NEPSE Website Shows False 1,008-Point Crash Before Entering Maintenance Mode

The official website of the Nepal Stock Exchange displayed an apparent 1,008.93-point decline, showing the benchmark index falling by 37 percent to 1,717.79 points, before the website entered maintenance mode.

The dramatic figure caused confusion and concern among investors because such a fall would have been the largest in Nepal’s stock market history.

However, the displayed decline is unlikely to represent the market’s actual performance and appears to have resulted from a technical or data-processing error.

Why A 37 Percent Fall Is Unlikely

NEPSE operates a market-wide circuit-breaker system designed to stop extreme movements.

Under the mechanism, trading is temporarily suspended when the index moves by 4 percent and 5 percent. Trading closes for the entire day when the index reaches a 6 percent rise or fall.

This means the market would have shut long before reaching a 37 percent decline.

For example, NEPSE trading was closed in September 2025 after the index fell by 6 percent and triggered the final circuit breaker.

Website Entered Maintenance Mode

After the market closed, the official NEPSE website displayed a maintenance message stating:

“We’ll Be Back Soon.”

The website said maintenance work was underway and that services would resume later.

As a result, investors were temporarily unable to access the detailed market summary, company-level trading data and other official statistics.

Reported Turnover Raises Further Questions

The faulty display reportedly showed more than Rs 6.26 billion in share transactions alongside the alleged 37 percent decline.

However, turnover alone cannot confirm whether the displayed index figure was correct.

Transaction records, final index calculations and the closing market report will have to be checked after NEPSE restores its system or publishes an official clarification.

Similar Technical Error Happened Earlier

This is not the first time a major technical error has caused NEPSE’s website to display an unrealistic market fall.

In March 2026, the system reportedly showed the index declining by more than 885 points, or 33.34 percent, to 1,769.60 points.

NEPSE later clarified that the market had not crashed. The index had actually increased by 19.27 points to 2,674.20 that day.

The previous incident strengthens the possibility that the latest 1,008-point decline was also caused by a system malfunction.

Previous Trading Data Showed Market Near 2,700

Before the suspected error, the benchmark index had been trading around the 2,700-point level.

On Wednesday, July 22, NEPSE closed at 2,712.54 points after falling by 13.95 points.

Market data for July 23 showed the index around 2,726.72 points, making a genuine one-day fall to 1,717.79 even more unlikely under the circuit-breaker system.

Investors Should Wait For Official Confirmation

Investors should avoid making financial decisions based solely on screenshots or temporary figures displayed during a technical disruption.

The actual closing data should be confirmed through:

• An official NEPSE statement

• The restored NEPSE website

• Final trading and floorsheet records

• Licensed brokers

• The Securities Board of Nepal

Until NEPSE releases an official explanation, the 1,008.93-point fall should be treated as an unverified technical display, not a confirmed market crash.