industrial average rose 2.85, or 0.02 percent, to 12,273.02 after briefly rising more than 100 points but also falling into negative territory. Broader stock indicators also bobbled but managed gains. The Standard & Poor's 500 index rose 1.08, or 0.08 percent, to 1,339.68, and the Nasdaq composite index rose 17.04, or 0.74 percent, to 2,333.45. Advancing issues outnumbered decliners by about 3 to 2 on the New York Stock Exchange, where volume came to 991.8 million shares. The Dow on Wednesday swung 631.86 points from its low point to its high -- its largest single-day reversal in more than five years. The big moves on Wall Street come as Washington is trying to assemble a stimulus package aimed at spurring consumer spending, which accounts for more than two-thirds of U.S. economic activity. Bond prices fell. The yield on the benchmark 10-year Treasury note, which moves opposite its price, rose to 3.63 percent from 3.55 percent late Wednesday. The dollar was mixed against other major currencies, while gold prices rose. Light, sweet crude oil rose 75 cents to $87.74 on the New York Mercantile Exchange. Word of the downgrade from Security Capital renewed some jitters about the stability of bonds. However, investors also looked to New York state regulators in hopes they can hatch a plan to shore up the bond insurance industry. New York Insurance Superintendent Eric Dinallo said in a statement Thursday it likely will take time to set up measures to help the industry. Fitch's move lowered the rating on Security Capital's financial strength to "A" from "AAA." It's essentially necessary for bond insurers to have a "AAA" rating to draw new business. The move follows Security Captial's announcement Wednesday that it planned to raise capital to forestall any downgrade. Security Capital fell 87 cents, or 23 percent, to $2.92. Beyond bond insurers, investors had concerns about the health of corporate profits. Online auctioneer eBay Inc. said late Wednesday its fourth-quarter earnings and revenue showed gains. While the results were stronger than Wall Street had expected, investors were concerned by the company's first-quarter forecast, which fell short of expectations. The stock fell $1.88, or 6.5 percent, to $27.06. Ford Motor Co. reported it lost $2.7 billion in the fourth quarter as weakness in North America offset gains in markets elsewhere, though the loss was narrower than the $5.6 billion seen a year earlier. Excluding special items, Ford's results fell just short of Wall Street's expectations. Ford slipped 13 cents, or 2.1 percent, to $6.17. AT&T Inc. fell 70 cents to $35.99 after reporting its fourth-quarter profit rose on gains in its wireless business and growth in its broadband Internet sales. Results from the nation's largest telecommunications company were in line with forecasts, according to Thomson Financial. Investors found reason for optimism from strong results from the world's largest maker of mobile phones. Nokia Corp. said its fourth-quarter earnings jumped 44 percent to $2.6 billion and that it had managed to meet a long-term goal of hitting 40 percent market share for handset sales. Nokia rose $2.57, or 7.9 percent, to $35. The Russell 2000 index of smaller companies fell 4.16, or 0.60 percent, to 689.27. Overseas, Japan's Nikkei stock average closed up 2.06 percent and Hong Kong's Hang Seng index fell 2.29 percent. Britain's FTSE 100 closed up 4.75 percent, Germany's DAX index surged 5.93 percent, and France's CAC-40 jumped 6.01 percent