MTF Insights — July 2023
India's combined NSE + BSE MTF book rose ₹3,914 crore (13.1%) in July 2023 to ₹33,774 crore on 31 Jul 2023 — the largest monthly rise since tracking began, and 49.8% higher than a year earlier. It set a record ₹33,923 crore on 28 Jul 2023 before easing. The book grew on 15 of 21 sessions. HDFC Bank added the most, ₹513 crore.
IndiaMTF · 30 Jun 2023 to 31 Jul 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 |
|---|---|---|---|
 HDFC BankHDFCBANK | ₹818 | +₹513 | +161.1% |
 Reliance IndustriesRELIANCE | ₹982 | +₹275 | +29.5% |
 Axis BankAXISBANK | ₹287 | +₹198 | +220.8% |
 ITCITC | ₹329 | +₹172 | +87.4% |
 Eicher MotorsEICHERMOT | ₹269 | +₹170 | +183.3% |
| Biggest unwinds | Book (₹ Cr) | Change | Shares |
|---|---|---|---|
 State Bank of IndiaSBIN | ₹342 | −₹246 | −43.8% |
 Tata SteelTATASTEEL | ₹183 | −₹157 | −47.0% |
 Hindustan AeronauticsHAL | ₹212 | −₹90 | −30.4% |
 Canara BankCANBK | ₹180 | −₹87 | −34.3% |
 MphasiSMPHASIS | ₹30 | −₹85 | −77.7% |
New to the top 500 (40)
Left the top 500 (40)
Day by day
Change in the combined book on each trading day. The largest single-day addition was +₹727 Cr on 18 Jul 2023; the largest fall was −₹428 Cr on 20 Jul 2023.
Sectors
Finance supplied 22% of the month's increase on its own. 4 sectors shrank while the book grew 13.1%, led by Non-Energy Minerals.
| Largest additions | Book (₹ Cr) | Change | % |
|---|---|---|---|
| Finance | ₹7,536 | +₹870 | +13.0% |
| Energy Minerals | ₹1,624 | +₹468 | +40.4% |
| Consumer Durables | ₹1,135 | +₹398 | +54.1% |
| Consumer Non-Durables | ₹1,174 | +₹367 | +45.5% |
| Unclassified | ₹2,188 | +₹337 | +18.2% |
| Sectors that shrank | Book (₹ Cr) | Change | % |
|---|---|---|---|
| Non-Energy Minerals | ₹1,935 | −₹196 | −9.2% |
| Commercial Services | ₹336 | −₹22 | −6.1% |
| Distribution Services | ₹284 | −₹19 | −6.2% |
| Transportation | ₹308 | −₹4 | −1.4% |
NSE, BSE and concentration
NSE’s book moved +13.3% to ₹32,855 Cr and BSE’s +6.4% to ₹919 Cr, so BSE held 2.7% of the combined book. The ten largest positions held 14.7% of the whole book at month-end, 0.2 points less than a month earlier.
July in context
| Month | Book at month-end (₹ Cr) | Change |
|---|---|---|
| July 2023 | ₹33,774 | +13.1% |
| June 2023 | ₹29,860 | +9.7% |
| May 2023 | ₹27,225 | +5.6% |
| April 2023 | ₹25,789 | +0.2% |
| March 2023 | ₹25,747 | −5.3% |
| February 2023 | ₹27,196 | −6.1% |
Month-end is the last trading day in the archive for the month; changes compare 30 Jun 2023 with 31 Jul 2023. Sector figures sum each day’s largest positions on a fixed basis. See the methodology for every definition.