Recovery or Phase of Churn? NEPSE Holds 2599 Support Amid Heavy Sector Rotation

Oct 1, 2026
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The Nepal Stock Exchange (NEPSE) index closed marginally in the green, gaining 0.26 points to settle at 2,599.15 points. Market activity remained robust, recording a total turnover exceeding Rs 4.8 billion as 12,065,555 shares changed hands across 353 traded scripts. With today's price adjustments, the total market capitalization stood at Rs 4.47 trillion.

Market Breadth

Advance (139)
Decline (128)
Unchanged (12)

AD ratio > 1.0 indicates positive market breadth and slight bullish control, meaning there were 1.09 gaining stocks for every 1 losing stock.

Top Gainers/Losers

Top Turnovers

These top 5 securities generated NPR 1.086 Billion in total volume, accounting for approximately 22.2% of the entire daily market turnover (NPR 4.89 Billion)

All five top turnover stocks closed in positive territory, signaling net accumulation and a bullish preference among market participants across banking, hydropower, investment, and manufacturing sectors.

Sector Wise

Liquidity Concentration: Hydro Power dominated total volume with NPR 2.13 Billion, followed by Banking Sub (NPR 834.2 Million) and Manufacturing & Processing (NPR 721.7 Million).
Sector Performers: Banking (+0.39%) and Development Banks (+0.22%) led gains, whereas Trading (-1.05%) and Non-Life Insurance (-0.50%) faced the steepest pullbacks.

Technical Outlook:

Trend & Price Action

Index Level: The NEPSE index is consolidating around 2,598 – 2,600 following a pullback from September highs near 2,647.

Key Support Zone: 2,580 – 2,588 serves as the immediate demand zone. A breach below 2,580 could trigger further downside toward the secondary support region near 2,520 – 2,540.