Kathmandu. The NEPSE index, which reached its highest point of 3200 on 2nd of August last year, started its upward journey as soon as the new government was formed. There are two main reasons for this happening: one, the then finance minister Bishnu Paudel became the finance minister again and the other, the first cabinet decision of the Prachanda-led government to focus on the development of the entire economic sector, including the capital market.

Regardless of what the Finance Minister claims, all transactions are actually at a standstill, now. Since the economy cannot become viable, there is concern everywhere about what kind of risky things to do tomorrow. Even when the previous government adopted a strict economic policy, the economy of the country is not able to improve relatively. There is still concern whether the country will follow the path of Sri Lanka. Recent reports have shown that revenue collection is so poor that it cannot even cover current expenditure.

World Bank and IMF have predicted that the global economic recession will deepen in 2023. However, by showing Prachanda and Poudel, who have been tested time and again, the stock market has been boosted. Yes or no, now it is seen that even ordinary investors are getting excited about whether the market will increase or not.

Investors of the capital market, who were sitting on their heads until last week, are in shock since the beginning of this week. Surprisingly, the Nepali capital market has started to see a high growth rate. The turnover is also gradually increasing. This week, the first trading on Monday increased by 56.87 points, the market increased by 59.86 points on Tuesday.

NEPSE's business, which has been exceeding the common sense for a long time, was only 1 atharva, on Monday it was cut by 2 atharva and on Tuesday it reached 4.5 atharva. Which has prepared the basis for arguing that the market has caught the rhythm by showing the vertical line to the alleged stock analysts. In this situation, a natural question has arisen - has the market caught the rhythm?

The answer is correct. That's not it. Why not, in these two days, there has been no concrete factual indication that the economy will improve. That's right, the Prime Minister and the Minister of Finance only talked about sales while meeting the businessmen and assuming office

What we need to understand is that the current finance minister hardly knows the difference between financial policy and monetary policy. Similarly, you may have heard that there is a fundamental difference between micro and macro economics. Well, he is a person who knows how to be loved by everyone. However, the market is so ruthless that that sentiment doesn't work. The material situation is not such as to support it.

Now the market is being boosted due to speculation that NEPSE touched a historical point in the past when Vishnu Paudel was the finance minister. So no one can present a solid basis for such assumptions. Again, it is not right to talk about a very sensitive subject like the capital market based on overestimates.

Therefore, the skeptics argue that the growth seen now cannot be considered natural. They are claiming that this increase cannot be other than 'pump and dump'. Therefore, if you try to understand it in another way, it will be a mistake. They have also given an additional warning - the capital market is so merciless that it does not forgive any mistakes. If they do not understand the right thing, small investors will sink badly.