NEPSE Drops 15.43 Points to Close at 2,545.40 Despite Turnover Rebound to Rs 4.19 Arba

Sep 9, 2026
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Nepal Stock Exchange (NEPSE) index surrendered its previous session's gains today, declining by 15.43 points (-0.60%) to settle at 2,545.40. The decline follows yesterday’s temporary relief rally of 18.07 points.

Despite the benchmark dip, overall market engagement saw a sharp upturn. Total market turnover rose to Rs. 4.19 Arba, up significantly compared to prior trading sessions, as institutional and retail market participants reshuffled portfolios amid fresh corporate updates.

Market Dynamics & Highlights

Index Movement: The market opened on a positive note at 2,577.05 and touched an intraday high of 2,578.43 before profit-booking pushed the index down to a low of 2,543.22.
Volume & Liquidity: Over 10.96 million shares (10,965,542) were exchanged across 352 companies via 50,804 independent transactions.
Capitalization: Total market capitalization ended at Rs. 43.78 Kharba, while float capitalization finished at Rs. 14.76 Kharba.

    NEPSE Intraday Range
    [Open: 2,577.05] ───> [High: 2,578.43] ───> [Low: 2,543.22] ───> [Close: 2,545.40] (-0.60%)

Sectoral Breakdown

The market saw broad-based profit taking across sector sub-indices, led by non-life insurance companies. Conversely, the commercial banking sector demonstrated relative resilience, limiting overall downside pressure on the main index.

Sector Sub-Index	Sector Performance (%)	Market Impact / Sentiment
Banking Sub-Index	-0.15%	Most resilient sector; institutional support anchored lower boundary.
Microfinance	-0.62%	Moderate distribution witnessed across core listings.
Hydropower Sector	-0.88%	Divergent movement; select individual names spiked on stock-specific news.
Life Insurance	-1.20%	Extended consolidation after early session gains.
Non-Life Insurance	-1.57%	Heaviest hit sector; drag on wider sentiment.

Top Movers & Stock-Specific News

Turnover Leader: Reliance Spinning Mills Limited (RSML)

Reliance Spinning Mills Limited dominated active trading floors today, topping the liquidity chart with a massive turnover of Rs. 42.76 Crores. The scrip closed at Rs. 2,993.00, serving as the chief liquidity driver during the session.

Top Gainer: Upper Lohore Khola Hydropower Company (ULHC)

Upper Lohore Khola Hydropower Company Limited surged directly into the 15.00% upper circuit lock to finish at Rs. 299.00, as aggressive buy orders dominated order depth books throughout the trading day.

Market Drag: Emerging Nepal Limited (ENL) Hit by Massive Supply Fear

Shares of Emerging Nepal Limited (ENL) tumbled 15.00% to hit the lower circuit floor. The sharp drop came after the company notified NEPSE that six major shareholders—collectively holding 857,539 shares—intend to divest their promoter holdings over the next three months.

The announcement sparked immediate panic among retail market participants due to supply shock concerns, driving three listed companies to hit lower circuit locks during the session.

Technical Analysis Perspective

               [2,600 Resistance Zone]
                         ┬
                         │
          ▲              │  
          │    [2,578 Intraday Rejection]
    Index │              │
    Value │       ┌──────┴──────┐
          │       │  2,545.40   │  <-- Current Close
          │       └──────┬──────┘
          │              │
                         │
                         ┴
                [2,520 - 2,530 Support Base]

1. Candlestick & Price Action Patterns

Bearish Engulfing/Rejection: Today's session produced a solid red candlestick that retraced the entirety of the previous trading day's gains (18.07 points).
Upper Wick Supply: The intraday peak at 2,578.43 met sharp distribution near the psychological 2,580–2,600 resistance belt, indicating that sellers remain active near key overhead resistance.

2. Support & Resistance Levels

Primary Resistance: 2,580 – 2,600 (Intraday high + multi-week supply zone).
Immediate Support: 2,520 – 2,530 (Confluence of recent swing low and short-term horizontal support).
Secondary Structural Support: 2,480 (Crucial psychological level).

3. Volume Analysis & Momentum Indicators

Divergence Warning: Higher turnover (Rs. 4.19 Arba) paired with a declining index signifies distribution, meaning larger market players unloaded positions into early strength.
RSI (Relative Strength Index): The 14-period RSI currently hovers around the 48–52 mid-band zone, signaling a neutral, sideways-to-bearish stance without immediate oversold conditions.
Summary Outlook: Until NEPSE decisively reclaims and holds above the 2,580–2,600 range on high volume, price action favors range-bound consolidation between 2,520 and 2,580.