The Nepal Stock Exchange (NEPSE) index surged by 34.42 points on Wednesday to close at 2,694.82, marking a 1.29 percent rise from the previous session.

Investor sentiment remained robust, with total turnover reaching an impressive Rs9.74 billion. A total of 30,182,341 shares of 317 companies changed hands through 89,468 transactions.

All sectoral sub-indices ended the day in positive territory. The life insurance group led the rally with a gain of 2.83 percent, followed by non-life insurance at 2.51 percent and development banks at 2.31 percent.

Other notable gainers included the banking sector, which rose by 1.36 percent, finance by 1.99 percent, hotels and tourism by 0.71 percent, and hydropower by 0.47 percent. The investment sub-index edged up by 1.01 percent, while manufacturing and processing increased by 0.69 percent, microfinance by 0.56 percent, and the mutual fund group by 0.06 percent. The trading and others sub-indices rose by 1.76 percent and 0.91 percent, respectively.

According to NEPSE, Green Development Bank Limited and Khanikhola Hydropower Company saw the highest gains of the day, with their share prices climbing by 9.99 percent. On the downside, the '9% ICFC Finance Limited Debenture–2088' posted the biggest loss, falling by 3.31 percent.