MTF Insights — October 2026 (to date)
India's combined NSE + BSE MTF book fell ₹9,239 crore (5.8%) in October 2026 to ₹1,49,477 crore on 26 Oct 2026, and 32.0% higher than a year earlier. The book grew on 5 of 16 sessions. Infosys saw the largest unwind, ₹658 crore.
Month to date. This review covers 30 Sep 2026 to 26 Oct 2026 and updates every trading day; when the month closes, this page becomes its final review.
IndiaMTF · 30 Sep 2026 to 26 Oct 2026 · Tracking MTF data and analytics since 01 Aug 2017
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 |
|---|---|---|---|
 VEDLVedanta | ₹953 | +₹105 | +17.0% |
 CEMPROCemindia Projects | ₹134 | +₹94 | +199.5% |
 LTLarsen & Toubro | ₹1,048 | +₹92 | +11.1% |
 BAJFINANCEBajaj Finance | ₹461 | +₹89 | +26.4% |
 SHRIRAMFINShriram Finance | ₹402 | +₹88 | +34.9% |
| Biggest unwinds | Book (₹ Cr) | Change | Shares |
|---|---|---|---|
 INFYInfosys | ₹813 | −₹658 | −48.2% |
 BSEBSE Limited | ₹2,616 | −₹584 | −19.1% |
 TCSTata Consultancy Services | ₹662 | −₹514 | −47.9% |
 HDFCBANKHDFC Bank | ₹3,154 | −₹256 | −7.2% |
 BHARTIARTLBharti Airtel | ₹628 | −₹250 | −29.1% |
New to the top 1,000 (28)
TBO Tek₹76AUAugmont Enterprises₹43TETempsens Instruments (India)₹38
Arfin India₹38
West Coast Paper Mills₹36MVMV Electrosystems₹33
Aeroflex Enterprises₹33
Kross₹32MAManipal Health Enterprises₹29GOZerodhaamc - Goldcase₹29SUSunshine Pictures₹27
Valor Estate₹27+16 moreLeft the top 1,000 (28)
Borrowing versus price
Of the 2 largest positions with price history for both month-ends, 0 saw investors add shares under margin while the price fell. Share counts, not funded value, are compared here, because funded value moves with the price on its own; both are adjusted for splits and bonuses, and stocks with a demerger in the month are left out.
Investors added shares under margin while the price fell — leverage building into weakness.
- None this month
Shares under margin and the price both rose — leverage following the move.
- None this month
Shares were released from margin as the price fell — positions being cut or closed.
- NSEshares −11.3% · price −1.4%
- National Securities Depositoryshares −3.7% · price −7.6%
The price rose while shares under margin fell — gains being taken off the table.
- None this month
Most of their free float on margin
Shares under margin as a share of each stock’s free-float shares at month-end — how much of the stock that can actually trade is held on borrowed money — using the shareholding filing that was public at the time. Books under ₹25 crore are left out.
| Stock | Book (₹ Cr) | % of free float | Change |
|---|---|---|---|
 SBCSBC Exports | ₹280 | 28.90% | +0.48 pts |
| TETECHNOCRAFTechnocraft Ventures | ₹108 | 19.02% | +7.23 pts |
 TFCILTDTourism Finance Corporation of India | ₹828 | 17.83% | −0.02 pts |
| COCORDELIAWaterways Leisure Tourism | ₹112 | 15.22% | +0.92 pts |
 GSPCROPGSP Crop Science | ₹85 | 14.95% | +1.42 pts |
 RATNAVEERRatnaveer Precision Engineering | ₹220 | 14.63% | +2.64 pts |
 SHRINGARMSShringar House of Mangalsutra | ₹82 | 14.57% | −6.04 pts |
 NAZARANazara Technologies | ₹1,032 | 14.38% | −0.40 pts |
Day by day
Change in the combined book on each trading day. The largest single-day addition was +₹925 Cr on 07 Oct 2026; the largest fall was −₹2,824 Cr on 23 Oct 2026.
View as table: change on each trading day16 days
| Date | Change in the book |
|---|---|
| 01 Oct 2026 | −₹828 Cr |
| 05 Oct 2026 | −₹515 Cr |
| 06 Oct 2026 | −₹639 Cr |
| 07 Oct 2026 | +₹925 Cr |
| 08 Oct 2026 | −₹534 Cr |
| 09 Oct 2026 | −₹1,275 Cr |
| 12 Oct 2026 | +₹411 Cr |
| 13 Oct 2026 | −₹724 Cr |
| 14 Oct 2026 | +₹444 Cr |
| 15 Oct 2026 | +₹321 Cr |
| 16 Oct 2026 | −₹584 Cr |
| 19 Oct 2026 | +₹433 Cr |
| 21 Oct 2026 | −₹1,160 Cr |
| 22 Oct 2026 | −₹967 Cr |
| 23 Oct 2026 | −₹2,824 Cr |
| 26 Oct 2026 | −₹1,723 Cr |
Sectors
2 sectors grew while the book fell, led by Distribution Services.
| Largest additions | Book (₹ Cr) | Change | % |
|---|---|---|---|
| Distribution Services | ₹1,694 | +₹197 | +13.1% |
| Industrial Services | ₹5,079 | +₹56 | +1.1% |
| Sectors that shrank | Book (₹ Cr) | Change | % |
|---|---|---|---|
| Technology Services | ₹7,726 | −₹2,551 | −24.8% |
| Finance | ₹28,811 | −₹1,716 | −5.6% |
| Producer Manufacturing | ₹13,597 | −₹485 | −3.4% |
| Consumer Durables | ₹7,162 | −₹479 | −6.3% |
| Process Industries | ₹7,125 | −₹470 | −6.2% |
NSE, BSE and concentration
NSE’s book moved −6.0% to ₹1,42,096 Cr and BSE’s −2.7% to ₹7,381 Cr, so BSE held 4.9% of the combined book. The ten largest positions held 11.4% of the whole book at month-end, 0.5 points less than a month earlier.
October in context
| Month | Book at month-end (₹ Cr) | Change |
|---|---|---|
| October 2026 | ₹1,49,477 | −5.8% |
| September 2026 | ₹1,58,716 | +4.1% |
| August 2026 | ₹1,52,507 | +6.9% |
| July 2026 | ₹1,42,671 | +1.4% |
| June 2026 | ₹1,40,751 | +7.2% |
| May 2026 | ₹1,31,317 | +9.1% |
The month is still open: changes compare the previous month-end, 30 Sep 2026, with the latest day, 26 Oct 2026. Sector figures sum each day’s largest positions on a fixed basis. See the methodology for every definition.