MTF Insights — November 2023
India's combined NSE + BSE MTF book rose ₹1,244 crore (2.8%) in November 2023 to ₹46,338 crore on 30 Nov 2023, and 69.3% higher than a year earlier. It set a record ₹47,412 crore on 23 Nov 2023 before easing. The book grew on 11 of 21 sessions. Bajaj Finance added the most, ₹290 crore.
IndiaMTF · 31 Oct 2023 to 30 Nov 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 |
|---|---|---|---|
 Bajaj FinanceBAJFINANCE | ₹600 | +₹290 | +98.1% |
 Jio Financial ServicesJIOFIN | ₹330 | +₹268 | +414.6% |
 Coal IndiaCOALINDIA | ₹349 | +₹246 | +179.9% |
 State Bank of IndiaSBIN | ₹888 | +₹154 | +21.4% |
 Bank of BarodaBANKBARODA | ₹374 | +₹111 | +42.9% |
| Biggest unwinds | Book (₹ Cr) | Change | Shares |
|---|---|---|---|
 Reliance IndustriesRELIANCE | ₹1,662 | −₹306 | −16.0% |
 HDFC BankHDFCBANK | ₹1,117 | −₹161 | −12.8% |
 Bharat Heavy ElectricalsBHEL | ₹152 | −₹153 | −55.5% |
 Hindustan AeronauticsHAL | ₹170 | −₹97 | −41.7% |
 Tata SteelTATASTEEL | ₹292 | −₹97 | −25.4% |
New to the top 500 (34)
Left the top 500 (34)
Max Financial Services₹102
Cummins India₹53
Container Corporation of India₹32DALt Foods₹32NINippon India ETF Nifty BeES₹28
Ajanta Pharma₹26
UNO Minda₹26
Maharashtra Seamless₹24
Metropolis Healthcare₹23
Hitachi Energy India₹23
JK Lakshmi Cement₹22
Alkem Laboratories₹22+22 moreDay by day
Change in the combined book on each trading day. The largest single-day addition was +₹434 Cr on 17 Nov 2023; the largest fall was −₹583 Cr on 30 Nov 2023.
Sectors
Finance supplied 74% of the month's increase on its own. 5 sectors shrank while the book grew 2.8%, led by Non-Energy Minerals.
| Largest additions | Book (₹ Cr) | Change | % |
|---|---|---|---|
| Finance | ₹11,665 | +₹915 | +8.5% |
| Process Industries | ₹4,052 | +₹302 | +8.0% |
| Industrial Services | ₹1,537 | +₹164 | +11.9% |
| Unclassified | ₹2,880 | +₹144 | +5.3% |
| Utilities | ₹1,832 | +₹136 | +8.0% |
| Sectors that shrank | Book (₹ Cr) | Change | % |
|---|---|---|---|
| Non-Energy Minerals | ₹2,660 | −₹183 | −6.4% |
| Electronic Technology | ₹1,125 | −₹165 | −12.8% |
| Consumer Durables | ₹1,043 | −₹148 | −12.4% |
| Producer Manufacturing | ₹3,082 | −₹120 | −3.8% |
| Health Services | ₹95 | −₹120 | −55.9% |
NSE, BSE and concentration
NSE’s book moved +2.9% to ₹45,196 Cr and BSE’s −3.5% to ₹1,142 Cr, so BSE held 2.5% of the combined book. The ten largest positions held 14.7% of the whole book at month-end, 0.9 points less than a month earlier.
November in context
| Month | Book at month-end (₹ Cr) | Change |
|---|---|---|
| November 2023 | ₹46,338 | +2.8% |
| October 2023 | ₹45,094 | +4.5% |
| September 2023 | ₹43,134 | +9.3% |
| August 2023 | ₹39,461 | +16.8% |
| July 2023 | ₹33,774 | +13.1% |
| June 2023 | ₹29,860 | +9.7% |
Month-end is the last trading day in the archive for the month; changes compare 31 Oct 2023 with 30 Nov 2023. Sector figures sum each day’s largest positions on a fixed basis. See the methodology for every definition.