Nepse Index up by 6.81 point to close at 1722.53 points; Banking and Development banks hikes by double digit

On the first trading day of the week, the benchmark index at Nepal Stock Exchange went up by 6.81 points or 0.40% to close at  1,722.53 points. Index opened at 1798.15 points. Despite the early gains, market has rectified remarkably afterwards. The apparent attraction is towards development banks and banking institutions at the time being. With quite a healthy performance overall the market is bound to shine. Investors seem to be very much judicious in general. Though uncertainity remains arduously there are many facets in general. Negative signs right away are almost non existent and we are almost certain that there will be subsistence in upcoming periods. As even tenacious variablity may not be too far there is an obvious need for caution. The total turnover of the day stood above Rs 1.43  arba, where more than 22  lakhs unit shares were traded through 5,931 transactions. Sensitive index and float index went up by 1.55  and 0.5 points respectively. Except  Hydropower and Insurance, all the sectors at Nepse landed on green.