The decline in the stock market continued on Tuesday. The NEPSE, which had fallen continuously for the previous three trading days, repeated the same trend on Tuesday. 

In fact, the NEPSE has fallen on most of the trading days since the government announced the budget for the upcoming fiscal year. Since then, the stock market has been open for 12 days. Of which, the NEPSE has fallen on 9 days and increased on only 3 days. The NEPSE, which was at 2,782 points before the budget announcement, fell to 2,705 points on Tuesday. 

The NEPSE index, which measures stock trading, fell by 6.31 points on Tuesday. The NEPSE, which fell by 0.23 percent compared to the previous day, fell to 2,705.45 points. The NEPSE has been falling since last Thursday. Of the last four trading days, the NEPSE had fallen by 12.26 points on Monday. The remaining days saw a single-digit decline. 

After the government announced the budget for the fiscal year 2083/84, there has been no enthusiasm in the stock market as the NEPSE index and the trading amount have decreased significantly on most days. During this period, the NEPSE index and the trading amount, the number of transactions and the number of shares traded have also decreased, confirming that investors have not shown enthusiasm in the stock market. 

Of the companies that were traded on Tuesday, the share price of 80 increased, the price of 177 companies decreased and the price of 15 companies remained stable. A total of 48,116 shares were traded, worth 4.478 billion rupees. 178,596 shares were bought and sold. The trading amount on Tuesday decreased compared to Monday. On Monday, shares worth 4.412 billion rupees were traded. 

The stock market has declined in the weeks since the government with a two-thirds majority, the great expectations of the citizens and the economist Finance Minister Swarnim Wagle announced the budget for the upcoming fiscal year. Through the budget, the government has announced that the capital gains tax imposed on the stock market is final. With this, the long-standing dispute over whether the capital gains tax will be final or not has been resolved, but the stock market has not been able to grow. Experts have pointed out two reasons for the market's failure to grow. First, the budget did not do anything to boost the declining morale of investors. Second, the capital gains tax rate was increased.

Investors say that since some industrialists and businessmen have been investigating issues related to securities trading in recent months, other investors are also worried and this has had an impact on the stock market. They say that the increase in tax rates through the budget has further contributed to the decline in morale when the morale of general investors has decreased. However, since the government has resolved the long-standing dispute over whether the capital gains tax will be final or not through the budget, investors expect it to have a positive impact on the stock market in the long run. 

Although most of the policies are favorable to the stock market, the stock market is declining due to the failure to increase investor confidence, said Bharat Ranabhat, former president of the Stock Brokers Association. "Currently, the government has asked civil servants (retired and working), private sector representatives (formerly/currently) who are in public bodies to fill out their asset details in a hurry. Private sector industrialists and some civil servants were also active in shares," he said. "They were busy submitting their asset details and were also afraid, so they could not invest." 

The government has extended the deadline for submitting asset details by one month. Ranabhat said that since fear will persist throughout this period, there is little chance of a high growth in the stock market. He said that the state should come up with a program to increase investor confidence for the stock market to grow. 

Out of the 13 subgroups that were traded on Tuesday, all indices except trade and collective investment funds declined. However, the trade index increased by 10.56 and the collective investment fund index increased by a modest number. Among the declining subgroups, non-life insurance was 45.71, life insurance 24.95, and development banks were 24.35 points negative. 

The share price of Sopan Pharmaceuticals Limited increased by 15 percent, Apollo Hydropower by 14.98 percent, Dolti Power Company by 6.89 percent, Bungal Hydro Limited by 5.35 percent, and Menchiyam Hydropower Limited by 5.19 percent. However, Sayapatri Hydropower Limited by 4.90 percent, Unique Nepal Laghubitta Bittiya Sanstha by 4.03 percent, NIMB Debenture 2090 by 3.84 percent, Kalinchowk Hydropower Limited by 3.54 percent, and Reliance Spinning Mills Limited by 3.41 percent.