NEPSE jumps 33 points on first trading day of year 2083

The market surged by double digits on the first trading day of the Nepali New Year 2083, with the benchmark NEPSE index climbing 33.27 points to close at 2,866.87 on Wednesday.

During intraday trading, the index briefly reached a high of 2,879 points before easing slightly toward the close. The rally was broad-based, with all 13 sector indices posting gains. The hotel and tourism sector led the advance, rising by 3.16%, followed by notable gains in hydropower (2.14%) and trading (2.33%).

A total of 221 companies recorded share price increases, while 45 declined and three remained unchanged. Seven companies hit the daily upper circuit limit of 10%, including Rizline Energy, Suryakunda Hydropower, Hotel Forest Inn, Sindhu Development Bank, Palpa Cement, Super Khudi Hydropower, and Shikhar Power Development.

Market turnover also saw a significant rise, with shares worth NRs 10.54 billion traded, up from NRs 8.66 billion in the previous session. Shivam Cement topped the list of most actively traded companies, with transactions totaling NRs 580.9 million. Other heavily traded stocks included National Hydropower, Reliance Spinning Mills, Solu Hydropower, and Ridi Power.

Among notable movers, Solu Hydropower gained 8.63%, Narayani Development Bank rose 5.53%, and Oriental Hotel increased by 5.14%. On the losing side, Reliance Spinning Mills posted the steepest decline of 5.61%, followed by Upakar Laghubitta, which fell by 4.44%.