F&O ban list 05 September 2026: Stocks in ban and MWPL watchlist, CDSL at 51.05%
- Four stocks are in the F&O ban list: LIC Housing Finance, Inox Wind, Steel Authority of India, and Kaynes Technology India.
- CDSL leads the possible entrants watchlist with 51.05% MWPL utilisation, up 5.05 pp from T-2.
- NMDC saw the largest MWPL decrease among entrants at -69.99 pp, falling from 70.00% to 0.01%.
- All banned stocks show 0.00% T-1 MWPL utilisation, indicating a decline from previous sessions.
*this image is generated using AI for illustrative purposes only.
Four stocks are in the F&O ban list on 05 September 2026, while CDSL tops the possible entrants watchlist with 51.05% MWPL utilisation.
Stocks in F&O ban today
| # | Stock | Last close (₹) | Price change (%) | T-1 MWPL (%) | T-2 MWPL (%) | Change (pp) |
|---|---|---|---|---|---|---|
| 1 | LIC Housing Finance | 562.05 | +1.45 | 0.00 | 85.00 | -85.00 |
| 2 | Inox Wind | 74.40 | +0.54 | 0.00 | 97.00 | -97.00 |
| 3 | Steel Authority of India | 196.80 | -0.10 | 0.00 | 95.00 | -95.00 |
| 4 | Kaynes Technology India | 3,598.00 | +3.24 | 0.00 | 95.00 | -95.00 |
All four stocks show a T-1 MWPL utilisation of 0.00%, indicating a decrease from their T-2 readings. Inox Wind recorded the largest drop at -97.00 pp, falling from 97.00% in T-2. LIC Housing Finance also saw a significant decline of -85.00 pp from 85.00%. Price movements were mixed, with Kaynes Technology India rising +3.24% to ₹3,598.00, while Steel Authority of India dipped -0.10% to ₹196.80.
Recent news around ban-listed stocks
Inox Wind filed its FY26 BRSR report on 03 September, detailing sustainability metrics including workforce data and energy consumption. The company also secured a ₹755 crore order from Indian Oil for a 100 MW wind project, raising its disclosed order book to ₹2,355 crore. Additionally, Inox Wind scheduled its 17th AGM for 25 September, seeking approval for a borrowing limit increase to ₹8,000 crore.
Steel Authority of India saw LIC reduce its stake from 6.625% to 4.625% via open market sales between April 28 and 01 September. SAIL reported a 26% reduction in specific water use in FY26 and recommended a final dividend of ₹2.35 per share. The 54th AGM is set for 24 September.
Possible F&O ban entrants
| # | Stock | Last close (₹) | Price change (%) | T-1 MWPL (%) | T-2 MWPL (%) | Change (pp) |
|---|---|---|---|---|---|---|
| 1 | CDSL | 1,394.60 | +0.04 | 51.05 | 46.00 | +5.05 |
| 2 | BSE | 3,409.80 | +3.14 | 22.33 | 21.00 | +1.33 |
| 3 | Alkem Laboratories | 5,190.00 | -0.06 | 0.16 | 21.00 | -20.84 |
| 4 | Adani Energy Solutions | 1,409.60 | +1.72 | 0.04 | 48.00 | -47.96 |
| 5 | 360 One WAM | 1,137.00 | -1.56 | 0.01 | 7.00 | -6.99 |
| 6 | NMDC | 84.70 | +0.61 | 0.01 | 70.00 | -69.99 |
| 7 | ABB | 7,410.00 | -0.30 | 0.01 | 22.00 | -21.99 |
| 8 | Polycab | 8,300.00 | -5.76 | 0.01 | 29.00 | -28.99 |
| 9 | KPIT Technologies | 575.45 | -1.38 | 0.00 | 46.00 | -46.00 |
| 10 | NBCC | 86.60 | +0.12 | 0.00 | 69.00 | -69.00 |
CDSL recorded the highest T-1 MWPL utilisation at 51.05%, an increase of +5.05 pp from T-2. This reading remains below the 95% threshold. NMDC showed the largest decrease at -69.99 pp, dropping from 70.00% to 0.01%. Most other entrants saw declines in utilisation, with Adani Energy Solutions falling -47.96 pp and NBCC down -69.00 pp. Polycab experienced the notable price move, falling -5.76% to ₹8,300.00.
Possible entrants and recent developments
Adani Energy Solutions achieved an ESG score of 90 out of 100 from S&P Global, ranking it as the top utility company globally. GQG Partners reduced its stake to 3.46% after selling 1.63% via open market transactions. The stock is also set to receive USD 353 million in inflows from the MSCI August rebalancing.
NMDC incorporated a new subsidiary, NMDC Global IFSC Limited, in GIFT City. Iron ore production rose 13.7% year-on-year to 4.07 million tonnes in August, driven by growth in Chhattisgarh and Karnataka regions.
360 One WAM shareholders approved the Employee Stock Appreciation Rights Scheme 2026 with 98.77% support. However, the reappointment of director Pavninder Singh faced dissent, securing only 67.20% of votes polled.
Polycab hosted investor meetings with PL Capital and Ashmore UK on 03 September, followed by an analyst meet with Schonfeld Strategic Advisors on 04 September.
KPIT Technologies shareholders approved a final dividend of ₹5.25 per share for FY26 at its AGM on 31 August. The meeting also passed resolutions for board changes and remuneration limits.
ABB and Nüvü Cameras developed the camera readout system for NASA's Roman Telescope, which launched on 30 August to study exoplanets.
Understanding MWPL and the table
- MWPL is the maximum aggregate open interest permitted in a stock's derivatives.
- A stock enters the F&O ban when aggregate open interest exceeds 95% of MWPL; while it is in ban, participants may only reduce existing positions.
- Normal trading resumes when aggregate open interest falls to 80% of MWPL or below.
- T-1 is the latest completed trading session, T-2 is the preceding completed session, and Change (pp) is T-1 MWPL utilisation minus T-2 MWPL utilisation in percentage points.
How might the removal of F&O trading restrictions on Inox Wind and LIC Housing Finance impact their short-term volatility and liquidity once open interest drops below the 80% threshold?
Given CDSL's rising MWPL utilisation to 51.05%, what factors could accelerate its entry into the ban list, and how would this affect derivatives strategies for market infrastructure investors?
Will SAIL's recent stake reduction by LIC and its upcoming AGM influence investor sentiment enough to counteract the temporary illiquidity caused by the F&O ban?
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