Decliners overwhelmed advancers 286 to 45 as the ^NEPSE fell -1.21% to 2,657.5 on turnover 47.2 above its median.
Executive Summary
Selling was broad and one-sided. The ^NEPSE closed at 2,657.5, a change of -32.65 or -1.21%, with 286 scripts declining against 45 advancing and 11 unchanged. The advance-decline ratio of 0.16 confirms that decliners clearly outnumbered advancers.
The decline occurred on heavier-than-usual activity: turnover ran 47.2 above the median, a combination of falling prices and rising participation that points to distribution rather than drift. 70,228 transactions were recorded across 342 traded scripts, with 19,822,392 shares changing hands for Rs 7.18 Arba in turnover.
Markets Today
The index moved from a previous close of 2,690.15 to 2,657.5, a loss of -32.65 (-1.21%). The move was classified as strong in magnitude and came with turnover 47.2 above the median, so the weakness was not a thin, low-volume drift.
Breadth deteriorated sharply relative to the prior session. The advance-decline ratio fell from 0.7 to 0.16, a change of -77.1, leaving the market firmly in the hands of sellers.
Index Snapshot
^NEPSE closed at 2,657.5 against a previous close of 2,690.15, a change of -32.65 or -1.21%. The session's decline of -1.21 places it among the stronger single-session moves in the recent record.
Breadth
Decliners outnumbered advancers by a wide margin: 286 against 45, with 11 scripts unchanged. The advance-decline ratio stood at 0.16, down from 0.7 in the prior session (-77.1).
Circuit activity reinforced the same picture, with 0 scripts at the negative circuit against 0 at the positive circuit. 2 scripts touched new fifty-two-week highs and 1 touched new lows.
Sector Performance
Non-Convertible Debenture led the sector table with a median change of 0.00% and breadth of 7/8, displacing Development Banks as the previous session's leader. The strongest sector by median change was Non-Convertible Debenture at 0.00%.
At the other end, Others was the weakest group, with a median change of -2.16% and breadth of 0/9. The weakest sector by median change was Others at -2.16%.
Top Movers
BENH was the session's top gainer at +13.58%, while SLCF was the top loser at -4.86%. GHL recorded the highest turnover.
Among individual streaks, BENH extended an up run to 7 sessions. MAKAR fell for a 3-session down streak, and ULHC was down for 3 sessions.
Turnover
Turnover of Rs 7.18 Arba was 47.2 above the median over the trailing 10 sessions. 19,822,392 shares were traded across 70,228 transactions in 342 scripts.
Rising turnover alongside a falling index is a cautionary combination for holders, as it indicates that the decline was met with active supply rather than thin, incidental selling.
Key Observations
Breadth was decisively negative, with 286 decliners against 45 advancers and an advance-decline ratio of 0.16, down from 0.7 previously. The index's -1.21% decline came on turnover 47.2 above the median, and Others was the weakest sector at -2.16%.
On the corporate calendar, VLUCL had a book close on 2026-11-02 for Cash dividend 3.68%.
Technical snapshot & sector sentiment
The NEPSE index closed at 2,657.5 (-1.21%). On the latest completed session, RSI(14) read 66.6 (neutral) and the index sat above its 50-session average by 2.92%. Our regime classifier reads up-trending, low volatility. The composite sentiment gauge is Fear at 42/100. Our latest ratings (2026-10-30) put 128 counters bullish against 53 bearish.
| Sector | Median | Adv / Dec | Our read |
|---|---|---|---|
| Non-Convertible Debenture | 0.00% | 7 / 8 | — |
| Mutual Fund | -0.50% | 16 / 25 | — |
| Microfinance | -1.05% | 1 / 47 | Bullish (16 up, 15 down) |
| Hydro Power | -1.18% | 11 / 97 | Bullish (57 up, 14 down) |
| Manufacturing And Processing | -1.31% | 2 / 14 | Bullish (5 up, 4 down) |
| Finance | -1.37% | 2 / 12 | Bullish (3 up, 2 down) |
| Investment | -1.41% | 0 / 8 | Bearish (3 up, 2 down) |
| Life Insurance | -1.43% | 0 / 14 | Bullish (9 up, 1 down) |
| Commercial Banks | -1.44% | 4 / 16 | Bullish (19 up, 0 down) |
| Hotels And Tourism | -1.61% | 1 / 7 | Bullish (3 up, 4 down) |
| Non Life Insurance | -1.72% | 0 / 13 | Bearish (1 up, 3 down) |
| Development Banks | -1.82% | 1 / 15 | Bullish (9 up, 3 down) |
| Others | -2.16% | 0 / 9 | Bearish (2 up, 4 down) |
“Our read” rolls up our stored technical verdicts for each sector's constituents (a documented heuristic, not advice).
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