MTF Insights — March 2021

India's combined NSE + BSE MTF book rose ₹1,101 crore (9.7%) in March 2021 to ₹12,397 crore on 31 Mar 2021. It set a record ₹13,110 crore on 18 Mar 2021 before easing. The book grew on 10 of 18 sessions. State Bank of India added the most, ₹170 crore.

IndiaMTF · 25 Feb 2021 to 31 Mar 2021 · Tracking MTF data and analytics since 01 Jan 2021

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
State Bank of IndiaSBIN	₹343	+₹170	+92.8%
Fortis HealthcareFORTIS	₹194	+₹136	+152.5%
Bharat Petroleum CorporationBPCL	₹143	+₹103	+228.4%
Bajaj FinanceBAJFINANCE	₹210	+₹94	+69.6%
HDHDFCHDFC	₹144	+₹81	+135.8%

Biggest unwinds	Book (₹ Cr)	Change	Shares
ITCITC	₹185	−₹120	−36.5%
Asian PaintsASIANPAINT	₹62	−₹117	−66.4%
Hindustan UnileverHINDUNILVR	₹38	−₹110	−74.6%
InfosysINFY	₹143	−₹102	−42.4%
Tata Consultancy ServicesTCS	₹100	−₹86	−46.5%

New to the top 500 (41)

Sterling and Wilson Renewable Energy₹18Indigo Paints₹17Dwarikesh Sugar Industries₹6Indian Railway Finance Corporation₹6Jubilant Pharmova₹5BUBurger King India₹5SKF India₹5Man Infraconstruction₹4Shalby₹4Godawari Power and Ispat₹4The Great Eastern Shipping Company₹4WEWelspun India₹4+29 more

Left the top 500 (41)

NICoforge₹6JK Cement₹4Quick Heal Technologies₹4Kansai Nerolac Paints₹4ADAdani Total Gas₹3Minda Corporation₹3GIC Housing Finance₹3Manali Petrochemicals₹3Neogen Chemicals₹3Eris Lifesciences₹3Gillette India₹3Godrej Industries₹3+29 more

Day by day

Change in the combined book on each trading day. The largest single-day addition was +₹908 Cr on 05 Mar 2021; the largest fall was −₹539 Cr on 30 Mar 2021.

Sectors

Finance supplied 67% of the month's increase on its own. 5 sectors shrank while the book grew 9.7%, led by Consumer Non-Durables.

NSE, BSE and concentration

NSE’s book moved +9.9% to ₹12,084 Cr and BSE’s +2.6% to ₹313 Cr, so BSE held 2.5% of the combined book. The ten largest positions held 19.8% of the whole book at month-end, 0.3 points less than a month earlier.

March in context

Month-end is the last trading day in the archive for the month; changes compare 25 Feb 2021 with 31 Mar 2021. Sector figures sum each day’s largest positions on a fixed basis. See the methodology for every definition.