On the first trading day of the week, NEPSE drops by 11.46 points and halts at 1926.28.
Similarly, the sensitive index also decreased by 2.10 points and stopped at 374.73 points.
Today, when 25,24,224 shares of 221 companies were traded, the total transaction amount reached 74,72,26,625 rupees. In today’s business, all sub-indices except others have decreased.
After the announcement of the monetary policy for the financial year 2079/80, the stock market increased by 61.05 points on Sunday and increased by 54.45 points to 2132.96 on Monday.
NEPSE index increased by 2. 62% While the sensitive index measuring the turnover of ‘A’ class companies has also increased by 9.05 points to 407.38 points.
Along with the NEPSE index, the trading amount has also increased to 4,106,818,941 rupees. All the sub-indices went green with 7 companies trading in a positive circuit while 9,944,048 shares were traded of 214 companies.
The stock market, which started rising on Monday morning, declined by 9.75 points in the last minute and stopped at 2076.67 points.
Despite the decline in Nepse, the transaction amount on Monday has increased as compared to Sunday. A total of 10,981,591 shares of 234 companies were traded with the total turnover of Rs. 4,349,273,593.
Although the government has not been able to legalize the use of virtual currency, Nepal Rastra Bank is preparing to introduce digital currency in the domestic market.
Many countries have started issuing digital currency to facilitate seamless transfer of value with lower transaction costs. Speaking at an event on Wednesday, NRB Deputy Governor Bam Bahadur Mishra said the central bank was ready to replace the use of physical currency with virtual currency. As India prepares to launch a digital version of its currency by the end of March 2023, Nepal Rastra Bank appears keen to bring in digital currency.
NRB has formed a task force to study the feasibility of implementing digital currency in Nepal. A committee has also been formed under the coordination of Deputy Governor Mishra to give necessary suggestions regarding the use of digital currency.
The Nepse index has declined by 44.56 points to 2419.80 points on the first trading day of the week today .
The Sensitive Index, which measures the trading activity of Class A companies, also fell by 8.87 points. The transaction amount exceeded Rs 2 billion. A total of 5 million 95 thousand 834 shares of 233 companies were traded through 40 thousand 507 transactions during the day. Out of which, the transaction amount has reached Rs. 2 billion 267 million 86 thousand 628.
The Indian government will soon legalize digital and cryptocurrency. On the occasion of the budget speech of the Government of India for the fiscal year 2022-23, the government said that it will soon give legitimacy to digital and cryptocurrency.
The announcement was made by Finance Minister Nirmata Sitharaman on the occasion of her budget speech for the fiscal year 2022-23, according to Indian media. According to local media reports, the Central Reserve Bank of India will recognize digital and cryptocurrency and issue the currency through various technologies, as announced by Finance Minister Seemarman. It is said that 30 percent tax should be paid to the government for trading cryptocurrency after the currency gets legal recognition.
The Indian government expects the country’s economy to benefit if digital currency is recognized. However, the Indian government did not issue any directives on digital and cryptocurrency during the budget speech.
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