F&O ban list 07 September 2026: Stocks in ban and MWPL watchlist, CDSL at 51.05%
- Steel Authority of India and LIC Housing Finance are in the F&O ban list with 0.00% MWPL utilisation.
- CDSL leads the possible entrants watchlist with the highest utilisation at 51.05%.
- NMDC saw the largest decrease in utilisation among entrants, dropping by 70.99 pp.
- Adani Energy Solutions ranks world No.1 in ESG scores and received significant MSCI inflows.
*this image is generated using AI for illustrative purposes only.
Two stocks are in the F&O ban list on 07 September 2026, while ten names are ranked for possible entry, with CDSL showing 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 | Steel Authority of India | 196.80 | -0.10 | 0.00 | 95.00 | -95.00 |
| 2 | LIC Housing Finance | 562.05 | +1.45 | 0.00 | 81.00 | -81.00 |
Steel Authority of India and LIC Housing Finance are in ban. Steel Authority of India recorded the largest decrease in utilisation, falling by 95.00 pp to 0.00%, while LIC Housing Finance saw a drop of 81.00 pp to 0.00%. Both stocks closed with minimal price changes, down 0.10% and up 1.45% respectively.
Recent news around ban-listed stocks
Steel Authority of India reported a 26% reduction in specific water use to 2.85 m³/tcs in FY26, alongside a surge in green capex to ₹313.98 crore. The company also recommended a final dividend of ₹2.35 per share for FY26, with the 54th AGM scheduled for September 24, 2026. Additionally, LIC sold a 2.001% stake in SAIL via the open market, reducing its holding from 6.625% to 4.625%.
No recent news was reported for LIC Housing Finance.
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 among entrants at 51.05%, which is below the 95% threshold for ban entry. It saw the largest increase in utilisation, rising by 3.05 pp. In contrast, NMDC experienced the largest decrease, falling by 70.99 pp to 0.01%. Most other listed stocks showed significant decreases in utilisation, with Polycab noting the most notable price decline at -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% via the open market. The stock is also set to receive an inflow of USD 353M from the MSCI August rebalancing.
NMDC filed its FY26 BRSR report, disclosing GHG emissions of 198,372 tCO2e and iron ore production exceeding 53 MTPA. The company incorporated a new subsidiary, NMDC Global IFSC Limited, in GIFT City and scheduled its 68th AGM for September 28, 2026. August iron ore output rose 13.7% YoY to 4.07 million tonnes.
360 One WAM shareholders approved the Employee Stock Appreciation Rights Scheme 2026 with 98.77% support. However, the reappointment of Mr. Pavninder Singh faced dissent, securing only 67.20% of votes polled, with public institutions voting against it.
KPIT Technologies shareholders approved a final dividend of ₹5.25 per share for FY26 at its AGM held on August 31, 2026. Board changes included the reappointment of Kishor Patil, Bhavna Doshi, Anup Sable, and Chinmay Pandit.
Polycab India hosted an 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 removal of SAIL and LIC Housing Finance from the F&O ban list impact their liquidity and volatility once trading restrictions are lifted?
Given CDSL's rising MWPL utilisation, what specific market conditions or investor behaviors could push it closer to the 95% ban threshold in the near term?
Will the MSCI August rebalancing inflow of USD 353M for Adani Energy Solutions offset the recent stake reduction by GQG Partners and influence its derivatives open interest?
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