MTF risk

Forced selling, and the size of the book next to daily trading.

MTF book in days of trading

1.2 days

1.1 days a year ago

Flush days

25

since 21 May 2024

Latest flush day

6 May 2026

₹7,101 cr sold or repaid

The book fell ₹478 cr that day

Most sold in one day

₹10,710 cr

on 6 Jun 2025

Leverage Stress Index

0 to 100; 100 is the worst on record. 5-day average, last five years.

02040608039.7Nov 2021Jun 2024Nov 2026
02040608039.7Nov 2021Mar 2023Jun 2024Aug 2025Nov 2026

Normal: 39.7

5-day average. 2 Nov 2026 alone scored 36.6, made up of:

  1. Forced selling10
  2. Book shrinking59
  3. Fall from the high56
  4. Stocks with falling books28
  5. Turnover of positions11

Book and flush days

Last three years; dots mark flush days

₹0₹0.50 lakh cr₹1.00 lakh cr₹1.50 lakh cr₹2.00 lakh cr₹1,52,392 crNov 2023May 2025Nov 2026
₹0₹0.50 lakh cr₹1.00 lakh cr₹1.50 lakh cr₹2.00 lakh cr₹1,52,392 crNov 2023Aug 2024May 2025Feb 2026Nov 2026

The book in days of trading

Book ÷ average daily cash turnover, 5 years

0 days0.5 days1 day1.5 days1.2 daysNov 2021Jun 2024Nov 2026
0 days0.5 days1 day1.5 days1.2 daysNov 2021Mar 2023Jun 2024Aug 2025Nov 2026

20-day average turnover. Higher: more to absorb in a sell-off.

Every flush day

DateSold or repaidBook change
6 May 2026₹7,101 cr−₹478 cr
8 Apr 2026₹6,462 cr−₹346 cr
3 Feb 2026₹6,617 cr−₹1,131 cr
29 Sep 2025₹6,756 cr−₹396 cr
19 Sep 2025₹7,368 cr−₹37 cr
12 Sep 2025₹6,926 cr−₹54 cr
10 Sep 2025₹7,208 cr−₹631 cr
1 Sep 2025₹6,891 cr−₹1,227 cr
18 Aug 2025₹6,802 cr−₹782 cr
27 Jun 2025₹7,412 cr−₹124 cr
26 Jun 2025₹6,538 cr−₹27 cr
6 Jun 2025₹10,710 cr−₹339 cr
20 Sep 2024₹6,618 cr−₹1,568 cr
31 Jul 2024₹6,534 cr−₹327 cr
26 Jul 2024₹6,907 cr−₹427 cr
12 Jul 2024₹7,775 cr−₹451 cr
5 Jul 2024₹8,738 cr−₹45 cr
3 Jul 2024₹7,088 cr−₹948 cr
14 Jun 2024₹7,541 cr−₹299 cr
7 Jun 2024₹6,705 cr−₹617 cr
5 Jun 2024₹6,691 cr−₹659 cr
4 Jun 2024Election results crash₹9,792 cr−₹1,042 cr
3 Jun 2024Pre-election-result selloff₹8,891 cr−₹1,431 cr
24 May 2024₹6,559 cr−₹567 cr
21 May 2024₹6,654 cr−₹54 cr

What is a flush day?

When share prices fall, MTF borrowers get margin calls. Those who can't add money are sold out by their broker.

A flush day is when the money sold or repaid is unusually large and the book shrinks. Flagged by mtf.trading.