What is the leverage indicator?
The margin required for intraday trades can be lower than the funds needed if you buy or sell stocks using the Longterm (CNC) option on Kite. The leverage indicator shows the number of times benefit you get due to the lower margin.
For instance, if the leverage benefit is 5 times using intraday orders, you will see 5x beside the margin required. In order to see the leverage that is provided for the stock, you need to select the product type as Intraday MIS as shown below:
This is only for the Equity stocks in which MIS or CO is allowed.