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MTF Trends

How India’s combined NSE + BSE margin trading book has moved over time — the long-term trend, month-on-month change, drawdown from peak, and the balance between fresh funding and liquidation.

Day-level history from 01 Jan 2025 to 10 Sep 2026 · 407 trading days.
India’s combined NSE + BSE margin trading book stood at ₹1,54,509 crore as of 2026-09-09. Its highest recorded level is ₹1,55,039 crore, leaving the book 0.3% below peak.

How concentrated is the leverage?

A total tells you how much leverage exists, not whether it is spread across the market or piled into a few names. These measure the spread across the 1000 largest funded scrips.
Top 10 share
12.4%
of the funded book
Top 25 share
21.4%
of the funded book
Top 50 share
32.3%
of the funded book
Effective names
260
HHI 39
The ten largest positions carry 12.4% of all margin funding. Concentration is equivalent to about 260 equally-sized positions — the lower that number, the more the market’s leverage depends on a small group of stocks. Measured across the scrips we retain per day, so the true figure including the long tail is marginally lower.

Combined MTF book — long-term trend

Net scripwise outstanding (NSE + BSE) at each month-end, ₹ crore.
Month-end values21 rows
Month endMTF book (₹ Cr)Change (₹ Cr)Change %
2025-01-31₹77,874——
2025-02-28₹71,327−6,547-8.4%
2025-03-28₹68,070−3,257-4.6%
2025-04-30₹69,1761,106+1.6%
2025-05-30₹79,0879,911+14.3%
2025-06-30₹84,6465,559+7.0%
2025-07-31₹91,9097,263+8.6%
2025-08-29₹93,8601,951+2.1%
2025-09-30₹99,4465,586+6.0%
2025-10-31₹1,13,28113,835+13.9%
2025-11-28₹1,15,9802,699+2.4%
2025-12-31₹1,17,4801,500+1.3%
2026-01-08₹1,19,8132,333+2.0%
2026-02-27₹1,19,430−383-0.3%
2026-03-09₹1,15,735−3,695-3.1%
2026-04-30₹1,20,3344,599+4.0%
2026-05-08₹1,24,3874,053+3.4%
2026-06-30₹1,40,75116,364+13.2%
2026-07-07₹1,40,399−352-0.3%
2026-08-31₹1,52,50712,108+8.6%
2026-09-09₹1,54,5092,002+1.3%

Month-over-month change

Percentage change in the combined book at each month-end versus the month before.

Drawdown from peak

How far the combined book sits below its highest level to date, at every trading day.

Fresh exposure vs liquidation — combined

Gross fresh funding and gross liquidation reported each day, ₹ crore. Unlike the net book, these are the exchanges' own gross flow figures and cannot be derived from scrip-level data.
Sector breakdown12 of 21 sectors
SectorMTF book (₹ Cr)% of book1D1W1MScrips
Finance₹33,20722.31%+0.2%+1.7%+6.4%149
Producer Manufacturing₹16,75711.26%+0.2%+2.2%+9.2%140
Technology Services₹11,2417.55%+0.5%+6.8%+6.0%60
Process Industries₹10,3826.97%+0.1%+0.8%+7.1%119
Non-Energy Minerals₹9,8466.61%+0.3%−0.3%+5.6%61
Electronic Technology₹8,9316.00%+1.0%−1.7%−2.4%37
Consumer Durables₹7,6055.11%−0.6%+0.9%+14.9%47
Utilities₹6,4334.32%+0.4%−2.1%+0.1%34
Health Technology₹6,3494.26%+0.2%+4.5%+11.6%61
Consumer Non-Durables₹6,0204.04%−0.2%+1.3%+7.5%52
Industrial Services₹5,8333.92%+0.8%+0.5%−1.7%47
Energy Minerals₹4,9893.35%+3.2%+0.1%+7.0%15
Disclaimer. Data sourced from daily margin trading disclosure provided by NSE and BSE. This website and page are meant for educational and information only — not investment advice. MTF is leveraged and can amplify losses. Rules, margins, rates and eligible-stock lists change; verify current details with your broker and SEBI/exchange circulars. IndiaMTF.com is not a SEBI-registered intermediary, broker, or investment adviser and has no affiliation with SEBI, NSE or BSE. Figures are reproduced from publicly disclosed exchange data, may be delayed or revised, and should be independently verified before any trading decision. Consult a SEBI-registered investment adviser before investing.