Kathmandu, May 7 -- The Nepal Stock Exchange (NEPSE) index recorded a sharp rise of 62.25 points on Wednesday, closing at 2,673.69. This represents a 2.38 percent gain compared to the previous trading day and brings an end to a six-day losing streak in the market.

Investor sentiment, previously dampened by the prolonged downturn, showed signs of recovery as the market rallied across all major sectors. Share brokers reported renewed enthusiasm, attributing the sharp rise to bargain buying in an oversold market.

Out of 246 companies traded during the session, share prices of 227 advanced, 18 declined, and one remained unchanged.

Trading volume also saw a significant increase. A total of 27.2 million shares changed hands through 99,305 tr...