Gold imports shrink 30.5% to $15.7 billion in Apr-Nov

Gold imports witnessed a fall of 30.5% to $15.74 billion in April-November of the current financial year, which is expected to keep a lid on the current account deficit (CAD).Total imports of the precious metal in the corresponding period of 2015-16 stood at $22.64 billion.

Softening prices of the precious metal globally as well as locally are seen to be at work. Stock Market Astrology Tips

However, gold imports grew for the second straight month in November by rising 23.24% to $4.36 billion, according to the Commerce ministry data.The Inward shipment had seen fall till September since February this year. It recorded a positive growth in October and last month. Intraday Trading Tips

The increase in gold imports pushed the trade deficit to about two-year high of $13 billion in November from $10.33 billion in the same month last year.India is one of the largest gold importers in the world and the imports mainly take care of demand from the jewellery industry. Commodity Trading Tips

For the full year of 2015-16, CAD stood at $22.1 billion, or 1.1% of GDP, as against $26.8 billion, or 1.3%, in 2014-15.In volume terms, the country's total official gold imports declined to 60 tonnes in April-July of this fiscal, much lower than 250 tonnes in the year-ago period. India imported 650 tonnes of gold in 2015-16. Nifty Trading Tips

Apparel makers advance end-of-season sales

Leading textiles manufacturers plan to recover over half of their business in the next six weeks by advancing end-of-season sales.Apparel and home textiles manufacturers have lost 30-50 per cent of their business since demonetisation. Dealing largely in cash, unorganised sector players have lost more. Organised sector players, which witnessed a sharp decline in sales, have advanced their yearly stock-clearing sales by five weeks.Financial Astrology Tips

"We see improved sentiment in the New Year. The plan is to be ahead on year-end sales," said Nagesh Rajanna, chief executive officer, Bombay Dyeing.The company is offering up to 40 per cent discount on its products.Apparel and home textile manufacturers normally announce sales in the second fortnight of January to clear inventory at up to 50 per cent discount. This year, they have announced the sale in mid-December. “We estimate a recovery in business during the sale period,” said RK Dalmia, president, Century Textiles.  Astrology and Numerology Trading Tips

Arecanut farmers seek extension of market invention scheme

Arecanut farmers have asked the central government to extend the market intervention scheme (MIS), currently offered to growers in Karnataka till December 31 this year, up to May 2017. Farmers also want the scheme to be extended to growers in Kerala, said S R Satishchandra, president, Central Arecanut and Cocoa Marketing and Processing Cooperative (Campco). Commodity Trading Tips

The central government had last week announced it would procure white arecanut at a Rs 251 a kg and the red variety Rs 270 a kg from Karnataka, under MIS, in a bid to help farmers reeling under price crash. In the past two years, arecanut prices have come down from Rs 75,000 to roughly Rs 25,000  a quintal now. MIS is a price support mechanism implemented on the request of state governments for procurement of perishable and horticultural commodities in the event of a fall in market prices. The total demand of the crop in India is estimated at around 1.2 million tonnes, while production is pegged at 703,000 tonnes. Nifty Trading Tips  

While there are 14 states producing arecanut, around 50 per cent of the arecanut production is in Karnataka.Growers are attributing the price drop mainly to imports. Most traders import the crop from Indonesia – through Sri Lanka – by getting ‘certificate of origin’ from Sri Lanka by value addition and processing. Imports from Sri Lanka to India attract zero per cent customs duty under the India-Sri Lanka free trade agreement. India had imported 67,824 tonnes of arecanut worth $159 million in 2015-16 against 110,000 tonnes worth $229.96 million in 2014-15.  Future & Option Trading Tips

Wockhardt shares jump 3% as Daman unit gets GMP certificate from UK MHRA

Shares of drug firm Wockhardt surged over three per cent on bourses in early trade today after the UK health regulator confirmed that its manufacturing facility at Chikalthana in Maharashtra complies with good manufacturing practices (GMP).On BSE, the scrip opened at Rs 699 and jumped 3.24 per cent to an early high of Rs 704. At 1147 hours, it was trading at Rs 689.50, up 1.11 per cent.

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On NSE, the stock opened at Rs 698.90 and rose 3.07 per cent to an early high of Rs 703.75. At 1147 hours, it was trading 0.86 per cent up at Rs 688.60.In a BSE filing yesterday, Wockhardt said, "UK MHRA (UK Medicines and Healthcare products Regulatory Agency) has since confirmed that general compliance with the principles and guidelines of good manufacturing practice of the company's manufacturing unit at L-1, Chikalthana, Aurangabad. Intraday Trading Tips

Metal, oil & gas sectors see sharpest rally in seven years in CY16

Oil & gas and metal sectors are set to post their biggest yearly gain since 2009, when they had rallied 73 per cent and 234 per cent, respectively. Thus far in 2016, both indices have gained 26 per cent and 40 per cent, respectively, compared with a 0.98 per cent rise in the benchmark – the S&P BSE Sensex till Monday.On the other hand, classical defensive plays such as information technology and pharmaceuticals have recorded a negative return of nine per cent and 11 per cent, respectively, while consumer durables and real estate sectors lost nine per cent and five years, respectively, on a year-to-date basis. Astrology and Numerology Trading Tips

Among individual stocks, Hindalco Industries and Vedanta from the metal pack have become multi-baggers, gaining 100 per cent in 2016. Hindustan Zinc (84 per cent) and Tata Steel (58 per cent), too, surged more than 50 per cent thus far in the current calendar year. Indraprastha Gas, Hindustan Oil Corporation and Petronet LNG from the oil & gas pack surged between 52 per cent and 72 per cent during the year.   Stock Market Astrology Tips

As regards metals, analysts say the global rally has been driven by a surge in raw material prices (iron ore and coking coal) due to temporary supply issues and not by a structural improvement in demand. “While it is difficult to estimate the timing of normalisation of supply (until which iron ore and coking coal prices could remain elevated and domestic steel prices could see some short term increase), prices should trend lower in the longer term. Moreover, we do not see any meaningful lift to global steel demand outlook even if the recent ado about US/Japan increasing infrastructure investments is implemented,” points out a recent research note on the sector from Ambit Capital. Ashish Kejriwal, an analyst with Elara Capital remains positive on Hindalco and Vedanta. With aluminium producers focusing on cutting cost. Stock Market Astrology Tips

Vedanta to cut aluminium making cost

Buoyed by lower alumina and coal costs, diversified metals and mining conglomerate Vedanta plans to keep its aluminium manufacturing cost below $1,400 a tonne.  Nifty Trading Tips

In its projection for the September quarter, Vedanta said its aluminium-making cost stood at $1,473 a tonne in the April-September period, while its production cost declined to $1,462 a tonne. The fall in aluminium-making cost was on the back of lowering alumina and coal costs.Vedanta would also be aided by using power from its own sources. It has permission from the state power regulator – Odisha Electricity Regulatory Commission – to draw up 1,800 Mw power from its 2,400 Mw power station at Bhurkamunda, close to its aluminium-smelting facility, without paying cross subsidy charges.  Future & Option Trading Tips

 

Vedanta is going for a disciplined ramp-up of its aluminium smelters at Jharsuguda and the Balco (Bharat Aluminium Company) unit at Korba (Chhattisgarh) as it eyes a production figure of 1.1 million tonnes (mt) this year. Its production in the first half of FY17 was 0.54 mt.Ramp-up plan in this period was impacted by power outages at its second smelter at Jharsuguda and Korba. Of the 168 pots affected at Jharsuguda, 26 have been restarted and the rest are being repaired. At the Balco unit, 167 pots have been impacted and they are scheduled to be put in order in the January-March quarter. Financial Astrology Tips

Deep Industries hits record high; stock gain 35% over QIP price

Deep Industries gained 8% to Rs 313, also its record high on the BSE, in otherwise range-bound market on back of heavy volumes.The stock is trading at 37% premium over its qualified institutional placement (QIP) price of Rs 228 per share.On December 9, 2016, Deep Industries has raised a total amount of Rs 63.84 crore by issuing 2.8 million equity shares of face value Rs 10 each to Qualified Institutional Buyers (QIB). The funds raised are intended to be utilized to meet long term working capital requirements and thereby business growth. Stock Market Astrology Tips


The company said the shares were subscribed by foreign institutional investors (FIIs) & foreign portfolio investors (FPIs).“With a healthy order pipeline, strong customer relationships and a long track record in end to end project execution, we shall be a natural beneficiary of the increasing prospects in the Indian Oil?Gas Services space,” Paras Savla, chairman & managing director said.
“Deep has many large clients and foresees a healthy order book going forward. With this fund raise we will get funding flexibility to capitalize on the opportunities available in the Oil?Gas Services space and shall endeavor to be a frontrunner in this space,” Savla said.  Intraday Trading Tips


Deep Industries had reported a more than doubled consolidated net profit at Rs 33 crore in the first half (April to September) of the current financial year 2016-17 (FY17). It had profit of Rs 15 crore during the same period of FY16.The stock has strong run-up in past three months, appreciating 61% from Rs 195 on September 20, as compared to 7.5% decline in the S&P BSE Sensex.At 11:01 am; it was up 6% at Rs 309 against a marginal 0.09% rise in the benchmark index. The trading volumes on the counter nearly doubled with a combined 663,060 shares changed hands on the BSE and NSE so far.  Commodity Trading Tips

Welspun Enterprises gains on share buyback plan

Welspun Enterprises has moved higher by 12% to Rs 66.65 on the BSE in intra-day trade after the company said the board will meet on December 22, 2016, to consider the option to buy back the equity shares of the company.  Financial Astrology Tips


Thus far in calendar year 2016, the stock of construction & engineering company had underperformed the market by 7% as compared to 1% gain in the S&P BSE Sensex till Monday.

At 11:46 am; the stock was up 9% at Rs 65 on the BSE on back four-fold jump in trading volumes. A combined 888,708 shares changed hands on the counter on the BSE and NSE.  Astrology and Numerology Trading Tips

Gayatri Projects extends gain on stock split plan

Gayatri Projects was up 5% to Rs 657 in intra-day, extending Monday’s nearly 5% gain on the BSE, after the company said the board will meet on December 26, to consider the stock split.
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“The meeting of the board of directors of the company is scheduled to be held on December 26, 2016, to consider and approve the sub-division of the nominal value of the equity shares of Rs 10 per share to Rs 2 per share,” Gayatri Projects, the company engaged in construction & engineering business said in a BSE filing.A stock split is a decision by a company’s board to increase the number of shares that are outstanding by issuing more shares to current shareholders. The primary motive is to make shares seem more affordable to small investors even though the underlying value of the company has not changed.  Commodity Trading Tips

However, in calendar year 2016, the stock had underperformed the market by 19% as compared to 1.4% rise in the S&P BSE Sensex till Friday, December 16, 2016.At 10:17 am; the stock was up 3% at Rs 646 on the BSE against a marginal 0.10% rise in the benchmark index. A combined 19,926 shares changed hands on the counter on the BSE and NSE. Future & Option Trading Tips

8K Miles Software gains as board approves acquisition of Cornerstone

8K Miles Software Services has rallied 6% to Rs 679 on the BSE in intra-day after the company said its board approved the proposal to acquire Cornerstone, a leading healthcare information technology services Company.  Astrology and Numerology Trading Tips

“The company’s US-subsidiary 8K Miles Software Services, INC has entered into a definitive agreement to acquire Cornerstone Advisor Group, LLC (Cornerstone), a leading US healthcare information technology company for $102.50 million inclusive of earn-out payments as a combination of cash and stock from the 8K Miles US-subsidiary,” 8K Miles Software said in a release.

This acquisition is subject to customary closing conditions and is expected to close in quarter ending March 31, 2017, it added.At 09:52 am; the stock was up 5% at Rs 672 on the BSE, as compared to 0.14% rise in the S&P BSE Sensex. A combined 36,622 shares changed hands on the counter on the BSE and NSE.  Stock Market Astrology Tips

Tata Group shares in focus after Cyrus Mystry quits; TCS up 2%

Tata Group stocks such as Tata Consultancy Services (TCS), Tata Steel, Tata Motors, Tata Power, Tata Chemicals and Indian Hotels were trading mixed on Tuesday after ousted Tata Sons chairman Cyrus Mistry quit from the boards of these six Tata companies. The move came after a bitter eight-week boardroom battle.  Nifty Trading Tips

Reacting to the development, TCS and Tata Power gained over 2% on the BSE in the late morning deals in an otherwise flat market. TCS was the top Sensex gainer and added as much as 2.38% to Rs 2343 on BSE. Tata Power surged 2.71% to Rs 79.35. Tata Steel, however, slumped over 1% to Rs 405, while Tata Chemicals, Tata Steel and Indian Hotels were trading flat. In an interview to Business Standard, Mistry promised to take his fight against the Tatas to a legal forum but did not give details. “In the past eight weeks, I saw a lot of coercive action from the Tatas towards shareholders, debt holders and employees, which is making all the three uncomfortable. In various representations to shareholders, I had said it was not about me or about my position. My resignation proves that," Mistry said. Future & Option Trading Tips 

He would, however, continue to remain a director on the board of Tata Sons. The announcement of Mistry’s resignation came after he attended a “routine” Tata Sons board meeting during the day. Monday’s board meeting brought Mistry and his former mentor, Tata, in the same room for the first time (since October 24) but they did not speak to each other, according to sources. Financial Astrology Tips

As gold prices wobble, hedge funds cut bets

Gold is in the doldrums. Prices have fallen for six straight weeks, the worst streak in a year, as prospects for higher US borrowing costs damped demand for gold, a for non-interest-bearing asset. Investors don’t seem too optimistic about the outlook for 2017. Hedge funds cut their bets on a rally to the lowest since February, while outflows are ramping up from exchange-traded funds.After the metal’s best first half since 1979, bullion has been losing its luster as US equities rallied to records. A stronger dollar and rising bond yields have also crimped demand for the alternative asset. Federal Reserve officials last week signaled a steeper path for interest rates in 2017, after raising borrowing costs for the first time this year. While money managers have cut their wagers on a gold rally for five consecutive weeks, their net-position is still more than double what it was at the end of January.

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“People are still too optimistic on gold,” said John LaForge, the Sarasota, Florida-based head of real assets strategy at Wells Fargo Investment Institute. “We’re in a price purgatory for a lot of commodities, including gold. You’re going to have a lot of investors and strategists like myself reduce their price forecasts.”The net-long position, or bets on price gains, for gold declined 15 per cent to 68,905 futures and options contracts in the week ended Dec 13, according to US Commodity Futures Trading Commission data released three days later. The holdings are down 61 per cent over the five-week slump.On the Comex in New York, gold futures added 0.3 per cent to $1,141 an ounce on Monday, after a 2.1 percent loss last week. Prices touched $1,124.30 on Dec 15, the lowest since February. Earlier this year, bullish sentiment for gold was partly driven by political uncertainty as Britain voted to exit the European Union and amid a heated US election cycle. Just before Americans took to the polls on Nov 8, gold was trading near a one-month high. Since then, prices have slumped about 11 per cent as there’s been relative calm in the election aftermath and as equities rallied on president-elect Donald Trump’s pro-business policies. Investors are positioning for more stability. In the month through Dec 15, they pulled $6.2 billion from ETFs tracking precious metals — the largest withdrawal across asset classes, data compiled by Bloomberg show.  Intraday Trading Tips

The biggest casualty was SPDR Gold Shares, the top fund backed by bullion. Holdings in global gold ETFs dropped for 26 straight sessions through Friday, the longest slide since 2013. While assets in the gold ETFs are still up for the year, Goldman Sachs Group Inc. estimates that the “vast bulk” of the holdings are losing money at current prices, analysts said in a Nov. 21 note. If investors were to withdraw from even half of those money-losing holdings, Commodity Trading Tips

Aam Aadmi waiting, while 'change' agents converting Rs 1 crore in 1 hour

MUMBAI: Crores of people may still be spending hours queuing up before banks to withdraw their few thousands, but for a few, exchanging their crores don't require breaking a sweat.

Illegal exchange of demonetised currency notes is rampant and the people involved in the trade say they have agents across the country who can get you the newly minted notes in a matter of hours. The commission they take, of course, is steep.Future & Option Trading Tips



ET spoke to a number of people in the trade of exchanging old notes with new. "If you have Rs 1 crore in cash, we can exchange it in one hour, anywhere in the country," said Jiten, one of the people claimed to have been involved in the trade. "Of course, you would have to pay a commission."


Jiten said he can exchange up to Rs 5 crore a day — but with a condition. "You have to be referred to us by someone who has already exchanged the money," he said.  Financial Astrology Tips



The commission is currently 10%. That is, if you exchange Rs 1 crore of old notes of Rs 1,000 and Rs 500, you will have to forgo Rs 10 lakh.

Jiten is just a cog in what is a large wheel, said people in the trade and those who know about it. There are many people active in several parts of the country, and in many cases, fingers are being pointed at bankers for supplying them with new notes. Astrology and Numerology Trading Tips

While banks are claiming that they are being unfairly targeted, those in the trade laugh it off, saying that managers to cashiers at many bank branches, both private and state-run, are part of the racket. There have been several cases where bankers have been booked for diverting funds and laundering black money for private gains. Stock Market Astrology Tips

Pain before gain for banks after demonetisation

The shock move to abolish high-value banknotes was expected to deliver a windfall to lenders, and banks have indeed seen coffers swell after people deposited Rs 12.4 trillion ($183 billion) in cash into the system.

But while banks may benefit in the longer term, so-called "demonetisation" has hit them hard in the immediate aftermath, with demand for credit plummeting and additional costs incurred to make the transition.  Stock Market Astrology Tips



Prime Minister Narendra Modi's decision to remove Rs 500 and Rs 1,000 notes to funnel illicit cash into the formal financial sector has led to a severe cash shortage as the central bank has replaced barely a third of the higher-value notes that had been in circulation.    Intraday Trading Tips



That has hit business confidence and dented demand for loans, hurting banks that were already battling the weakest loan growth in nearly two decades.

Not that they have resources to process loans anyway. 


"Our top priority is to provide relief to our customers, while lending could wait for some time," said Vaibhav Anand, who manages a branch of state-run Bank of India in Parliament Street, near PM Modi's office in New Delhi.

For a sector that has long struggled with low profitability and sour loans currently totalling $136 billion, even a temporary hit is painful.  Nifty Trading Tips

SAIL in talks with Japan's Nippon Steel, Kobe for tie-ups

 Steel Authority of India Ltd is in talks with Japan's Nippon Steel & Sumitomo Metal Corp and Kobe Steel Ltdfor potential technical agreements to help the firm expand its global footprint, SAIL's chairman told Reuters. SAIL - which has been in the red for six quarters - may also consider buying troubled domestic steel firm assets if offered a "cheaper price", Prakash Kumar Singh said in his first official response to a government proposal that state steel, power and shipping firms take over assets of indebted private companies.

India's biggest state-owned steel producer has already held an initial round of talks with Japan's top steelmakers, Singh said, adding that the steel produced through the tie-ups could be sold to defence sector.  Commodity Trading Tips

"The defence sector is using a lot of steel. So for all those grades, there is continuous improvement in R&D. And for penetrating these markets also - Japan and Europe - we need to understand their technologies, their uses. Therefore these tie-ups will be handy," Singh said.   Future & Option Trading Tips



SAIL already supplies steel to the Indian navy and army, primarily for battle tanks.

Separately, the company is in talks with two European steelmakers for similar partnerships, Singh said, without giving any specifics as the discussions were in initial stages.    Stock Market Astrology Tips
  

SAIL is also ironing out details with the world's biggest steel producer, ArcelorMittal, for a proposed 60 billion rupees ($884.36 million) joint venture, Singh said.

"It will be difficult to give a time frame. But we are quite confident that we can sort it out."



SAIL plans to raise output of saleable steel in the year starting April 2017 by about 10 percent to 16.5 million tonnes, Singh said. It is aiming for a 10 percent jump in 2017/18 exports, versus an estimated 700,000 tonnes shipped this year.


"We need to reduce production from our inefficient units and produce more from the efficient (units) in order to survive," Singh said in the interview.

Before Cyrus Mistry took charge, companies run by his cousin Mehli gained 300 times from Tata Group contracts

A 30,000%, or 300 times, jump in business in 20 years. The man who runs the companies that posted those results is Mehli Mistry, cousin of Cyrus Mistry.

ET's review of Mehli Mistry's business shows reserves of three companies - M Pallonji and Company Private Ltd(MPCPL)   Stock Market Astrology Tips



Tata Power awarded some of the major contracts to Mehli Mistry's companies during this period. After Cyrus Mistry assumed charge in 2012, a bidding process was adopted for contract renewals and Mehli Mistry's companies lost some of these contracts.   Intraday Trading Tips



People close to Cyrus allege that Mehli, who's believed to be close to Ratan Tata, had a part to play in his cousin's ouster from Tata Son's chairmanship.

In an earlier ET profile of Mehli Mistry ('The Other Mistry in the Tata Drama', November 21), Mehli had denied that he had any role in Cyrus' removal. People close to Ratan Tata had said the same thing.



ET sent questions to Tata Sons on November 30, but got no response. Mehli Mistry did not respond to ET's request for comments. A Tata Power spokesperson said that the company would respond in detail.  Commodity Trading Tips 



RK Krishna Kumar, former Tata Sons director, told ET via email that "every Tata company has a well-established...procedure to deal with tenders and no single person can circumvent that process". He also said, "I have...known Mehli Mistry for over 20 years and can categorically say that, to the best of my knowledge, he has sought no favours... and if his company has been awarded the contracts...it must have been purely on economic merit".

Rupee recoups 6 paise against dollar

The rupee edged higher by 6 paise to 67.81 against the US dollar at the forex market in early trade on Tuesday on fresh selling of the American currency by exporters.

Besides, the dollar's weakness against some currencies overseas and early gains in the domestic equity market supported the rupee, dealers said.  Nifty Trading Tips

On Monday, the rupee had lost 11 paise to end at 67.87 on fresh dollar demand from importers and banks. Heavy capital outflows besides near-term consequences of the Federal Reserve rate hike largely kept market sentiments shaky despite a dollar retreat.  Future & Option Trading Tips

Meanwhile, the benchmark BSE Sensex was trading higher by 53.28 points, or 0.20 per cent, at 26,427.98 in early trade.    Financial Astrology Tips

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Sensex flat, Nifty hovers around 8,100 in lack of market cues

Benchmark indices opened on a flat note tracking mixed cues from Asian markets after US markets gained in overnight trade.At 9:17 am, the Nifty 50 index was trading nearly 1 point lower at 8,103 levels, while the S&P BSE Sensex as trading 30 points higher at 26,404 levels. Among broader markets, BSE midcap was up 0.12% while BSE Smallcap gained 0.09%. Stock Market Astrology Tips 

 
"Nifty has been consolidating in a range of 8055 to 8275 zones since last sixteen trading sessions and it has multiple pauses in between this broader range on both the side. Index may remain range bound till the trading range is not taken out decisively but stock specific activity is likely to continue in the market," said Anand Rathi Technicals in a note.Meanwhile, on Wednesday, foreign investors sold equities worth Rs 535.77 crore, while domestic investors bought equities worth Rs 556.36 crore.
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Sectors and Stocks

Coal India, ITC, TCS and NTPC were the top gainers at BSE Sensex while Adani Ports, HUL, Bharti Airtel and PowerGrid were the top laggards.Coal India gained over 1% after Goldman Sachs initiated coverage on Coal India with 'Buy' rating with a target price of Rs 360.Telecom stocks extended losses with RCom, Bharti Airtel and Idea fell between 0.69%-1.5%.Most Tata Group stocks were trading in green after Cyrus Mistry's resignation yesterday.  TCS,  Commodity Trading Tips

Ambiguity on removal date of Cyprus from tax black list

The governments of both India and Cyprus have said the island nation has been taken out of the former’s ‘black list’ with retrospective effect from November 2013 but experts say the notification’s drafting is such that it seems the move has prospective effect.

Cyprus was declared a ‘non-cooperative jurisdiction’  by Delhi in November 2013 for not sharing information on Indian account holders. It was the first tax jurisdiction to be so labelled by India.With this, the number of taxes was increased on payments made to investors of that country. For example, the withholding tax on returns earned on debt investments was raised to 30 per cent from the then 10 per cent. The tax on fees for technical services and royalty payments were raised to 30 per cent, from 15 per cent.    Stock Market Astrology Tips

Observers say the notification by the income tax department here is not in sync with the statements of both governments. The I-T department stated: "...the central government hereby rescinds the notification... dated November 1, 2013, except as respects things done or omitted to be done before such rescission, with effect from the date of publication of this notification." In contrast, the government had stated the notification on Cyprus statement had been “rescinded with effect from November 1, 2013".       Intraday Trading Tips

Amit Maheshwari, managing partner with Ashok Maheshwary & Associates, said intent of the government was that the tag  on Cyprus be rescinded with retrospective effect, but draft gives  an impression that it is done with prospective  effect. This would lead  to ambiguity in the  minds  of investors, he said.     Financial Astrology Tips