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The Nepal Stock Exchange (NEPSE) plunged by 10. 53 points to close at 2, 622. 88 points on Monday.

Similarly, the sensitive index dropped by 1. 47 points to close at 455. 31 points.

A total of 10,037,307-unit shares of 317 companies were traded for Rs 1. 49 billion.

Meanwhile, SY Panel Nepal Limited (SYPNL) was the top gainer today with its price surging by 10. 00 percent.

Likewise, Wean Nepal Laghubitta Bittiya Sanstha Limited (WNLB) was the top loser as its price fell by 10. 00 percent.

At the end of the day, the total market capitalization stood at Rs 4. 40 trillion.

The Nepali Communist Party (NCP) has decided not to include the names of the leaders, who already became lawmakers and ministers, in the proportional representation list of the House of Representatives. 

As per the consensus reached among the top leaders of the party, the names of party leaders, who already have served as lawmakers under the first-past-the-post election or proportional representation system as well as member of the National Assembly, would not be included in the proportional list, shared Chief Secretary of the NCP, Ganesh Man Pun. 

As per the election schedule, the political parties participating in the March 5 elections to the House of Representatives have to submit the closed list under the PR system by this afternoon. 

The political parties have to submit the closed list for 110 seats under the PR system.

Nick Kyrgios won tennis’s latest Battle of the Sexes against Aryna Sabalenka in a dispiriting contest in Dubai that veered uneasily between exhibition, gimmick and outright circus, The Guardian reported. 

The Australian, who has won only one competitive singles match since the end of 2022 and has slipped to 671 in the world rankings, was sweating heavily and breathing hard as early as the fifth game of the match. Yet to no one’s great surprise, the extreme power of his serve, combined with the spin and velocity of his groundstrokes, proved too much for the women’s No 1 player.

“It was a really tough match,” the 30-year-old Kyrgios insisted after his 6-3, 6-3 victory. “ I didn’t know what to expect. She broke my serve numerous times and honestly she was hitting some amazing shots. She is a hell of a competitor. It could have gone either way," according to The Guardian. 

Two popular leaders have formed an alliance ahead of March parliamentary elections in Nepal that will challenge the older parties which have dominated the Himalayan nation's politics for over three decades, party officials and analysts said on Monday, Reuters reported. 

Rapper turned-Kathmandu mayor Balendra Shah, known as Balen, a popular elected official, joined the Rastriya Swatantra Party (RSP) or national independent party, led by a former TV host-turned politician Rabi Lamichhane on Sunday, party officials said.

They said under the agreement with RSP, 35-year old Balen will become the prime minister if the RSP wins the March 5 elections while Lamichhane, 48, will remain the party chief.

Both have vowed to address the demands raised during the "Gen Z" or youth-led protests against widespread corruption in September in which 77 people were killed and led to Prime Minister KP Sharma Oli resigning, according to Reuters. 

Sixteen people have been killed and three left injured after a fire tore through a nursing home for elderly residents in northern Indonesia, local authorities say, BBC reported. 

The fire department was alerted to a fire at Damai retirement home in the city of Manado, the capital of North Sulawesi province, on Sunday night at around 20:30 local time (12:30 GMT).

Many victims were found inside their rooms, the city's fire and rescue agency chief Jimmy Rotinsulu told news agency AFP, adding that they were likely elderly residents who were resting for the evening when the fire broke out, according to BBC. 

Political parties, including major ones, are preparing to submit their closed lists of candidates for the Proportional Representation (PR) system under the House of Representatives (HoR) election–2082 BS today, which is the second and final day for submission.

According to the schedule released by the Election Commission (EC), the submission of PR lists began on Sunday. 

While several smaller parties submitted their lists on the first day, major parties such as the Nepali Congress, CPN-UML,  Nepali Communist Party (NCP), and Rastriya Swatantra Party (RSP) are expected to submit their lists today. These parties have scheduled internal meetings before formally approaching the EC.

Political parties must submit supporting documents along with the lists, including confirmation that candidates’ names appear on the voter list, their voter ID numbers, and copies of citizenship certificates.

EC Spokesperson Narayan Prasad Bhattarai said that scrutiny of the lists submitted on December 28 and 29 will take place from December 30 to January 4. If corrections are required, parties will be allowed to make adjustments between January 5 and 11. Verification of the lists will be conducted from January 12 to 17. The preliminary closed list will be published on January 18, while the final list is scheduled for publication on February 3.

A total of 100 political parties, using 93 election symbols, have applied to participate in the PR system. Each party is required to submit a list containing between 11 and 110 candidates.

For the HoR elections scheduled for March 5, the number of registered voters stands at 18,903,689. Voters will cast their votes using two separate ballots: one for the direct election and another for the proportional representation system.

The price of gold has dropped by Rs 600 per tola in the domestic market on Monday. 

According to the Federation of Nepal Gold and Silver Dealers’ Association, the yellow metal is being traded at Rs 270, 000 per tola today.  It was traded at Rs 270, 600 per tola on Sunday. 

The price of silver, however, has increased by Rs 60 and is being traded at Rs 4, 895 per tola.

AC Milan beat Hellas Verona 3-0 on Sunday to leapfrog leaders Inter and provisionally move top of the standings thanks to a brace from Christopher Nkunku as the French forward opened his Serie A account for the season, Reuters reported. 

Christian Pulisic scored the opener in first-half added time from a corner after Verona stubbornly held the home side at bay before Nkunku scored twice in five minutes for his first brace in over a year.

Victory in their final game of the year moved Milan to 35 points -- two points clear of derby rivals Inter, who face Atalanta away later on Sunday. Verona remain 18th, according to Reuters.