Apr 06, Kathmandu - The Nepse index experienced a substantial rally on Monday, marking a notable recovery in the stock market.

The market climbed by 83.33 points, reaching 2,760.02 points, a rise of 3.11%. Market analysts attribute this positive momentum primarily to the proactive measures taken by the government, led by Finance Minister Swarnim Wagle. Wagle reassured investors that there would be no crackdown on the market and engaged in discussions with stockbrokers, sending positive signals to investors.

On Monday, the prices of 264 shares increased, while only three shares declined, and one remained unchanged. Shares of companies like Uparkar Laghubitta, Bhujung Hydro, Ridi Power, and National Hydro experienced positive circuit breaks. Super Hydro surged by 9.99%. The highest trading volume was recorded in Reliance Spinning Mills, with transactions totaling NPR 113 crore. Himalayan Re-Insurance traded worth NPR 54 crore, NRN Infrastructure NPR 48 crore, API Power NPR 31 crore, and Ridi Power NPR 30 crore.