NEPSE Up 2200 points soon : Only Selling Pressure market not increase even the bank's interest rate confirm to decrease

Jan Sat 2023 04:37:05

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NEPSE Up 2200 points soon : Only Selling Pressure market not increase even the bank's interest rate confirm to decrease

Kathmandu . Since the arrival of the new government, the stock market's enthusiasm has increased, and since then, the turnover has been continuously decreasing. Although the interest rate is certain to decrease from January, the stock market continued to decline on Thursday.

According to Bankers Association, the interest rate will decrease in January. At present, the commercial banks' normal term interest rate is 12.13. According to the association, the interest rate will decrease by 1.13 percent from January. So now the interest rate of deposit will be 11 percent.

Although the interest rate for instant deposits will decrease, the interest rate for loans will not decrease. Meanwhile, bankers are predicting an increase in the base rate. Also, as the end of December is approaching, the selling pressure has increased due to the pressure to pay income tax, according to experts. But their analysis is that since the share turnover is above 5 billion, the morale of the investors will increase in the market.

Similarly, the brokers say that the selling pressure has increased due to the psychology of investors who did not go above 2200. A broker said, 'When the market of 1800 comes to 2200, it seems that the sellers who book profits have increased. Closing may also have an effect. However, this has not decreased for the long term.

The NEPSE index fell by 41.02 points to 2149.41 points. Similarly, sensitive also decreased by 7.89.

Shares worth about 5.5 billion rupees have been bought and sold today. In terms of turnover, Shivam Cement and Reddy Power are leading. Today, Shivam Cement's shares worth Rs 22 crore were bought and sold, while Reddy Power's shares worth Rs 17 crore were bought and sold.