Nepse Index up by 31.26 points to close at 1,597.96 points; Banking sector pushes market in upward trend

On the first trading day of the week, The benchmark index at Nepal Stock Exchange went up by  31.26 points or 2 % to close at 1,597.96 points.NEPSE index opened at 1566.68  points and wasseen in an upward trend. The total turnover of the day stood above Rs 1.96 arba where more than 21.31 lakhs unit shares were traded through 7,354  transactions. Standard Chartered Bank has hit the circuit today. Sensitive index and float index went up by 7.31  and 2.21 points respectively. Except Hydropower, all the sectors at Nepse landed on green. Banking sector went up by 47.47 points. Yet another index high and yet another highest turnover;continuing the bullish trend of the market , the domestic index has reached another zenith.Both banking and insurance sector seem to be fetching significant interest among the investors. With commendable growth in banking, the overall scenario of the index is changing and yet again. The index which is currently stuck slightly below 1600 may not take too long to create another high.