F&O ban list 06 September 2026: Stocks in ban and MWPL watchlist, CDSL at 51.05%
- Four stocks are in the F&O ban today, with all showing T-1 MWPL utilisation of 0.00%.
- Steel Authority of India recorded the largest MWPL decrease among banned stocks at -95.00 pp.
- CDSL leads the possible entrants list with 51.05% MWPL utilisation, up 3.05 pp.
- NMDC saw the largest MWPL decrease among possible entrants, falling 70.99 pp to 0.01%.
- Polycab experienced the most significant price decline at -5.76% among watchlisted stocks.
*this image is generated using AI for illustrative purposes only.
Four stocks are in the F&O ban today, while ten names appear on the possible entrants watchlist, with CDSL recording the highest utilisation at 51.05%.
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 | 81.00 | -81.00 |
| 2 | Kaynes Technology India | 3,598.00 | +3.24 | 0.00 | 93.00 | -93.00 |
| 3 | Steel Authority of India | 196.80 | -0.10 | 0.00 | 95.00 | -95.00 |
| 4 | Inox Wind | 74.40 | +0.54 | 0.00 | 93.00 | -93.00 |
All four stocks listed in the ban table show a T-1 MWPL utilisation of 0.00%, indicating a significant decrease from their T-2 readings. Steel Authority of India recorded the largest decline at -95.00 pp, dropping from a T-2 utilisation of 95.00%. Kaynes Technology India and Inox Wind both decreased by 93.00 pp, while LIC Housing Finance fell by 81.00 pp from 81.00%.
Recent news around ban-listed stocks
Steel Authority of India reported that LIC sold a 2.001% stake via the open market, reducing its holding from 6.625% to 4.625%. The company also announced a ₹2.35 per share final dividend for FY26 and noted a 26% reduction in specific water use to 2.85 m³/tcs in FY26.
Inox Wind secured a ₹755 crore order from Indian Oil for a 100 MW wind project, raising its total disclosed order book to ₹2,355 crore. The company filed its FY26 BRSR report and scheduled its 17th AGM for September 25, seeking approval for a borrowing limit increase to ₹8,000 crore.
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 | 48.00 | +3.05 |
| 2 | BSE | 3,409.80 | +3.14 | 22.33 | 20.00 | +2.33 |
| 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 | 71.00 | -70.99 |
| 7 | ABB | 7,410.00 | -0.30 | 0.01 | 22.00 | -21.99 |
| 8 | Polycab | 8,300.00 | -5.76 | 0.01 | 37.00 | -36.99 |
| 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%, which is below the 95% threshold for entry into the ban. It also posted the largest increase among the group, rising 3.05 pp from 48.00%. NMDC saw the largest decrease, falling 70.99 pp to 0.01%. Polycab experienced the most notable price movement, declining 5.76%.
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%. The stock is set to receive an inflow of USD 353 million due to MSCI August rebalancing.
NMDC established a new subsidiary, NMDC Global IFSC Limited, in GIFT City. Its August iron ore output rose 13.7% year-on-year to 4.07 million tonnes, with cumulative production reaching 23.23 million tonnes.
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.
ABB and Nüvü Camēras developed the camera readout system for NASA's Roman Telescope, which launched on August 30, 2026. The instrument features a coronagraph 100 to 1,000 times more powerful than existing space-based systems.
KPIT Technologies shareholders approved a final dividend of ₹5.25 per share for FY26. The company also approved board changes including the reappointment of Kishor Patil and Bhavna Doshi.
Polycab India hosted a virtual analyst meet with Schonfeld Strategic Advisors on September 4, sharing only public information and website presentations.
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 sharp decline in MWPL utilization for banned stocks like SAIL and Inox Wind impact their short-term liquidity and volatility once they exit the ban?
Given CDSL's rising open interest utilization, what factors could drive it closer to the 95% ban threshold in the coming weeks?
Will the recent stake sale by LIC in SAIL influence institutional sentiment and future price discovery for the stock post-ban?
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