F&O ban list 08 September 2026: Stocks in ban and MWPL watchlist, Manappuram Finance at 91.78%
- Four stocks are in the F&O ban today: Steel Authority of India, Inox Wind, Kaynes Technology India, and LIC Housing Finance.
- Manappuram Finance tops the possible entrants watchlist with 91.78% MWPL utilisation, below the 95% ban threshold.
- IREDA recorded the largest MWPL increase among entrants, rising 5.49 pp to 90.49%.
- LIC Housing Finance showed the largest change in the ban list, with utilisation increasing 7.43 pp to 88.43%.

*this image is generated using AI for illustrative purposes only.
Four stocks are in the F&O ban today, while ten names are monitored for possible entry, with Manappuram Finance leading the watchlist at 91.78% utilisation.
Stocks in F&O ban today
| # | Stock | Last close (₹) | Price change (%) | T-1 MWPL (%) | T-2 MWPL (%) | Change (pp) |
|---|---|---|---|---|---|---|
| 1 | Steel Authority of India | 187.90 | -4.52 | 97.60 | 95.00 | +2.60 |
| 2 | Inox Wind | 75.60 | +1.61 | 95.55 | 93.00 | +2.55 |
| 3 | Kaynes Technology India | 3,604.00 | +0.17 | 88.83 | 93.00 | -4.17 |
| 4 | LIC Housing Finance | 552.00 | -1.79 | 88.43 | 81.00 | +7.43 |
Steel Authority of India is in ban with the highest utilisation at 97.60%, an increase of 2.60 pp from T-2. LIC Housing Finance recorded the largest change, with utilisation rising 7.43 pp to 88.43%. Kaynes Technology India is also in ban, though its utilisation decreased by 4.17 pp to 88.83%.
Recent news around ban-listed stocks
Steel Authority of India
- LIC sold a 2.001% stake in Steel Authority of India via open market transactions between April 28 and September 1, 2026, reducing its holding from 6.625% to 4.625%.
- The company recommended a final dividend of ₹2.35 per share for FY26. The 54th AGM is scheduled for September 24, 2026.
- Specific water consumption fell 26% to 2.85 m³/tcs in FY26, while green capex surged to ₹313.98 crore.
Inox Wind
- Inox Wind secured a ₹755 crore order for a 100 MW wind project from IOCL subsidiary Terra Clean Limited, raising its total disclosed order book to ₹2355 crore.
- The company filed its FY26 BRSR report, disclosing zero lost-time injuries and fatalities for employees and workers.
- Inox Wind scheduled its 17th AGM for September 25, 2026, seeking approval to increase borrowing limits from ₹5,000 crore to ₹8,000 crore.
Possible F&O ban entrants
| # | Stock | Last close (₹) | Price change (%) | T-1 MWPL (%) | T-2 MWPL (%) | Change (pp) |
|---|---|---|---|---|---|---|
| 1 | Manappuram Finance | 325.60 | -4.15 | 91.78 | 91.00 | +0.78 |
| 2 | IREDA | 112.95 | -0.61 | 90.49 | 85.00 | +5.49 |
| 3 | Bandhan Bank | 164.70 | -0.15 | 84.38 | 84.00 | +0.38 |
| 4 | Ambuja Cements | 398.60 | -1.58 | 77.15 | 78.00 | -0.85 |
| 5 | LIC of India | 411.50 | -0.93 | 77.13 | 80.00 | -2.87 |
| 6 | Crompton Greaves | 231.02 | -0.59 | 75.25 | 79.00 | -3.75 |
| 7 | Canara Bank | 124.00 | -1.20 | 73.54 | 75.00 | -1.46 |
| 8 | NMDC | 83.85 | -1.00 | 71.79 | 71.00 | +0.79 |
| 9 | Patanjali Foods | 340.90 | -0.47 | 69.18 | 69.00 | +0.18 |
| 10 | NBCC | 86.00 | -0.69 | 65.59 | 69.00 | -3.41 |
Manappuram Finance has the highest T-1 reading at 91.78%, which is below the 95% threshold for ban entry. IREDA recorded the largest increase, with utilisation rising 5.49 pp to 90.49%. Crompton Greaves saw the largest decrease, falling 3.75 pp to 75.25%.
Possible entrants and recent developments
Manappuram Finance No recent news in the last 7 days.
IREDA
- IREDA submitted its 39th BRSR for FY26, reporting net worth at ₹1,37,813 crore. Scope 1 emissions dropped to 14.86 tonnes CO2e.
- The company scheduled its 39th AGM for September 29, 2026, to approve the FY26 final dividend. The record date is set for September 11, 2026.
Bandhan Bank
- Bandhan Bank received a Crisil ESG rating of 69 (Strong) for FY26, with a core ESG rating of 73.
- The bank granted 1.04 crore ESOPs to employees at ₹164.95 per option under Series 1, Tranche 8.
- Goldman Sachs maintains a Neutral rating on Bandhan Bank with a target price of ₹180, citing FY27 loan growth guidance of 15-17%.
Crompton Greaves
- Crompton Greaves scheduled a one-to-one meet with Amansa Capital on September 11, 2026, and hosted East Bridge Capital on September 9, 2026.
Canara Bank
- Canara Bank exercised the call option on ₹4,000 crore in Basel III AT1 bonds, subject to RBI approval. Interest rates range between 8.05% and 8.40% per annum.
NMDC
- NMDC iron ore production rose 13.7% YoY to 4.07 million tonne in August. Cumulative production reached 23.23 million tonne.
- The company fixed October 5, 2026, as the record date for a ₹1.00 per share final dividend.
Patanjali Foods
- Patanjali Foods scheduled its 40th AGM for September 29, 2026, proposing a total interim dividend of ₹5 per share for FY26.
- GQG Partners reduced its stake by 0.08% to 3.94% between February 11 and August 31, 2026.
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 LIC's recent 2% stake reduction in SAIL influence market sentiment and liquidity for the stock while it remains under F&O ban?
Given Inox Wind's request to increase borrowing limits to ₹8,000 crore, what are the potential implications for its debt-to-equity ratio and future expansion capabilities?
With Manappuram Finance at 91.78% MWPL utilisation, how close is it to crossing the 95% threshold for an F&O ban, and what factors could accelerate this trend?
























