The Nepal Stock Exchange (Nepse) index gained 45.12 points, registering 1.63 percent growth on Wednesday, to close at 2,802.52.

Daily turnover rose to Rs 8.31 billion, up from Rs 6.73 billion in the previous day, when the market had fallen by 2.71 points to close at 2,757.40.

Market capitalisation increased to Rs 4.764 trillion from Rs 4.687 trillion, adding Rs 77 billion in investor wealth.

Stock market analyst Manish Aryal said the rise is positive but noted that trading volume has not supported the increase. He said turnover should be above Rs 10 billion to Rs 12 billion for the market to hold above the 2,780–2,800 support range.

If supported by higher volumes, he said, the market could continue its upward trend.

The market opened at 2,772.82, reached an intraday high of 2,802.52, and touched a low of 2,766.99. Buying pressure was seen from the pre-market session, where the index gained 15.41 points, and continued throughout the day.

A total of 18,816,808 shares of 346 companies were traded through 98,162 transactions.

All 13 sub-indices rose, led by manufacturing and processing, which gained 3.87 percent. Hotels and tourism rose 2.56 percent, while hydropower gained 2.61 percent.

Other gainers included development banks (1.98 percent), finance (1.45 percent), investment (1.35 percent), life insurance (1.31 percent), microfinance (1.28 percent), banking (1.16 percent), non-life insurance (1.01 percent), mutual funds (0.99 percent), trading (0.61 percent), and others (0.15 percent).

SY Panel Nepal Limited (SYPNL) led turnover with Rs 468 million, closing at Rs 1,909. Other actively traded stocks included Reliance Spinning Mills Limited (RSML), Shivam Cements Limited (SHIVM), NRN Infrastructure and Development Limited (NRN), and National Hydropower Company Limited (NHPC).

Seven companies hit the upper circuit. They included RSML, Shreenagar Agritech Industries Limited (SAIL), Hotel Forest Inn Limited (HFIN), Super Khudi Hydropower Limited (SKHL), Ridge Line Energy Limited (RLEL), and Suryakunda Hydro Electric Limited (SKHEL), closing at Rs 3,899.50, Rs 1,303.50, Rs 684.20, Rs 619.30, Rs 885.50, Rs 707.10, and Rs 669.70, respectively.

Swet-Ganga Hydropower & Construction Limited (SGHC) led the losers, falling 4.35 percent to Rs 424. Other top losers included Prime Debenture 2085 (PBD85), Mai Khola Hydropower Limited (MKHL), Three Star Hydropower Limited (TSHL), and 7 percent Nabil Debenture 2089 (NABILD2089).