Recovery in NEPSE: Index Rises by 49.18 Points, Gains 1.99%

The Nepali stock market continued its recovery today, with the NEPSE index rising by 49.18 points, closing at 2519.57 points. This represents a 1.99% improvement, signaling a positive trend that has boosted investor sentiment.

Key Market Statistics:

• NEPSE Index: 2519.57 points (+49.18 points, +1.99%)

• Total Transaction Amount: NPR 4,813,223,004.49

• Total Traded Shares: 12,498,989 shares

• Top Gainers: WNLB, NYADI, UNLB, SMJC, TSHL

• Top Traded Companies: NGPL, AHPC, CHDC, HRL, API

Reasons Behind Market Recovery: Several key factors contributed to today's market improvement:

• Reduction in Interest Rates: Recent reductions in bank interest rates have increased investor interest in the stock market, positively impacting the market's recovery.

• Festive Positivity: With the Dashain festival approaching, the market has shown signs of recovery. Investors believe the market will continue to improve after Dashain, leading to increased buying activity.

• Increased Investor Confidence: The recent recovery has boosted investor confidence, resulting in more buying and a continued upward trend in the market.

Technical Chart Analysis:

According to technical charts, today's market recovery is significant. The main indicators observed are:

• Market’s Initial Trend: The market showed signs of recovery from the start of the day. It continued to climb during the afternoon session, successfully surpassing the 2515-point level.

• Support and Resistance Levels: The 2475-point level is considered strong support in the market. Today's recovery showed that the market found solid support at this level.

• Volume Analysis: Today's trading volume was also notable. High-volume buying has strengthened the market's recovery.

Future Market Direction: Today's recovery suggests that the market may continue to improve in the coming days. If the market can maintain the 2515-point level, further gains are possible. With positive economic indicators, the market is likely to see continued improvement.

Investor Advice: Today's recovery has brought positivity to investors. However, investors should remain cautious in the coming days. It is essential to conduct technical analysis and seek expert advice before making any decisions. While this time may be suitable for long-term investment, careful consideration should be given to any decisions.

Conclusion: The Nepali stock market continued its recovery today, with the NEPSE index rising by 49.18 points, or 1.99%. This increase has brought stability to the market, boosting investor confidence after recent declines. According to technical charts, the market has maintained significant support levels, and further recovery seems likely in the coming days. Investors can view this time positively, but careful decision-making remains essential.