MTF Insights — March 2024
India's combined NSE + BSE MTF book fell ₹4,395 crore (7.1%) in March 2024 to ₹57,108 crore on 28 Mar 2024 — the largest monthly fall since tracking began, and 121.8% higher than a year earlier. The book grew on 7 of 19 sessions. HDFC Bank saw the largest unwind, ₹508 crore.
IndiaMTF · 29 Feb 2024 to 28 Mar 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 |
|---|---|---|---|
| TATata MotorsTATAMOTORS | ₹729 | +₹207 | +27.3% |
 Tata Consultancy ServicesTCS | ₹321 | +₹164 | +97.8% |
 JSW EnergyJSWENERGY | ₹363 | +₹134 | +48.2% |
 Central Depository Services (India)CDSL | ₹301 | +₹108 | +58.8% |
 InfosysINFY | ₹366 | +₹107 | +43.7% |
| Biggest unwinds | Book (₹ Cr) | Change | Shares |
|---|---|---|---|
 HDFC BankHDFCBANK | ₹1,457 | −₹508 | −25.9% |
 Bajaj FinanceBAJFINANCE | ₹501 | −₹358 | −40.6% |
 ITCITC | ₹595 | −₹207 | −26.3% |
 Larsen & ToubroLT | ₹208 | −₹192 | −49.4% |
 IndusInd BankINDUSINDBK | ₹101 | −₹170 | −60.2% |
New to the top 500 (30)
J.Kumar Infraprojects₹41
Gujarat Ambuja Exports₹39
Sonata Software₹36
Tata Motors Passenger Vehicles₹34
Skipper₹32
Aster DM Quality Care₹27
Rico Auto Industries₹26
Ethos₹24
Genesys International Corporation₹24ISIsmt₹24
Havells India₹24
KEC International₹24+18 moreLeft the top 500 (30)
Day by day
Change in the combined book on each trading day. The largest single-day addition was +₹610 Cr on 26 Mar 2024; the largest fall was −₹1,445 Cr on 13 Mar 2024.
Sectors
4 sectors grew while the book fell, led by Technology Services.
| Largest additions | Book (₹ Cr) | Change | % |
|---|---|---|---|
| Technology Services | ₹2,813 | +₹316 | +12.6% |
| Unclassified | ₹3,439 | +₹102 | +3.1% |
| Utilities | ₹3,473 | +₹37 | +1.1% |
| Health Services | ₹197 | +₹17 | +9.2% |
| Sectors that shrank | Book (₹ Cr) | Change | % |
|---|---|---|---|
| Finance | ₹14,782 | −₹2,048 | −12.2% |
| Non-Energy Minerals | ₹3,665 | −₹703 | −16.1% |
| Process Industries | ₹4,373 | −₹536 | −10.9% |
| Industrial Services | ₹2,246 | −₹311 | −12.2% |
| Health Technology | ₹1,162 | −₹195 | −14.4% |
NSE, BSE and concentration
NSE’s book moved −8.9% to ₹54,503 Cr and BSE’s +54.4% to ₹2,605 Cr, so BSE held 4.6% of the combined book. The ten largest positions held 13.0% of the whole book at month-end, 0.6 points less than a month earlier.
March in context
| Month | Book at month-end (₹ Cr) | Change |
|---|---|---|
| March 2024 | ₹57,108 | −7.1% |
| 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% |
Month-end is the last trading day in the archive for the month; changes compare 29 Feb 2024 with 28 Mar 2024. Sector figures sum each day’s largest positions on a fixed basis. See the methodology for every definition.