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The Nepal Stock Exchange (NEPSE) plunged by 27. 64 points to close at 2, 595. 24 points on Tuesday. 

Similarly, the sensitive index dropped by 3. 93 points to close at 452. 46 points.

A total of 10,343,898-unit shares of 322 companies were traded for Rs 5. 15 billion.

Meanwhile, Mabilung Energy Limited (MABEL) was the top gainer today with its price surging by 9. 98 percent.
Likewise, Muktinath Krishi Company Limited (MKCL)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 1. 47 trillion.

US President Donald Trump has endorsed Andrew Cuomo in the New York City mayor's race, urging voters not to elect left-wing front-runner Zohran Mamdani, BBC reported.

"Whether you personally like Andrew Cuomo or not, you really have no choice. You must vote for him, and hope he does a fantastic job," Trump posted on Truth Social Monday evening. "He is capable of it, Mamdani is not!"

Independent candidate Cuomo, a long-term Trump critic who was formerly a Democrat New York governor, responded to the tepid backing: " He's not endorsing me. He's opposing Mamdani."

Tanzanian President Samia Suluhu Hassan has been sworn in for a second term amid tight security, following an election marred by violent protests and rejected by the opposition as a sham, BBC reported.

The inauguration ceremony was held at a military parade ground in the capital, Dodoma, instead of a stadium as in previous years. It was closed to the public but was shown live on state TV.

Samia was declared the winner on Saturday with 98% of the vote. She faced little opposition with key rival candidates either imprisoned or barred from running, according to BBC.

Diane Ladd, three-time Academy Award nominee and star of Wild at Heart, has died at 89, BBC reported.

Her daughter, actress Laura Dern, confirmed her death on Monday. 

"My amazing hero and my profound gift of a mother, Diane Ladd, passed with me beside her this morning," Dern said in a statement, adding that her final moments were spent at home in California. 

Dern, who starred with her mother in 1991's Rambling Rose, did not share Ladd's cause of death, according to BBC.

Two Italian nationals, who went missing at Mt. Pangbari  in Chumanubri-1, Gorkha, have been found dead after five days.

Stefano Farinato (67) and Alessandro Gaputo (37) were found dead at the first camp of Pangbari Himal on Tuesday, according to the District Police Office, Gorkha.

DSP Rajkumar Shrestha, Information Officer at the District Police Office, Gorkha, said that they were found buried under the snow.

Shrestha said that the bodies have been brought to Samagaun by a helicopter.

They were stranded after the snow blocked the way while returning after failing to climb the mountain.

Velter Perlino (65), who was trapped at the base camp of Pangbari Mountain, at an altitude of 5,000 meters, was rescued by a helicopter at 10 am on Sunday.

Along with Perlino, Pemba Renji Sherpa, Dawa Chiri Sherpa, and Pasang Tamang, were also rescued and sent to Kathmandu for treatment.

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Landslides and floods following incessant rainfall occurred on October 4 and 5 damaged property worth Rs 11.81 billion in Ilam district. 

Chief District Officer Sunita Nepal shared that the flood and landslide had damaged different roads, bridges, buildings, drinking water projects, irrigation projects, agriculture and livestock sectors in the district.

As per the preliminary details of losses gathered by 11 respective offices including Road Division, Infrastructure Development Office, Nepal Electricity Authority and Water Resources and Irrigation Division, such amount of property was damaged, added Nepal. 

Eleven different projects under road division suffered damages, causing a loss of Rs 6.96 billion. Similarly, property worth Rs 2.34 billion was damaged towards roads, Rs 850 million towards bridges and Rs 40 million towards building under infrastructure development office. 

According to the District Administration Office, projects under Nepal Electricity Authority suffered a loss of Rs 24.7 million while landslide and flood damaged property amounted to more than Rs 328 million  under Water Resources and Irrigation Division. 

Likewise, more than Rs 40 million  was damaged in the incident of natural disaster under Veterinary Hospital and Livestock Expert Centre.

According to Chief District Officer (CDO) Nepal, under the Dhankuta Field Unit Office, Water Supply and Sewerage Management Department, damages to 29 drinking water projects amounted to Rs 287.5 million, while under the Water Supply and Sanitation Division Office, Bhadrapur, Jhapa, 223 projects incurred losses of Rs 280.1 million.

Likewise, food and cash crops cultivated on 892.32 hectares of land by 3,409 farmers were damaged by the disasters, causing losses of Rs 274.9 million. Such losses have been recorded under the Agricultural Knowledge Centre. Similarly, under the National Tea and Coffee Development Board’s Tea Expansion Programme, 25 tea estates suffered losses of about Rs 47.55 million.

Nepal Telecom incurred losses amounting to Rs 508,000 from damages to 10 optical fiber and cable lines, while under the Irrigation and Water Resource Management Project, Gainde, Jhapa, 31 projects were affected by landslides, resulting in losses of Rs 329 million.

CDO Nepal said that damage details have already been presented to the National Disaster Risk Reduction and Management Authority, the Ministry of Home Affairs, and the respective ministries.

“The preliminary damage assessment was gathered from the respective sectoral offices within the district, in coordination and facilitation with the concerned local governments,” he added.

It may be noted that in Ilam, 39 people died, 26 were injured, and one person remains missing in the disasters that displaced 711 households. Of the displaced, 700 are staying with relatives, while 11 are taking shelter in community buildings, according to the District Administration Office.

Floods and landslides completely destroyed 365 houses and partially damaged 940 houses across 10 local levels in the district of Koshi Province.

The price of gold has dropped by Rs 1, 400 per tola in the domestic market on Tuesday.

According to the Federation of Nepal Gold and Silver Dealers’ Association, the yellow metal is being traded at Rs 238, 300 per tola today.  It was traded at Rs 239, 700 per tola on Monday.

Similarly, the silver is being traded at Rs 3, 015 per tola.

Novak Djokovic has confirmed his participation at the ATP Finals in Turin, Italy's tennis federation chief Angelo Binaghi said, easing concerns that the 24-time Grand Slam champion may pull out of the season finale, Reuters reported.

World No 5 Djokovic, who withdrew from the season ender last year due to injury, skipped the Paris Masters and has not played since losing to qualifier Valentin Vacherot in the Shanghai Masters semifinals last month.

"We have confirmation that Djokovic will be in Turin," Binaghi told Italian radio channel Rai Gr Parlamento on Monday, according to Reuters.