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The Nepal Stock Exchange (NEPSE) posted a strong gain on the first trading day of the fiscal year 2026/27, with the benchmark index surging 79.74 points to close at 2,677.54.

After several sessions of modest fluctuations, investor confidence returned to the market, driving a broad-based rally. The Sensitive Index rose 11.51 points, while the Float Index and Sensitive Float Index gained 5.45 points and 4.13 points, respectively.

Despite the sharp rise in the index, trading turnover remained largely unchanged. A total of 10.39 million shares of 335 listed companies were traded through 58,094 transactions, with total turnover reaching Rs 4.57 billion, slightly higher than the previous day's Rs 4.56 billion.

Shares of Shreenagar Agritech Industries hit the 10 percent positive circuit, climbing Rs 125.70 to close at Rs 963.70. Suryakund Hydroelectric gained nearly 15 percent, while Shikhar Power Development advanced by more than 12.5 percent.

On the losing side, Aatmanirbhar Laghubitta Bittiya Sanstha recorded the steepest decline, falling 15 percent.

By trading value, Aankhukhola Hydropower led the market with transactions worth Rs 222.3 million, followed by Corporate Development Bank at over Rs 175 million and Reliance Spinning Mills at more than Rs 155 million.

Sector-wise, 12 of the 13 sub-indices ended higher. The Manufacturing and Processing sub-index posted the largest gain of 4.60 percent, while the Investment and Hydropower indices rose by more than 4 percent each. The Finance and Hotels and Tourism sectors also gained more than 3 percent.

The Mutual Fund sub-index was the only sector to close lower.

The strong start to the new fiscal year has boosted investor optimism, signaling renewed confidence in the stock market.