F&O ban list 08 September 2026: Stocks in ban and MWPL watchlist, Manappuram Finance at 91.78%

scanx
Reviewed by
Ritika DScanX News Team
Key Highlights
  • 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%.
powered bylight_fuzz_icon
50378425

*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?

like17
dislike