Nepse Index down by 9.20 points to close at 1693.07 points; Market plunged & later recovered

The benchmark index at Nepal Stock Exchange went down by 9.20 points or 0.54% to close at  1693.07points. Nepse Index opened at 1702.34 points and went down to  1654.71 points during the second trading hour of the day. Well, there has been a roller coaster ride almost the entire day. The thrill, indeed, has been way more than a terminator movie. We have to have thankfulness towards HIDCL, SBL, MBL and JBNL and the regulatory as an investor. The thing is we expect subtle volatility in days to come, however, it doesn't mean that all those companies will continue under perform severely. Insurance has shown tremendous recovery. There has been quite strong buying spree actually in the latter part of the day, however, it doesn't necessarily imply that the market has to rise. The total turnover of the day stood above Rs 1.13 arba, where more than 16 lakhs unit shares were traded through 5,213 transactions. Sensitive index and float index went down by 1.99 and 0.77 points respectively. Except Manufacturing & Production and Others, all the sectors at Nepse landed on red.