Nepse plunges by 10. 66 points on Thursday
The Nepal Stock Exchange (NEPSE) plunged by 10. 66 points to close at 2, 615. 03 points on Thursday.
Similarly, the sensitive index dropped by 1. 63 points to close at 450. 22 points.
A total of 11,291, 401-unit shares of 329 companies were traded for Rs 1. 48 billion.
Meanwhile, Swastik Laghubitta Bittiya Sanstha Limited (SWASTIK) and SY Panel Nepal Limited (SYPNL) were the top gainers today with their price surging by 10. 00 percent.
Likewise, Barahi Hydropower Public Limited (BHPL) was the top loser as its price fell by 4. 76 percent.
At the end of the day, the total market capitalization stood at Rs 4. 39 trillion.
Gold price increases by Rs 700 per tola on Thursday
The price of gold has increased by Rs 700 per tola in the domestic market on Wednesday.
According to the Federation of Nepal Gold and Silver Dealers’ Association, the precious yellow metal is being traded at Rs 260, 400 per tola today. It was traded at Rs 259, 700 per tola on Wednesday.
Similarly, the silver is being traded at Rs 4, 080 per tola today.
Gold price increases by Rs 700 per tola on Wednesday
The price of gold has increased by Rs 700 per tola in the domestic market on Wednesday.
According to the Federation of Nepal Gold and Silver Dealers’ Association, the precious yellow metal is being traded at Rs 259, 700 per tola today. It was traded at Rs 259, 000 per tola on Tuesday.
Similarly, the price of silver has increased by Rs 170 and is being traded at Rs 4, 055 per tola today.
NICCI bids farewell to Vice President Ravi Rayavaram
The Nepal-India Chamber of Commerce & Industry (NICCI) on Monday bid farewell to its Vice President Ravi Rayavaram at a program held in the NICCI Secretariat.
Rayavaram, Managing Director of Surya Nepal—an ITC subsidiary—has been serving as NICCI vice president since last year. Following his promotion and transfer to Kolkata, he was replaced by Gaurav Tayal.
Speaking at the event, Rayavaram said, “ I felt like in my home,” during his tenure with NICCI.
NICCI President Sunil KC, while handing over a token of love and a letter of appreciation, said Rayavaram’s contribution to NICCI and to Nepal’s economy through his leadership of Surya Nepal had been significant. “We will cherish his memories,” KC said.
NICCI Executive Committee Member Sashi Kant Agrawal wished Rayavaram success in his new role and expressed hope of welcoming him back to Nepal in a bigger capacity in the future.
Indian Business Forum (IBF) Co-chair under NICCI, Saibal Ghosh, thanked Rayavaram for his active role in NICCI and his contribution to bilateral trade and economic cooperation.
NICCI Vice President Kunal Kayal and other executive members, including National Insurance Chief Executive Officer Navneet Gupta and Uttam Lama, also acknowledged Rayavaram’s dedication and service.
The newly appointed Managing Director of Surya Nepal, Gaurav Tayal, thanked Rayavaram and NICCI for their support.
