# Booming Leverage in Indian Stocks

> Stock brokers borrow $33 billion to fuel India's leveraged equity bets.
- Title: Booming Leverage in Indian Stocks · mint | Shortify
- Summary: Stock brokers borrow $33 billion to fuel India's leveraged equity bets. Indian stock brokers raised $33 billion in short-term debt to support growing margin…
- Keywords: indian stocks, margin trading, stock brokers, leverage, commercial paper, reserve bank of india, money, business, Booming, Indian, Stocks, mint
- Source: mint — https://livemint.com/market/booming-leverage-in-indian-stocks-fuels-33-billion-debt-binge-11791165418152.html
- Published: 2026-10-05T01:56:57+00:00
- Read time: 1 min
- Topics: indian stocks, margin trading, stock brokers, leverage, commercial paper, reserve bank of india, money, business
## Brokers dominate debt market
Stock brokers borrowed billions of dollars to finance investors' growing appetite for leveraged equity bets.
## 21% CP issuance surge
Brokers accounted for 21% of commercial paper issuance this year, up from 4% in 2021.
## $33 billion debt raised
Brokers raised 3.2 trillion rupees ($33 billion) through commercial paper issuance.
## Record leverage positions
Leveraged equity positions reached 1.6 trillion rupees as of September 30.
## Funding shift from banks
Reserve Bank of India curbed bank lending to proprietary trading firms in February.
## Market stability concerns
Zerodha Broking warned a sharp market decline could risk margin-loan business growth.
## Key takeaway

Indian stock brokers raised $33 billion in short-term debt to support growing margin trading, risking market stability as leverage positions hit record levels.