Manufacturing Leads, Others Slips: Sector Breakdown for March 31, 2026

A look at Nepal's stock market sector performance on March 31, 2026 shows a broadly positive picture — eight of nine sub-indices ended in the green. Manufacturing led with a 1.94% surge driven largely by Reliance Spinning Mills (RSML) hitting the 10% circuit. The only laggard was the Others sub-index, which slipped 0.55%. This sector breakdown gives investors a clear picture of where money moved on Nepal's bourse today.

Full Sector Performance — March 31, 2026

Sub-Index	Closing Value	Change (pts)	Change (%)	Trend
NEPSE Composite	2,851.09	+19.70	+0.69%	↑
Manufacturing	10,594.75	+202.41	+1.94%	↑↑
Development Banks	6,165.15	+55.45	+0.90%	↑
Non-Life Insurance	11,470.35	+87.61	+0.76%	↑
Banking	1,490.91	+11.38	+0.76%	↑
Trading	3,977.38	+29.28	+0.74%	↑
Sensitive Index	484.84	+3.26	+0.67%	↑
Sensitive Float	165.74	+1.02	+0.62%	↑
Microfinance	5,061.10	+26.00	+0.51%	↑
Others	2,292.41	-12.77	-0.55%	↓

Manufacturing — Session Leader at +1.94%

The Manufacturing sub-index surged 202.41 points (+1.94%) to close at 10,594.75, making it the clear sector leader of March 31, 2026. The primary driver was Reliance Spinning Mills (RSML) hitting the 10% upper circuit at Rs 2,679.30. SYPNL (SY Panel Nepal) also contributed significantly with Rs 374.49M in turnover at Rs 1,899.90 per share.

The Manufacturing sector on NEPSE includes textile manufacturers, consumer goods producers, and increasingly, solar panel manufacturers. At 10,594.75, the Manufacturing sub-index is at elevated levels, reflecting strong investor interest in Nepal's manufacturing growth story.

Development Banks — Solid +0.90% Gain

The Development Bank sub-index added 55.45 points (+0.90%) to close at 6,165.15. Despite the sector's overall gain, SAPDBL (Saptakoshi Development Bank) fell 8.96% — the day's biggest individual loser. This illustrates how strong-performing development banks outweighed SAPDBL's decline to keep the index positive.

Banking and Insurance — Twin 0.76% Gains

Both the Banking sub-index (+0.76% to 1,490.91) and Non-Life Insurance sub-index (+0.76% to 11,470.35) gained an identical 0.76% on March 31, 2026. The Banking sector's gain came despite CZBIL's 2.67% decline, as most other banking counters moved higher. The Non-Life Insurance sector's 87.61-point gain to 11,470.35 reflects its high absolute index level and relative valuation premium.

Others — The Only Decliner at -0.55%

The Others sub-index slipped 12.77 points (-0.55%) to 2,292.41. This index tracks companies that don't fit neatly into the major sector categories. The mild decline suggests mild profit-taking or sector rotation out of some non-classified stocks.

The March 31, 2026 sector performance reinforces a key theme: Nepal's Manufacturing and Development Bank sectors are showing increasing investor interest while the Others category faces mild selling pressure. The broad-based rally across eight sub-indices suggests healthy market participation. Sector rotation from Hydropower (which saw some decliners) into Manufacturing and Insurance is worth watching for continuation in coming sessions.