Nepse Index Rises 6 Percent, Increases by 75.77 Points, Closes at 1336.53 Points

Jul Wed 2020 07:43:24

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Nepse Index Rises 6 Percent, Increases by 75.77 Points, Closes at 1336.53 Points

The market closed prematurely on Tuesday and Wednesday with a positive circuit in the Nepse index.

Ensuring that share margin credit limits will increase, more liquidity, declining interest rates and other positive factors will also boost investor sentiment.

There is a huge demand for buying shares in the market. Demand seems to have increased excessively due to the lack of supply of sales along with the rise in the stock market.

 The market closed on Wednesday after the Nepse index rose by more than 6 percent. In the first hour and 23 minutes of trading, the NEPSE index rose by 6 percent or 75.77 points to 1336.53 points.

The market, which has been rising steadily since opening, rose 4 percent in the first 13 minutes and 5 percent in 35 minutes. The stock market was suspended for Wednesday after the open market rose another 6 percent after 40 minutes.

The life insurance group rose by 548.53 points while the non-life insurance group rose by 322.41 points. Similarly, 82.3 points in the banking group, 33.48 points in the business group, 57.06 points in the development bank group, 33.67 points in the hydropower group, 4.75 points in the finance group, 102.57 points in the production and processing group and 20 points in other groups. 94 points, 101.23 points in the microfinance group and 0.01 points in the mutual fund group.