Kathmadnu, March 30 -- The Nepal Stock Exchange (Nepse) index extended losses for the second consecutive day on Monday, following a massive rally in the previous week. The benchmark index recorded a loss of 47.71 points (1.65 percent), closing at 2831.39 points. Daily turnover also dropped to Rs 12.96 billion from Rs 15.03 billion in the previous session when the market closed at 2879.11 points.

The index opened at 2,881.98, and reached an intraday high of 2,891.53 and a low of 2,821.82. A total of 31,606,717 shares of 341 companies were traded through 159,328 transactions. Market capitalisation stood at Rs 4.81 trillion with a free float market capitalisation of Rs 1.62 trillion.

Analysts said the decline reflects both domestic and glo...