F&O ban list 09 September 2026: Stocks in ban and MWPL watchlist, Bandhan Bank at 92.88%
- Three stocks are in the F&O ban: Steel Authority of India, Inox Wind, and LIC Housing Finance.
- Bandhan Bank tops the possible entrants list with T-1 MWPL utilisation of 92.88%.
- LIC Housing Finance saw the largest increase in MWPL utilisation among banned stocks (+6.54 pp).
- Kaynes Technology India recorded the largest decrease in MWPL utilisation among possible entrants (-3.20 pp).
*this image is generated using AI for illustrative purposes only.
Three stocks are in the F&O ban today while ten names appear on the possible entrants list, with Bandhan Bank recording the highest T-1 MWPL utilisation at 92.88%.
Stocks in F&O ban today
| # | Stock | Last close (₹) | Price change (%) | T-1 MWPL (%) | T-2 MWPL (%) | Change (pp) |
|---|---|---|---|---|---|---|
| 1 | Steel Authority of India | 186.10 | -0.96 | 96.42 | 94.00 | +2.42 |
| 2 | Inox Wind | 75.71 | +0.15 | 91.73 | 92.00 | -0.27 |
| 3 | LIC Housing Finance | 563.00 | +1.99 | 86.54 | 80.00 | +6.54 |
LIC Housing Finance recorded the largest increase in MWPL utilisation among banned stocks, rising 6.54 percentage points to 86.54%. Steel Authority of India saw its utilisation increase by 2.42 pp to 96.42%, while Inox Wind experienced a slight decrease of 0.27 pp to 91.73%.
Recent news around ban-listed stocks
Steel Authority of India
- LIC sold a 2.001% stake in Steel Authority of India via the open market between April 28 and September 1, 2026. The transaction involved 82,632,513 shares, reducing LIC's holding from 6.625% to 4.625%. The disclosure was made under SEBI Regulation 29(2).
Inox Wind
- Inox Wind secured a ₹755 crore order for a 100 MW wind project from IOCL subsidiary Terra Clean Limited. The deal includes 10-year O&M services post-commissioning, raising the total disclosed order book to ₹2,355 crore.
- The company scheduled its 17th AGM for September 25, 2026, seeking approval to increase the borrowing limit from ₹5,000 crore to ₹8,000 crore. Shareholders will also ratify related-party transactions totaling over ₹7,000 crore.
- Inox Wind filed its FY26 BRSR report, disclosing zero lost-time injuries and fatalities. Non-renewable energy consumption rose to 16,374 GJ, while water withdrawal fell sharply.
LIC Housing Finance
- No recent news in the last 7 days.
Possible F&O ban entrants
| # | Stock | Last close (₹) | Price change (%) | T-1 MWPL (%) | T-2 MWPL (%) | Change (pp) |
|---|---|---|---|---|---|---|
| 1 | Bandhan Bank | 171.58 | +4.18 | 92.88 | 87.00 | +5.88 |
| 2 | Manappuram Finance | 325.00 | -0.18 | 91.67 | 94.00 | -2.33 |
| 3 | IREDA | 112.20 | -0.66 | 89.81 | 85.00 | +4.81 |
| 4 | Kaynes Technology India | 3,610.00 | +0.17 | 87.80 | 91.00 | -3.20 |
| 5 | Ambuja Cements | 398.30 | -0.08 | 78.47 | 78.00 | +0.47 |
| 6 | LIC of India | 410.75 | -0.18 | 78.03 | 81.00 | -2.97 |
| 7 | Crompton Greaves | 231.90 | +0.38 | 76.33 | 79.00 | -2.67 |
| 8 | Canara Bank | 124.68 | +0.55 | 74.61 | 76.00 | -1.39 |
| 9 | NMDC | 84.71 | +1.03 | 72.92 | 71.00 | +1.92 |
| 10 | Patanjali Foods | 342.00 | +0.32 | 68.47 | 68.00 | +0.47 |
Bandhan Bank recorded the highest T-1 MWPL utilisation at 92.88%, which is below the 95% threshold for entry into the F&O ban. It also posted the largest increase in the list, rising 5.88 pp. Kaynes Technology India saw the largest decrease, falling 3.20 pp to 87.80%.
Possible entrants and recent developments
Bandhan Bank
- Bandhan Bank is scheduled to participate in the UBS India Summit 2026 on September 11, 2026, with an in-person group meeting in Mumbai.
- The bank received a Crisil ESG rating of 69 (Strong) for FY26, with a core ESG rating of 73 based on public disclosures.
- Bandhan Bank granted 1.04 crore ESOPs at ₹164.95 per option under Series 1, Tranche 8. Options vest equally in 25% tranches over four years.
IREDA
- IREDA scheduled its 39th AGM for September 29, 2026, to approve the FY26 final dividend. The record date is set for September 11, 2026.
- The company filed its FY26 sustainability report, reporting net worth at ₹1,37,813 crore. Scope 1 emissions dropped to 14.86 tonnes CO2e, while Scope 2 rose to 651.92 tonnes.
LIC of India
- LIC will present at Jefferies, Anand Rathi, and JP Morgan conferences in September. Investor meets are planned for September 18, 21, and 22, 2026.
Crompton Greaves
- Crompton Greaves hosts a one-to-one meet with Amansa Capital on September 11, 2026, and another with East Bridge Capital on September 9, 2026.
Canara Bank
- Canara Bank exercised the call option on ₹4,000 crore in Basel III AT1 bonds. Redemption is subject to RBI approval.
NMDC
- NMDC appointed M C Bhandari & Co as statutory auditor for consolidated and standalone accounts.
- The company filed its FY26 BRSR report, noting GHG emissions at 198,372 tCO2e. It also fixed October 5, 2026, as the record date for a ₹1.00 per share final dividend.
- NMDC established a new subsidiary, NMDC Global IFSC Limited, in GIFT City.
Patanjali Foods
- Patanjali Foods scheduled its 40th AGM for September 29, 2026, proposing an 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.
Will Bandhan Bank's rising MWPL utilisation of 92.88% trigger an imminent F&O ban if speculative interest continues to accelerate ahead of its UBS India Summit?
How might LIC Housing Finance's sharp 6.54 pp surge in open interest impact liquidity and volatility for traders attempting to exit positions under the current ban?
Could Inox Wind's proposed increase in borrowing limits from ₹5,000 crore to ₹8,000 crore influence investor sentiment and open interest levels once the ban is lifted?
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