MTF Insights — March 2020
India's combined NSE + BSE MTF book fell ₹3,810 crore (53.7%) in March 2020 to ₹3,284 crore on 31 Mar 2020 — the largest monthly fall since tracking began, and 19.4% lower than a year earlier. The book grew on 2 of 20 sessions. Reliance Industries saw the largest unwind, ₹182 crore.
IndiaMTF · 28 Feb 2020 to 31 Mar 2020 · Tracking MTF data and analytics since 27 Sep 2017
Stocks
Largest changes in funded value over the month, among stocks present in both month-end files. The share column is the change in shares under margin, adjusted for splits and bonuses — it shows whether more stock was genuinely borrowed against, rather than a price move.
| Biggest additions | Book (₹ Cr) | Change | Shares |
|---|---|---|---|
 DLFDLF Limited | ₹28 | +₹15 | +113.8% |
| LILIQUIDBEESNippon India ETF Liquid BeES | ₹6 | +₹6 | +3695.0% |
 MANGLMCEMMangalam Cement | ₹6 | +₹6 | +4450.0% |
 SUNPHARMASun Pharmaceutical Industries | ₹53 | +₹5 | +21.4% |
 APOLLOHOSPApollo Hospitals Enterprise | ₹6 | +₹3 | +208.4% |
| Biggest unwinds | Book (₹ Cr) | Change | Shares |
|---|---|---|---|
 RELIANCEReliance Industries | ₹95 | −₹182 | −56.1% |
 LTLarsen & Toubro | ₹94 | −₹174 | −60.5% |
 YESBANKYes Bank | ₹32 | −₹142 | −84.6% |
 SBINState Bank of India | ₹125 | −₹108 | −29.1% |
 INDUSINDBKIndusInd Bank | ₹65 | −₹102 | −18.1% |
New to the top 1,000 (62)
Magadh Sugar & Energy₹1INIndia Grid Trust₹0EMEmbassy Office Parks Reit₹0
GOCL Corporation₹0KOKotak Nifty ETF₹0KOKotak Psu Bank₹0
SBI Cards and Payment Services₹0
Shree Digvijay Cement Co₹0
Vardhman Textiles₹0IRIRB Invit Fund₹0BANipponindia ETF Bank BeES₹0
Associated Alcohols & Breweries₹0+50 moreLeft the top 1,000 (62)
GFL₹1VAVakrangee Soft₹0
Goa Carbon₹0
IFB Agro Industries₹0
KCP Sugar and Industries Corporation₹0
Garware Technical Fibres₹0
Sumitomo Chemical India₹0
TVS Electronics₹0
AGI Greenpac₹0BANipponindia ETF Bank BeES₹0
Eveready Industries India₹0
Fertilizers and Chemicals Travancore₹0+50 moreDay by day
Change in the combined book on each trading day. The largest single-day addition was +₹32 Cr on 30 Mar 2020; the largest fall was −₹722 Cr on 13 Mar 2020.
View as table: change on each trading day20 days
| Date | Change in the book |
|---|---|
| 02 Mar 2020 | −₹165 Cr |
| 03 Mar 2020 | −₹245 Cr |
| 04 Mar 2020 | −₹133 Cr |
| 05 Mar 2020 | −₹54 Cr |
| 06 Mar 2020 | −₹205 Cr |
| 09 Mar 2020 | −₹235 Cr |
| 11 Mar 2020 | −₹250 Cr |
| 12 Mar 2020 | −₹526 Cr |
| 13 Mar 2020 | −₹722 Cr |
| 16 Mar 2020 | −₹12 Cr |
| 17 Mar 2020 | −₹83 Cr |
| 18 Mar 2020 | −₹72 Cr |
| 20 Mar 2020 | −₹464 Cr |
| 23 Mar 2020 | −₹119 Cr |
| 24 Mar 2020 | −₹174 Cr |
| 25 Mar 2020 | −₹315 Cr |
| 26 Mar 2020 | −₹62 Cr |
| 27 Mar 2020 | −₹13 Cr |
| 30 Mar 2020 | +₹32 Cr |
| 31 Mar 2020 | +₹7 Cr |
Sectors
| Sectors that shrank | Book (₹ Cr) | Change | % |
|---|---|---|---|
| Finance | ₹940 | −₹926 | −49.7% |
| Unclassified | ₹354 | −₹383 | −52.0% |
| Energy Minerals | ₹220 | −₹305 | −58.0% |
| Consumer Durables | ₹175 | −₹284 | −61.9% |
| Industrial Services | ₹147 | −₹250 | −62.9% |
NSE, BSE and concentration
NSE’s book moved −53.8% to ₹3,061 Cr and BSE’s −53.0% to ₹223 Cr, so BSE held 6.8% of the combined book. The ten largest positions held 22.6% of the whole book at month-end, 1.5 points less than a month earlier.
March in context
| Month | Book at month-end (₹ Cr) | Change |
|---|---|---|
| March 2020 | ₹3,284 | −53.7% |
| February 2020 | ₹7,094 | +1.9% |
| January 2020 | ₹6,961 | +19.0% |
| December 2019 | ₹5,851 | +5.1% |
| November 2019 | ₹5,566 | +21.8% |
| October 2019 | ₹4,569 | +3.7% |
Month-end is the last trading day in the archive for the month; changes compare 28 Feb 2020 with 31 Mar 2020. Sector figures sum each day’s largest positions on a fixed basis. See the methodology for every definition.