The Nepal Stock Exchange (NEPSE) Index surged 2.79% (80.97 points) to close at 2,973.70 on Tuesday, July 22. It marked the sixth straight day of gains and the largest single-day points increase since August 1, 2024, when the index had jumped 114.70 points (4.57%).

Daily turnover reached Rs 20.08 billion, up from Rs 16.33 billion on Monday. Turnover had hit an 11-month high of Rs 21.46 billion on Sunday.

The ongoing rally follows the announcement of the monetary policy on July 11 for fiscal year 2025/26, which began on July 17.

Out of 250 listed companies traded, 236 advanced while only 14 declined.

A total of 43.58 million shares changed hands through 177,101 transactions, compared to 35.64 million shares in 138,828 transactions the previous day.

All major sub-indices closed in the green. The Sensitive Index rose 2.88%, the Float Index climbed 2.77%, and the Sensitive Float Index gained 2.71%.

Trade Tower Limited (TTL) was the top gainer, hitting the upper circuit to close at Rs 535.80 per share. Shivam Cements Ltd (SHIVM) and Sanvi Energy Limited (SANVI) followed, each gaining 9.99%.

On the losing side, the 11% L.B.B.L. Debenture 2089 (LBBLD89) fell the most, dropping 3.94% to close at Rs 1,215 per share.

Nepal Reinsurance Company Limited (NRIC) led the turnover chart with Rs 718.88 million in transactions. Shivam Cements Ltd (SHIVM) followed with Rs 688.31 million, while Himalayan Reinsurance Limited (HRL) recorded Rs 560.12 million.

All 13 sectoral indices ended in positive territory. The Manufacturing and Processing Index led with a 4.63% gain, followed by Life Insurance at 4.36%, and Microfinance at 4.07%. The Mutual Fund Index rose the least at 0.56%.

Total market capitalisation increased to Rs 4,962.12 billion from Rs 4,826.99 billion the previous day.