MTF Insights — December 2023

India's combined NSE + BSE MTF book rose ₹4,681 crore (10.1%) in December 2023 to ₹51,019 crore on 29 Dec 2023 — the 2nd-largest monthly rise since tracking began, and 76.5% higher than a year earlier. It set a record ₹51,199 crore on 27 Dec 2023 before easing. The book grew on 14 of 20 sessions. Indiabulls Hsg Fin added the most, ₹304 crore.

IndiaMTF · 30 Nov 2023 to 29 Dec 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
IBIndiabulls Hsg FinIBULHSGFIN	₹585	+₹304	+75.5%
Zee Entertainment EnterprisesZEEL	₹585	+₹291	+83.4%
Jio Financial ServicesJIOFIN	₹621	+₹290	+81.2%
Maruti Suzuki IndiaMARUTI	₹399	+₹262	+192.9%
Bank of IndiaBANKINDIA	₹446	+₹241	+91.5%

Biggest unwinds	Book (₹ Cr)	Change	Shares
Reliance IndustriesRELIANCE	₹827	−₹835	−51.5%
HDFC BankHDFCBANK	₹592	−₹524	−49.0%
State Bank of IndiaSBIN	₹491	−₹397	−48.6%
Bank of BarodaBANKBARODA	₹191	−₹183	−50.4%
Tata Consultancy ServicesTCS	₹192	−₹170	−48.3%

New to the top 500 (41)

Sunteck Realty₹83TITips Industries₹59Welspun Living₹51Shalimar Paints₹41KFIN Technologies₹40GlaxoSmithKline Pharmaceuticals₹38Container Corporation of India₹36The New India Assurance Company₹35Narayana Hrudayalaya₹34Cummins India₹33Sonata Software₹32Star Health and Allied Insurance Company₹32+29 more

Left the top 500 (41)

Adani Power₹72WEWelspun India₹48Cholamandalam Investment and Finance Company₹46ZEE Media Corporation₹42Syrma SGS Technology₹38Britannia Industries₹38Bajaj Hindusthan Sugar₹35Cupid₹31Fortis Healthcare₹28KEI Industries₹27Minda Corporation₹27Thermax₹24+29 more

Day by day

Change in the combined book on each trading day. The largest single-day addition was +₹897 Cr on 07 Dec 2023; the largest fall was −₹513 Cr on 04 Dec 2023.

Sectors

1 sector shrank while the book grew 10.1%, led by Energy Minerals.

NSE, BSE and concentration

NSE’s book moved +9.9% to ₹49,690 Cr and BSE’s +16.4% to ₹1,329 Cr, so BSE held 2.6% of the combined book. The ten largest positions held 11.5% of the whole book at month-end, 3.1 points less than a month earlier.

December in context

Month-end is the last trading day in the archive for the month; changes compare 30 Nov 2023 with 29 Dec 2023. Sector figures sum each day’s largest positions on a fixed basis. See the methodology for every definition.