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The Nepal Stock Exchange (NEPSE) plunged by 33. 20 points to close at 1,971.10 points on Sunday.

Similarly, the sensitive index dropped by 5. 55 points to close at 377. 39 points.

A total of 6,723,400-unit shares of 284 companies were traded for Rs 1. 83 billion.

Meanwhile, Sayapatri Hydropower Limited was the top gainer today with its price surging by 10. 00 percent. Likewise, Sunrise First Mutual Fund, Upper Hewakhola Hydropower Company Limited, Asian Hydropower Limited, Manakamana Engineering Hydropower Limited and Citizen Life Insurance Company Limited were the top losers as their price fell by 10. 00 percent.

At the end of the day, the total market capitalization stood at Rs 2. 98 trillion.

Nepali Oil Corporation (NOC) has rolled back its decision to hike the prices of petroleum products following the directive of Prime Minister Pushpa Kamal Dahal.

Saying that the decision to hike the prices of petroleum products during the festival time would create problems to the people, the Prime Minister called the office bearers of the state-owned petroleum monopoly and directed them to withdraw the decision.

NOC on Saturday hiked the price of petrol and diesel by Rs 6 per liter, of kerosene by Rs 2 per liter and aviation fuel (both domestic and international) by Rs 8 per liter.

Similarly, the price of LP Gas was increased by Rs 215 per cylinder.

Prime Minister Pushpa Kamal Dahal has directed Nepal Oil Corporation (NOC) to withdraw its latest decision of hiking the price of petroleum products.

Talking to mediapersons after the meeting of the Council of Ministers today, Minister for Communications and Information Technology and government spokesperson Rekha Sharma said the Prime Minister has already directed the NOC to take back the price hike.

"The Prime Minister has directed the Nepal Oil Corporation to withdraw its decision of raising the price of petroleum products effective from today itself. Although the Corporation has adopted the automated pricing system, the PM issued this directive keeping in mind the problems this (the decision to hike price) would create to the people during the festival time," she said.

The government spokesperson said that the NOC will issue a notice today itself retaining the earlier price of petroleum products.

NOC on Saturday hiked the price of petrol and diesel by Rs 6 per liter, of kerosene by Rs 2 per liter and aviation fuel (both domestic and international) by Rs 8 per liter.

Similarly, the price of LP Gas was increased by Rs 215 per cylinder.

A doctor of Sinamangal-based Kathmandu Medical College has been assaulted on Sunday.

Dr Manish Khadka was attacked this morning while he was examining the patients in the OPD.

Relatives of the patient attacked Dr Khadka with the helmet for not examining the patients on time.

Police have arrested two persons for their alleged involvement in attacking the doctor.

Following the incident, doctors and health workers of the hospital staged a protest against the attack on their colleague who was deployed to examine the patients.

The government and the doctors, who have been staging the protests for a long time demanding security, signed an agreement only on Saturday.

Deputy Prime Minister and Home Minister Narayankaji Shrestha and representatives of the Nepal Medical Association signed the agreement.

Police have arrested the inmates who escaped from a juvenile center in Birta of Birgunj-4 two days ago.

SP Komal Shahi, Chief at the District Police Office, Parsa, said that Amarkant Thakur of Sarlahi and Pandav Yadav of Saptari, who escaped from the reform center at around 2 am on Friday by cutting the fence wire, were apprehended from different places of the border area of Sarlahi and Siraha.

Shah said that a separate police team deployed from the District Police Office, Parsa under the command of Inspector Dawa Sherpa and Sub-Inspector Binod Kafle nabbed one on Saturday night and another at around 10 am on Sunday.

According to a source, one was arrested from Sitamadi and another from Madhuwani of Bihar.

A team from the District Police Office, Parsa had left for India to search for the duo after they were seen heading towards Raxual on foot in the CCTV camera.

The center is holding a total of 126 prisoners.

Three police personnel and 11 inmates were injured when a clash broke out between two groups at the juvenile center on September 12.

The government is to form a high-level probe commission to investigate the gold smuggling case.

During a meeting of the nationally recognized parties held at the Prime Minister’s official residence in Baluwatar on Sunday morning, consensus was reached on forming the commission.

The government expressed its readiness to form the commission as per the demand of opposition parties including the CPN-UML.

The commission, which will have the tenure of three months, will have three members.

UML Whip Mahesh Bartaula said that a three-member commission will be formed under the headship of the formerhigh court judge and will have a tenure of three months.

Meanwhile, the parties, on the occasion, also urged the government to roll back its decision to hike the price of petroleum products.

Prime Minister Pushpa Kamal Dahal and CPN-UML Chairman KP Sharma Oli held a meeting in Baluwatar on Sunday.

During the meeting, the duo discussed formation of a high-level probe commission to investigate the gold smuggling case.

It has been learnt that the meeting ended on a positive note.

The Prime Minister will be addressing the House of Representatives (HoR) session today and the announcement of the formation of the Commission was likely before the session commences.

It may be noted that the Department of Revenue Investigation (DRI) had on July 19 confiscated around 61 kilos of gold that was smuggled into the country via Tribhuvan International Airport.

According to UML whip Mahesh Bartaula, the meeting ended on a positive note and they were close to a consensus regarding the agenda and jurisdiction of the Commission.

Though the ruling and opposition parties earlier agreed to constitute the Commission, consensus on its agenda and jurisdictions was awaited.

The UML continues to obstruct the House following the confiscation of the gold, demanding the formation of a high-level probe commission to deal with the gold scam.

The price of gold has dropped by Rs 800 per tola in the domestic market on Sunday.

According to the Federation of Nepal Gold and Silver Dealers’ Association, the yellow metal is being traded at Rs 108, 000 per tola today. It was traded at Rs 108, 800 per tola on Friday.

Meanwhile, tejabi gold is being traded at Rs 107, 500 per tola. It was traded at Rs 108, 300 per tola.

Similarly, the price of silver has dropped by Rs 35 and is being traded at Rs 1,360 per tola today.