Shares of NMDC, the country's largest iron ore producer, continued their upward trajectory for the third consecutive trading day on Monday, surging by 1% to reach a 14-year peak of ₹271.70 per share. The last time the stock reached this level was in 2010.NMDC's shares have been on an upward trend since June 2023, closing nine out of ten subsequent months in positive territory and accumulating.
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Three energy stocks showed a decisive breakout in the technical chart pattern despite sharp selling last Friday. Those three breakout stocks are Tata Power, Power Grid Corporation of India, and Coal India Ltd. Generally, a breakout stock jumps after giving a decisive breakout on the chart pattern, and the market was expecting some upside on these three energy shares.
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The Bitcoin network recorded its one billionth transaction, according to data from Clark Moody’s Bitcoin dashboard. Bitcoin transactions and their corresponding fees have been a key discussion point among industry participants in recent weeks, in part, due to the introduction of Bitcoin Ordinals and Runes. The network’s genesis block was mined by its founder Satoshi Nakamoto in January 2009.
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