Table of Contents
Market Snapshot Entering April 2026
| Metric | Value (March 31, 2026) |
|---|---|
| NEPSE Composite | 2,851.09 (+0.69%) |
| Manufacturing Sub-Index | 10,594.75 (+1.94%) |
| Banking Sub-Index | 1,490.91 (+0.76%) |
| Dev Banks Sub-Index | 6,165.15 (+0.90%) |
| Sectors Positive | 8 of 9 |
| Upper Circuit Stocks | 5 (BJHL, HFIN, RLEL, RSML, SKHL) |
| Highest Turnover | RIDI (Rs 484.81M) |
Weekly Watchlist — April 2026
RSML (Reliance Spinning Mills) — Rs 2,679.30
The Manufacturing sector's circuit leader on March 31. Watch for continuation above Rs 2,700. If buy orders materialize early in the week, target Rs 2,900-2,950. Stop loss at Rs 2,435 (previous close).
KBL (Kumari Bank) — Rs 232.00
Accumulation signal from March 31 (1.56M shares, +1.44%). If this week's sessions see continued above-average volume, a move toward Rs 240-245 resistance becomes probable. Support at Rs 225-228.
RIDI (Ridi Power) — Rs 367.80
Distribution pattern. Watch whether selling pressure continues or price stabilizes. Key support at Rs 350-360. Avoid buying until volume drops and price stabilizes for 2-3 sessions.
NRN Infrastructure — Rs 1,601.10
Third-highest turnover on March 31 (Rs 378.31M, 235,050 shares). This Investment sector stock is generating institutional-level interest. Watch for direction — a close above Rs 1,650 would be bullish.
Sector Themes for the Week
- Manufacturing: RSML's 10% circuit may attract rotation into other Manufacturing stocks. SYPNL (Rs 1,899.90, heavy turnover) is a key secondary name to watch.
- Banking: KBL's accumulation and CZBIL's recovery (or lack thereof) will set sector tone. A Banking sub-index break above 1,500 would be significant.
- Hydropower: Split personality — BJHL/SKHL bullish, RIDI/NHPC bearish. Wait for resolution before taking strong sector views.
- Development Banks: SAPDBL's near-circuit fall will be watched for recovery or continued selling. Overall sub-index at 6,165 remains constructive.
Key Levels This Week
| Direction | Level | Significance |
|---|---|---|
| Bull target | 2,880 – 2,900 | Must break for sustained upside |
| Bull stretch | 2,950 – 3,000 | Major resistance zone |
| Current | 2,851.09 | March 31 close |
| Key support | 2,820 – 2,830 | Must hold for bullish case |
| Danger zone | Below 2,780 | Would signal trend weakness |
Market Calendar — Week of April 1, 2026
- Wednesday, April 1: First trading day of April 2026
- Sunday–Thursday: Regular NEPSE trading days (11 AM – 3 PM NPT)
- Watch for: Any NRB policy announcements, corporate dividend announcements, or Q3 earnings releases that could impact banking and insurance stocks
FAQs
What is the Nepal stock market outlook for April 2026?
NEPSE at 2,851 with positive momentum entering April. Key resistance 2,880-2,900.
Which sectors to watch in April 2026?
Manufacturing (RSML momentum), Banking (KBL accumulation), Hydropower (mixed signals).
What is NEPSE's year-to-date performance?
NEPSE closed at 2,851.09 on March 31, 2026. Compare to January 1, 2026 close for YTD performance.
Is April historically good for NEPSE?
April often sees dividend-related buying in banking and insurance. Historically constructive.
How do I prepare for the week ahead?
Review previous session data, set your watchlist of 3-5 stocks, define entry/exit levels, and stick to your plan.