MTF Insights — January 2024
India's combined NSE + BSE MTF book rose ₹5,998 crore (11.8%) in January 2024 to ₹57,017 crore on 31 Jan 2024 — the largest monthly rise since tracking began, and 96.9% higher than a year earlier. It set a record ₹58,186 crore on 23 Jan 2024 before easing. The book grew on 15 of 22 sessions. HDFC Bank added the most, ₹1,060 crore.
IndiaMTF · 29 Dec 2023 to 31 Jan 2024 · 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 | ₹1,653 | +₹1,060 | +195.8% |
 NHPCNHPC | ₹489 | +₹328 | +135.8% |
 Bandhan BankBANDHANBNK | ₹362 | +₹226 | +164.3% |
 State Bank of IndiaSBIN | ₹694 | +₹204 | +39.1% |
 GAIL (India)GAIL | ₹427 | +₹191 | +68.2% |
| Biggest unwinds | Book (₹ Cr) | Change | Shares |
|---|---|---|---|
 Reliance IndustriesRELIANCE | ₹462 | −₹365 | −46.3% |
 Bharat Petroleum CorporationBPCL | ₹81 | −₹261 | −75.7% |
 VedantaVEDL | ₹314 | −₹219 | −41.3% |
 Bank of IndiaBANKINDIA | ₹244 | −₹203 | −44.2% |
| IBIndiabulls Hsg FinIBULHSGFIN | ₹399 | −₹186 | −31.2% |
New to the top 500 (43)
Left the top 500 (43)
Apollo Tyres₹49
KFIN Technologies₹40
Amber Enterprises India₹39
Sobha₹35JPJaiprakash Associates₹34
Narayana Hrudayalaya₹34
Cummins India₹33
Zydus Lifesciences₹32
TARC₹32
Oriental Hotels₹30
Aurobindo Pharma₹30
Man Infraconstruction₹30+31 moreDay by day
Change in the combined book on each trading day. The largest single-day addition was +₹1,483 Cr on 17 Jan 2024; the largest fall was −₹923 Cr on 29 Jan 2024.
Sectors
Finance supplied 38% of the month's increase on its own. 5 sectors shrank while the book grew 11.8%, led by Energy Minerals.
| Largest additions | Book (₹ Cr) | Change | % |
|---|---|---|---|
| Finance | ₹14,708 | +₹2,273 | +18.3% |
| Utilities | ₹3,093 | +₹816 | +35.8% |
| Process Industries | ₹4,747 | +₹634 | +15.4% |
| Non-Energy Minerals | ₹3,466 | +₹484 | +16.2% |
| Electronic Technology | ₹1,789 | +₹452 | +33.8% |
| Sectors that shrank | Book (₹ Cr) | Change | % |
|---|---|---|---|
| Energy Minerals | ₹1,758 | −₹444 | −20.2% |
| Health Technology | ₹1,265 | −₹135 | −9.6% |
| Commercial Services | ₹764 | −₹64 | −7.7% |
| Distribution Services | ₹459 | −₹14 | −3.0% |
| Health Services | ₹104 | −₹13 | −10.9% |
NSE, BSE and concentration
NSE’s book moved +11.6% to ₹55,432 Cr and BSE’s +19.3% to ₹1,585 Cr, so BSE held 2.8% of the combined book. The ten largest positions held 12.5% of the whole book at month-end, 0.9 points more than a month earlier.
January in context
| Month | Book at month-end (₹ Cr) | Change |
|---|---|---|
| January 2024 | ₹57,017 | +11.8% |
| December 2023 | ₹51,019 | +10.1% |
| November 2023 | ₹46,338 | +2.8% |
| October 2023 | ₹45,094 | +4.5% |
| September 2023 | ₹43,134 | +9.3% |
| August 2023 | ₹39,461 | +16.8% |
Month-end is the last trading day in the archive for the month; changes compare 29 Dec 2023 with 31 Jan 2024. Sector figures sum each day’s largest positions on a fixed basis. See the methodology for every definition.