Backed by the strong performance of the publicly listed hotels and tourism companies, the Nepal Stock Exchange (Nepse) recorded a double-digit growth on Tuesday surging by 25.66 points or 1.35 percent. The Nepse has started recovering from the dip after the government's budget announcement that individual and institutional investors have to pay the due tax amount on income from mergers, acquisitions, and further public offerings (FPOs) of publicly listed companies. After Finance Minister Prakash Sharan Mahat committed to agitating investors that capital gains tax will be the final tax on share trading, Nepse has begun to move upwards. The daily turnover was recorded at Rs 1.98bn on Tuesday which was Rs 1.97bn on Monday.

On Tuesday, the benchmark index opened at 1,902.75 points and hit an intraday low of 1,893.61 points before going up to the intraday high of 1,927.66 points and settling at 1,927.65 points.

A total of 5.54 million units of shares were traded on Tuesday. The stock of hotels and tourism-related companies was a major attraction on Tuesday as the share price of the hotels increased. The share price of Soaltee Hotel Limited surged by 8.75 percent to reach Rs 320. Similarly, the share price of Chandragiri Hills increased by 3 percent, Kalinchok Darshan by 2.65 percent, Oriental Hotel by 4 percent and Taragaon Regency by 4 percent. Along with hotels, the share price of insurance companies also increased on Tuesday. The non-life insurance sub-index grew by 4.64 percent, while the hydropower sub-index surged by 3.15 percent. All the sub-indices turned green on Tuesday with the hotel sub-index gaining the most. On Tuesday, the shares of Soaltee Hotel Limited were traded the most as the company recorded the highest turnover of Rs 96.8m. Nyadi Hydropower Limited, Sunrise Focused Equity Fund, Soaltee Hotel Limited, Prabu Insurance Limited, and Siddhartha Premier Insurance Limited came as the top gainers while Century Debenture 2088, Manakamana Smart Laghubitta, Gurkhas Finance Limited, Support Microfinance, and Citizens Mutual Fund 2 were the top losers.