NEPSE Index went up by 7.38 points to close at1,180.98 points; NEPSE cross resistance of 1175 points, will it make new high?

The benchmark index at Nepal Stock Exchange went up by7.38 points or 0.63% to close at 1,180.98 points. The NEPSE index has crossed the resistance level of 1175 points. Now, the bullish run of NEPSE is headed to make new high crossing all time high of 1205 points. Looking at today’s trends now the hydropower and insurance sectors are set to push up the market to set a new record. Today nepse index opened at1173.64 points and was seen in an upward trend from the second trading hour of the day. The total turnover of the day stood above Rs50.83 crore where more than 13lakhs unit shares were traded through 4,752 transactions. Sensitive index and the float index went up by 1.92 points and 0.58 points respectively. Except Banking and Finance all the sectors at NEPSE landed in green. Hydropower sector went up by 118.67 points.