NEPSE rises 23.83 points to 2,960.40; Turnover hits Rs 14.83 billion amid bullish momentum

KATHMANDU: Nepal’s stock market closed higher on Tuesday, with the NEPSE Index gaining 23.83 points to settle at 2,960.40, extending its upward momentum despite intraday volatility.

Broad-Based Gains Led by Trade and Development Banks

The market showed mixed movement during trading hours but ended on a positive note, driven by gains in most sectoral indices except hotel & tourism, life insurance, microfinance, non-life insurance, and others.

The trade sub-index surged by 9.12%, marking the highest sectoral gain
Development banks index rose by 1.38%, supporting overall market growth

Out of the traded stocks:

136 companies recorded gains
117 declined, while
11 remained unchanged
Circuit Hits and Top Gainers

Two companies hit the positive circuit limit, while six others posted near-circuit gains:

Salapa Bikas Bank and Reliance Spinning Mills reached circuit levels
Solu Hydropower rose 9.99%
Himalayan Power Partner and Bhujung Hydropower gained 9.98% each
Hotel Forest Inn climbed 9.97%
Bishal Bazar Company increased 9.91%
Sindhu Bikas Bank advanced 9.90%
Market Turnover and Active Stocks

Total daily turnover reached NPR 14.83 billion, reflecting strong investor participation and liquidity in the market.

Top traded stocks included:

Radhi Bidyut Company with NPR 674.3 million
API Power Company with NPR 578.7 million
NIDC Development Bank Founder Shares with NPR 457 million
Political Developments Fuel Market Sentiment

Market analysts attribute the recent bullish trend to improving political clarity and investor optimism. The stock market, which had slowed following the Gen Z protests in Bhadra, has been trending upward since the House of Representatives election held on Falgun 21 (March 5, 2026 AD).

Investor sentiment has further strengthened amid expectations of a new government formation, with Balen Shah reportedly preparing to lead the next administration under the Rastriya Swatantra Party.

Market at 8-Month High

The current level of NEPSE marks its highest point in the past eight months, signaling renewed confidence in Nepal’s equity market driven by political transition, liquidity flow, and sectoral rallies, particularly in hydropower and banking stocks.

Top Loser

On the downside, First Microfinance recorded the highest decline, falling 6.56%.

With strong turnover, sectoral momentum, and improving investor confidence, analysts suggest the market may continue its upward trajectory in the short term, although profit booking and political developments will remain key factors influencing market direction.

Fiscal Nepal |
Tuesday March 24, 2026, 03:47:40 PM |


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