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The Nepal Stock Exchange (NEPSE) gained 3. 61 points to close at 2,687. 63 points on Tuesday.

Similarly, the sensitive index surged by 0. 62 points to close at 460. 27 points.

A total of 15,027,372-unit shares of 304 companies were traded for Rs 6. 57 billion.

Meanwhile, Butwal Power Company Limited (BPCL) was the top gainer today, with its price surging by 8. 21 percent. Likewise, Rasuwagadhi Hydropower Company Limited (RHPL)was the top loser as its price fell by 5. 08 percent.

At the end of the day, total market capitalization stood at Rs 1. 51 trillion.

Prime Minister KP Sharma Oli has stated that the government is working on a war-footing level to rescue those affected by flooding in the Lehende Stream of Rasuwa and the Trishuli River last night. 

“All concerned authorities were ordered to make every possible effort to ensure effective rescue and relief operations,” the Prime Minister wrote on social media.

Expressing deep sorrow over the disaster-induced loss of lives and damages, Prime Minister Oli said that he has postponed all pre-scheduled programmes except the most essential ones and is in constant contact with security agencies to monitor ongoing rescue operations.

He claimed that the government agencies are actively engaged in rescue work and that swift coordination is underway among relevant bodies to provide emergency assistance in disaster-prone areas.

“There are heartbreaking reports of casualties, missing persons, and significant physical damage," he said, extending tributes to the deceased.

The Prime Minister also hoped for collective support in regard to the rescue and relief efforts.

Japanese Prime Minister Shigeru Ishiba said on Tuesday that he would continue negotiations with the U.S. to seek a mutually beneficial trade deal, after President Donald Trump announced 25% tariffs on goods from Japan starting August 1, Reuters reported.

Trump on Monday began notifying trade partners of steep U.S. tariff hikes, but later indicated a willingness to delay implementation if countries made acceptable proposals.

The move triggered a broad decline in the yen as expectations receded of a near-term interest rate hike.

While Tokyo and Washington have yet to reach a deal, Ishiba noted that recent talks had helped Japan avoid even steeper tariffs of around 30% to 35%, according to Reuters.

China warned the Trump administration on Tuesday against reigniting trade tension by restoring tariffs on its goods next month, and threatened to retaliate against nations that strike deals with the United States to cut China out of supply chains, Reuters reported.

Washington and Beijing agreed to a trade frameworkin June that restored a fragile truce, but with many details still unclear, traders and investors on both sides of the Pacific are watching to see if it will unravel or lead to a lasting detente.

On Monday, President Donald Trump began notifying trade partners of sharply higher U.S. tariffs from August 1, after he delayed all but 10% of his April duties on most countries to give them time to strike deals with the world's largest economy.

China, initially singled out with tariffs exceeding 100%, has until August 12 to reach an agreement with the White House to keep Trump from reinstating additional import curbs imposed during tit-for-tat tariff exchanges in April and May, according to Reuters.

The US is set to take the Syrian Islamist group Hayat Tahrir al-Sham (HTS) off its list of foreign terrorist organisations on Tuesday, according to a state department memo, BBC reported.

The group led a rebel offensive in December that toppled the Assad regime, which had ruled Syria for 54 years. Its leader Ahmed al-Sharaa is now the country's interim president.

HTS, also known as al-Nusra Front, was previously al-Qaeda's affiliate in Syria until al-Sharaa severed ties in 2016. 

In recent months, Western countries have sought to reset relations with Syria - which has faced heavy sanctions aimed at the old regime, according to BBC.

King Charles III will say the UK and France must stand together in the face of a "multitude of complex threats", when he speaks at a state banquet for French President Emmanuel Macron, BBC reported.

Macron and his wife Brigitte will be welcomed by the King and Queen and the Prince and Princess of Wales, as they arrive for a three-day state visit.

The state banquet will be a highlight of the trip, with famous faces, a showcase menu and a message from the King about the "shared history and culture between our two peoples".

This is the first state visit by the leader of an EU country since Brexit and the King will emphasise the need to work together on issues from military threats to climate change, according to BBC.

US President Donald Trump has said he thinks talks to end the war in Gaza have been "going along very well", as he hosted Israeli Prime Minister Benjamin Netanyahu in Washington DC, BBC reported.

Trump also expressed confidence that Hamas was willing to end the 21-month conflict. "They want to meet and they want to have that ceasefire," he said in unexpected remarks to reporters at the White House.

The meeting came after the latest rounds of indirect ceasefire talks between Israel and Hamas in Qatar ended without a breakthrough, though negotiations were expected to continue this week, according to BBC.

Russia's Investigative Committee says former Russian transport minister Roman Starovoit has been found dead, apparently with a self-inflicted gunshot wound, BBC reported.

He was dismissed earlier on Monday by President Vladimir Putin.

No reason for Starovoit's dismissal was given and deputy transport minister Andrei Nikitin was announced as his replacement shortly after.

The Investigative Committee said it was working to establish the circumstances of the incident, according to BBC.