Retail investors borrow ₹2,227 crore via MTF to buy Jio Platforms shares on listing debut

What happened: Individual investors borrowed ₹2,227 crore via the margin trading facility to buy Jio Platforms shares on its trading debut, one of the five most funded stocks on 28 October. Key numbers: ₹2,182 crore of the borrowing was on the NSE, the rest on the BSE. Jio Platforms listed at a 27% premium to its ₹1,119 issue price and closed at ₹1,417, up 26.81%. Why it matters: The NSE placed the stock in Group 1, and Shai Coelho of Vtrender said the leveraged buying reflects strong bullish interest among retail investors in a relatively weak market.

Individual investors borrowed ₹2,227 crore via the margin trading facility to buy Jio Platforms shares on its trading debut, one of the five most funded stocks on 28 October.

The NSE placed the stock in Group 1, and Shai Coelho of Vtrender said the leveraged buying reflects strong bullish interest among retail investors in a relatively weak market.