India and the world

Money borrowed to buy shares in 15 stock markets, each from its own exchange or regulator, converted to rupees at ₹94.93 a dollar. Compiled by mtf.trading; India's figure is mtf.trading, from NSE/BSE disclosures. CC BY-SA 4.0.

India's MTF book

₹1.52 lakh cr

2 Nov 2026

India, as share of market value

0.33%

11 of 14 other markets are higher

United States

1.97%

₹142 lakh cr

FINRA margin debt, Sep 2026

China

1.94%

₹33 lakh cr

Shanghai and Shenzhen, 2 Nov 2026

Margin debt, share of market value

Highest first

  1. Vietnam4.33%
  2. United States1.97%
  3. China1.94%
  4. Canada0.75%
  5. South Korea0.53%
  6. Hong Kong0.50%
  7. Japan0.47%
  8. Turkey0.46%
  9. Taiwan0.43%
  10. Australia0.42%
  11. Pakistan0.35%
  12. India0.33%
  13. Thailand0.24%
  14. Saudi Arabia0.22%
  15. Greece0.07%

Margin debt in rupees

Largest first

  1. United States₹142 lakh cr
  2. China₹33 lakh cr
  3. Japan₹3.93 lakh cr
  4. Canada₹3.22 lakh cr
  5. Hong Kong₹2.50 lakh cr
  6. South Korea₹2.30 lakh cr
  7. Taiwan₹1.81 lakh cr
  8. Vietnam₹1.69 lakh cr
  9. India₹1.52 lakh cr
  10. Australia₹88,790 cr
  11. Saudi Arabia₹52,000 cr
  12. Turkey₹19,790 cr
  13. Thailand₹14,090 cr
  14. Pakistan₹2,360 cr
  15. Greece₹1,350 cr

Sources

Markets measure this differently; small gaps are noise.

MarketWhat is countedAmountOf market valueAs ofSource
VietnamSecurities-company margin loans (dư nợ ký quỹ)₹1.69 lakh cr4.33%30 Sep 2026Securities-company filings, FiinTrade/FiinGroup (CafeF / Tien Phong, end-Q3-2026)
United StatesFINRA margin debt₹142 lakh cr1.97%Sep 2026FINRA
ChinaSSE + SZSE financing balance (融资余额)₹33 lakh cr1.94%2 Nov 2026Shanghai + Shenzhen Stock Exchanges
CanadaCIRO client margin debit balances₹3.22 lakh cr0.75%30 Jan 2026CIRO (ex-IIROC), latest via The Globe and Mail
South KoreaCredit loan balance (신용거래융자)₹2.30 lakh cr0.53%16 Oct 2026KOFIA
Hong KongSecurities margin financing (outstanding margin loans)₹2.50 lakh cr0.50%31 Dec 2025SFC (Hong Kong)
JapanJPX margin buying balance (信用買残)₹3.93 lakh cr0.47%25 Sep 2026Japan Exchange Group
TurkeyTSPB margin trading loan balance (kredili işlemler)₹19,790 cr0.46%Sep 2026TSPB (Turkish Capital Markets Association)
TaiwanTWSE margin balance (融資餘額)₹1.81 lakh cr0.43%2 Nov 2026Taiwan Stock Exchange
AustraliaRBA margin lending, total (Table D10)₹88,790 cr0.42%30 Jun 2026Reserve Bank of Australia
PakistanNCCPL leverage market (MTS + MFS net open position)₹2,360 cr0.35%17 Jul 2026National Clearing Company of Pakistan (NCCPL) · Leverage Market: MTS + MFS net open position
IndiaNSE + BSE MTF book₹1.52 lakh cr0.33%2 Nov 2026mtf.trading, from NSE/BSE disclosures
ThailandSET margin loan outstanding₹14,090 cr0.24%26 Jun 2026Stock Exchange of Thailand
Saudi ArabiaCMA margin lending · outstanding balance₹52,000 cr0.22%31 Mar 2026Capital Market Authority (Saudi Arabia)
GreeceHCMC debit balances in margin accounts₹1,350 cr0.07%31 Dec 2025Hellenic Capital Market Commission