KATHMANDU, March 5 -- Nepal Stock Exchange (NEPSE) on Tuesday nosedived 70.31 points to close at 2,007.69 points.

The market index went to a huge fall just on the next day of a whopping rise of the index by 117.70 points. The NEPSE index witnessed three positive circuits on Sunday following the formation of a new coalition government and the possibility of appointment of a finance minister who will be lenient to the share market.

In the intraday trading, the market opened at 2,078 points and went downhill right from the commencement of trading. During 12:00 pm and 2:00 pm, the market remained almost stable at around 2,025 points, while the index again declined further by 18 points before the market closed for the day.

The sensitive ind...