MTF Insights — February 2024
India's combined NSE + BSE MTF book rose ₹4,486 crore (7.9%) in February 2024 to ₹61,503 crore on 29 Feb 2024 — the 4th-largest monthly rise since tracking began, and 126.1% higher than a year earlier. It set a record ₹61,590 crore on 28 Feb 2024 before easing. The book grew on 15 of 21 sessions. HDFC Bank added the most, ₹312 crore.
IndiaMTF · 31 Jan 2024 to 29 Feb 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 | ₹1,965 | +₹312 | +22.8% |
 NHPCNHPC | ₹794 | +₹304 | +37.3% |
 ITCITC | ₹802 | +₹245 | +50.9% |
 NMDCNMDC | ₹509 | +₹243 | +66.6% |
 LICLICI | ₹550 | +₹234 | +49.7% |
| Biggest unwinds | Book (₹ Cr) | Change | Shares |
|---|---|---|---|
 Maruti Suzuki IndiaMARUTI | ₹96 | −₹404 | −82.0% |
 State Bank of IndiaSBIN | ₹455 | −₹239 | −41.6% |
 GAIL (India)GAIL | ₹237 | −₹190 | −45.0% |
| ZOZomatoZOMATO | ₹323 | −₹163 | −35.4% |
 PaytmPAYTM | ₹85 | −₹140 | −54.2% |
New to the top 500 (37)
Hero MotoCorp₹115
Indian Renewable Energy Development Agency₹85
Eureka Forbes₹71
Aurobindo Pharma₹56
JK Lakshmi Cement₹40
Apollo Tyres₹37
Lupin₹36AEAegis Logistics₹35
Apollo Hospitals Enterprise₹34ISICICI Securities₹34
Ideaforge Technology₹28
Punjab & Sind Bank₹28+25 moreLeft the top 500 (37)
Jaiprakash Power Ventures₹43
Filatex India₹40
Torrent Power₹37
S.J.S. Enterprises₹34
Tata Investment Corporation₹32
Havells India₹31
Sonata Software₹28
Siemens₹28
Cyient₹27
Syngene International₹25
Redtape₹25+25 moreDay by day
Change in the combined book on each trading day. The largest single-day addition was +₹1,072 Cr on 19 Feb 2024; the largest fall was −₹402 Cr on 13 Feb 2024.
Sectors
Finance supplied 47% of the month's increase on its own. 5 sectors shrank while the book grew 7.9%, led by Consumer Durables.
| Largest additions | Book (₹ Cr) | Change | % |
|---|---|---|---|
| Finance | ₹16,830 | +₹2,122 | +14.4% |
| Non-Energy Minerals | ₹4,368 | +₹902 | +26.0% |
| Energy Minerals | ₹2,248 | +₹490 | +27.8% |
| Consumer Non-Durables | ₹2,328 | +₹400 | +20.8% |
| Utilities | ₹3,436 | +₹343 | +11.1% |
| Sectors that shrank | Book (₹ Cr) | Change | % |
|---|---|---|---|
| Consumer Durables | ₹1,370 | −₹407 | −22.9% |
| Electronic Technology | ₹1,626 | −₹163 | −9.1% |
| Technology Services | ₹2,498 | −₹101 | −3.9% |
| Distribution Services | ₹421 | −₹39 | −8.4% |
| Commercial Services | ₹750 | −₹14 | −1.9% |
NSE, BSE and concentration
NSE’s book moved +7.9% to ₹59,816 Cr and BSE’s +6.4% to ₹1,687 Cr, so BSE held 2.7% of the combined book. The ten largest positions held 13.6% of the whole book at month-end, 1.2 points more than a month earlier.
February in context
| Month | Book at month-end (₹ Cr) | Change |
|---|---|---|
| February 2024 | ₹61,503 | +7.9% |
| 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% |
Month-end is the last trading day in the archive for the month; changes compare 31 Jan 2024 with 29 Feb 2024. Sector figures sum each day’s largest positions on a fixed basis. See the methodology for every definition.