The Nepalese stock market was studied to see if it follows patterns seen in other markets. Daily data from 1995 to 2004 was analyzed. Results show a consistent day-of-the-week anomaly, but no holiday, turn-of-the-month, or time-of-the-month effects. There was also no month-of-the-year anomaly or half-month effect. This suggests that the Nepalese stock market is not fully efficient in terms of the day-of-the-week anomaly, but is efficient in other aspects.