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India's MTF Book Surges Past ₹1.5 Lakh Crore

5 Oct

Summary

The MTF book crossed ₹1.51 lakh crore by September end.
PB Fintech saw a massive jump in MTF positions.
HFCL experienced a significant drop in leveraged positions.

India's stock market saw its Margin Trading Facility (MTF) book exceed ₹1.5 lakh crore at the close of September. The total book size reached ₹1.51 lakh crore, reflecting a 3.6% increase from the ₹1.45 lakh crore recorded at the end of August.

PB Fintech emerged as a notable gainer, with its MTF positions multiplying significantly in September, rising from ₹38.7 crore to ₹254.2 crore. Other stocks like Granules India also witnessed substantial growth in their MTF exposure, more than quintupling. In contrast, HFCL experienced a dramatic reduction in its leveraged positions, with its exposure falling from over ₹500 crore to nearly zero.

Additionally, 81 new entities entered the MTF book in September. These new entrants were primarily new listings and recently launched ETFs, including prominent names like Technocraft Ventures and Indo-MIM, adding diversity to the facility's holdings.

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