NEPSE Dips 4 Points while MFILPO Trades Big on Heavy Institutional Turnover

Sep 30, 2026
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The NEPSE Index closed in the red at 2,598.89 points, declining 4.82 points from the previous trading session. The market recorded a total turnover of approximately Rs. 4.76 Arba, with 12,655,374 shares changing hands during the session.

Meanwhile, the total market capitalization stood at Rs. 4,470,393,041,105.50 at the close of trading.

Market Breadth

Advance (109) 39 %
Decline (157) 56%
Unchanged (13) 5%

A/D Ratio: 0.69:1

This indicates that for every 1 declining stock, there were approximately 0.69 advancing stocks, reflecting broader negative market breadth.

Gainers/ Losers

The gainers and losers indicate a mixed and stock-specific market, where buying interest remained concentrated in selected counters while selling pressure affected several others. This pattern is consistent with a market characterized by selective accumulation and profit-booking rather than broad-based buying momentum.

Turnover

The top 5 stocks by turnover collectively account for NRs 1.11 Arba (23.3%) of the total market turnover of NRs 4.77 Arba. GHL alone absorbed over 8.28% of the total market turnover (NRs 3.94 Cr), indicating massive liquidity and strong investor interest

Sector Wise

Sector Outlook

HydroPower Allocation: Extreme volume without major price movement suggests a potential consolidation phase. Look for breakout opportunities in individual gainers like SPHL.

Banking & Core Equities: Minor pullbacks in Banking and Manufacturing on solid turnover present attractive entry points for dividend-seeking or value-focused accumulation.

NEPSE Index Technical Outlook

NEPSE Index is undergoing a short-term consolidation phase, testing crucial psychological support zones near 2,600. The market has been drifting downwards with light, controlled sell-offs rather than panic-driven dumping.

Key Technical Indicators & Price Action

Current Index Level: 2,598.89 (down 4.82 points, -0.19%).
Trend & Structure: The overall intermediate trend remains range bound-to-cautious. The index is forming a horizontal flag/consolidation structure around the 2,580 – 2,600 range.
Volume & Liquidity: Daily total market turnover hovers around NRs 4.6 – 4.8 Billion. The lower turnover during corrective days indicates volume contraction, signaling seller exhaustion rather than heavy institutional distribution. RSI & Momentum: The relative strength index (RSI) across major sub-indices sits in neutral territory (near 45–50), leaving room for expansion in either direction without being overbought or oversold.
Sector Concentration: Sector rotation is keeping liquidity intact, with over 50% of daily turnover concentrating in Hydro Power alongside high-volume activity in Manufacturing & Processing and Banking.

Technical Support & Resistance Levels

Level Type	Price Zone	Technical Significance
Major Resistance (Target 2)	2,680 – 2,720	Critical supply zone; a breakout here opens a path toward 2,800+.
Immediate Resistance (Target 1)	2,635 – 2,650	Breakdown point from recent swing highs; short-term hurdle.
Immediate Support Zone	2,580 – 2,600	Key demand zone and recent swing lows; holding this level keeps the consolidation intact.
Major / Critical Support	2,520 – 2,550	Major moving average confluence and strong structural baseline.