Nepal Stock Market Summary March 30, 2026
The Nepal stock market experienced a sharp downturn on March 30, 2026, with the NEPSE index falling 47.71 points (-1.65%) to close at 2,831.39. This marks a continuation of the corrective phase that has gripped the market in recent sessions. Every single sector sub-index ended the day in negative territory, painting a uniformly bearish picture for Nepali investors.
NEPSE Index Technical Analysis
From a technical standpoint, the NEPSE index has broken below the short-term moving average support. The 2,831 level now becomes an immediate resistance zone. The index is approaching the critical psychological support at 2,800, and how the market behaves at this level will determine the short-term trend direction.
The Relative Strength Index (RSI) on the daily chart is moving towards oversold territory, which could attract bargain hunters if the index approaches the 2,780-2,800 zone. However, the MACD indicator continues to show bearish momentum with a widening gap between the signal and MACD lines.
Sector-wise Deep Dive
Banking Sector
The banking sub-index fell 1.86% to 1,479.52, losing 28.04 points. Commercial banks saw broad-based selling with ADBL declining 2.47% on a volume of 90,606 shares. The banking sector continues to underperform amid concerns about credit growth and rising NPLs in the system.
Hydropower Sector
Hydropower stocks were among the most actively traded today, with the sector index declining 1.93% to 3,898.93. Despite the sector decline, individual stocks like BJHL (+10%) and SKHL (+9.99%) bucked the trend. The high turnover in RIDI (Rs. 684M), NGPL (Rs. 438M), and API (Rs. 386M) suggests active churning rather than pure selling.
Trading Sector
The Trading sub-index was the worst performer, plunging 2.56% to 3,948.10, losing 103.86 points. This sector has been particularly volatile in recent sessions.
Manufacturing Sector
Manufacturing emerged as the most resilient sector, declining only 0.21% to 10,392.34. RSML (Reliance Spinning Mills) gained 10% to Rs. 2,435.80, showing strong buying interest in select manufacturing names.
Finance and Microfinance
The Finance sector dropped 2.00% to 2,512.15, while Microfinance fell 1.30% to 5,035.09. MPFL (-4.93%), UNLB (-7.23%), and CYCL (-6.86%) were notable losers in these sectors, indicating profit-booking in previously strong movers.
Volume and Liquidity Analysis
Market liquidity remained healthy despite the decline, with several stocks recording turnover above Rs. 300 million. The top five turnover leaders alone accounted for over Rs. 2.3 billion in trading value, suggesting that the market is seeing active participation rather than a liquidity drought.
Key Levels to Watch
- Immediate Support: 2,800 (psychological level)
- Strong Support: 2,750-2,780 zone
- Immediate Resistance: 2,860-2,880
- Strong Resistance: 2,900
Investor Strategy and Outlook
For long-term investors, this correction presents an opportunity to accumulate quality stocks at lower prices. Banking stocks with strong fundamentals and manufacturing companies showing earnings growth could be added on further dips. Short-term traders should wait for a clear reversal signal before taking positions. The market needs to hold above 2,800 to maintain the medium-term bullish structure.