MTF Insights — October 2023

India's combined NSE + BSE MTF book rose ₹1,960 crore (4.5%) in October 2023 to ₹45,094 crore on 31 Oct 2023, and 71.8% higher than a year earlier. It set a record ₹45,601 crore on 20 Oct 2023 before easing. The book grew on 14 of 20 sessions. Reliance Industries added the most, ₹204 crore.

IndiaMTF · 29 Sep 2023 to 31 Oct 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
Reliance IndustriesRELIANCE	₹1,968	+₹204	+14.4%
Varun BeveragesVBL	₹266	+₹204	+295.9%
ICICI BankICICIBANK	₹404	+₹154	+63.2%
Tata Consultancy ServicesTCS	₹337	+₹150	+81.0%
State Bank of IndiaSBIN	₹734	+₹150	+28.7%

Biggest unwinds	Book (₹ Cr)	Change	Shares
Kotak Mahindra BankKOTAKBANK	₹386	−₹101	−19.2%
Hindustan UnileverHINDUNILVR	₹201	−₹90	−31.4%
Tata ElxsiTATAELXSI	₹97	−₹84	−45.9%
PaytmPAYTM	₹96	−₹72	−42.2%
Bajaj FinservBAJAJFINSV	₹229	−₹66	−23.5%

New to the top 500 (33)

Amara Raja Energy & Mobility₹71Jio Financial Services₹62Inox Wind₹56JPJaiprakash Associates₹35Minda Corporation₹35Adani Power₹29JK Tyre & Industries₹26AGI Greenpac₹23Igarashi Motors India₹23S.J.S. Enterprises₹22Gokaldas Exports₹22Jindal Saw₹22+21 more

Left the top 500 (33)

Suzlon Energy₹74AMAmara Raja Batteries₹71IPCA Laboratories₹36TRTruCap Finance₹35Cohance Lifesciences₹33Shalimar Paints₹29Prakash Industries₹26Colgate Palmolive (India)₹22United Breweries₹21Fertilizers and Chemicals Travancore₹20HeidelbergCement India₹20SUSuven Pharmaceuticals₹19+21 more

Day by day

Change in the combined book on each trading day. The largest single-day addition was +₹542 Cr on 04 Oct 2023; the largest fall was −₹356 Cr on 23 Oct 2023.

Sectors

Finance supplied 35% of the month's increase on its own. 4 sectors shrank while the book grew 4.5%, led by Health Technology.

NSE, BSE and concentration

NSE’s book moved +4.6% to ₹43,911 Cr and BSE’s +1.6% to ₹1,183 Cr, so BSE held 2.6% of the combined book. The ten largest positions held 15.5% of the whole book at month-end, 0.1 points more than a month earlier.

October in context

Month-end is the last trading day in the archive for the month; changes compare 29 Sep 2023 with 31 Oct 2023. Sector figures sum each day’s largest positions on a fixed basis. See the methodology for every definition.