KATHMANDU, July 2 -- Stock market in the red after two days of gain

Despite opening the day in the green, the Nepal Stock Exchange (Nepse) benchmark index succumbed to a massive selling pressure within the first 10 minutes of trading to trend in negative territory.

A steady slump dragged the index 4 percent lower, triggering its first circuit breaker on the downside. Trading halted for 20 minutes thereafter. Nepse further hit circuit breaker limits of 5 percent and 6 percent after the resumption of the trading. The trading was suspended for the whole day after the third circuit breaker.

The 80 points decline saw the benchmark end at 1,256.11.

After two days of massive gains seen in the bourse, sellers dominated Thursday's trading as m...