MTF Insights — May 2023
India's combined NSE + BSE MTF book rose ₹1,436 crore (5.6%) in May 2023 to ₹27,225 crore on 31 May 2023, and 10.2% higher than a year earlier. The book grew on 13 of 22 sessions. Larsen & Toubro added the most, ₹318 crore.
IndiaMTF · 28 Apr 2023 to 31 May 2023 · 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 |
|---|---|---|---|
 Larsen & ToubroLT | ₹366 | +₹318 | +607.6% |
 HDFC BankHDFCBANK | ₹389 | +₹271 | +229.8% |
 State Bank of IndiaSBIN | ₹516 | +₹143 | +34.4% |
 VedantaVEDL | ₹421 | +₹141 | +50.1% |
| HDHDFCHDFC | ₹168 | +₹127 | +304.5% |
| Biggest unwinds | Book (₹ Cr) | Change | Shares |
|---|---|---|---|
 Bajaj FinanceBAJFINANCE | ₹371 | −₹198 | −37.3% |
 Lodha DevelopersLODHA | ₹15 | −₹170 | −91.3% |
 Reliance IndustriesRELIANCE | ₹801 | −₹134 | −15.5% |
 Maruti Suzuki IndiaMARUTI | ₹81 | −₹128 | −63.2% |
 Axis BankAXISBANK | ₹106 | −₹126 | −54.8% |
New to the top 500 (31)
PVR INOX₹59
Harsha Engineers International₹27ADAdani Transmission₹20
Godrej Industries₹16
Reliance Infrastructure₹14
NMDC Steel₹14
V-Mart Retail₹13
Abbott India₹13
The Great Eastern Shipping Company₹13
Bhansali Engineering Polymers₹12
KEI Industries₹12
Syrma SGS Technology₹12+19 moreLeft the top 500 (31)
AU Small Finance Bank₹42PVPVR₹41
ABB India₹23
Godrej Consumer Products₹22SPSpicejet₹20
Apar Industries₹20
Max Financial Services₹15
Shree Cement₹14
Can Fin Homes₹14
Honeywell Automation India₹10
Linde India₹10
Sigachi Industries₹10+19 moreDay by day
Change in the combined book on each trading day. The largest single-day addition was +₹772 Cr on 05 May 2023; the largest fall was −₹459 Cr on 26 May 2023.
Sectors
Industrial Services supplied 33% of the month's increase on its own. 5 sectors shrank while the book grew 5.6%, led by Technology Services.
| Largest additions | Book (₹ Cr) | Change | % |
|---|---|---|---|
| Industrial Services | ₹1,003 | +₹474 | +89.9% |
| Non-Energy Minerals | ₹2,260 | +₹444 | +24.4% |
| Process Industries | ₹2,425 | +₹149 | +6.5% |
| Producer Manufacturing | ₹1,450 | +₹143 | +10.9% |
| Unclassified | ₹1,832 | +₹85 | +4.9% |
| Sectors that shrank | Book (₹ Cr) | Change | % |
|---|---|---|---|
| Technology Services | ₹2,290 | −₹188 | −7.6% |
| Consumer Durables | ₹624 | −₹159 | −20.3% |
| Energy Minerals | ₹1,195 | −₹131 | −9.9% |
| Electronic Technology | ₹517 | −₹30 | −5.5% |
| Communications | ₹303 | −₹11 | −3.5% |
NSE, BSE and concentration
NSE’s book moved +5.7% to ₹26,385 Cr and BSE’s +2.3% to ₹840 Cr, so BSE held 3.1% of the combined book. The ten largest positions held 16.9% of the whole book at month-end, 1.0 points less than a month earlier.
May in context
| Month | Book at month-end (₹ Cr) | Change |
|---|---|---|
| May 2023 | ₹27,225 | +5.6% |
| April 2023 | ₹25,789 | +0.2% |
| March 2023 | ₹25,747 | −5.3% |
| February 2023 | ₹27,196 | −6.1% |
| January 2023 | ₹28,958 | +0.2% |
| December 2022 | ₹28,900 | +5.6% |
Month-end is the last trading day in the archive for the month; changes compare 28 Apr 2023 with 31 May 2023. Sector figures sum each day’s largest positions on a fixed basis. See the methodology for every definition.