F&O ban list 10 September 2026: Stocks in ban and MWPL watchlist, Bandhan Bank at 96.39%
- Five stocks are in the F&O ban list, including Steel Authority of India at 96.58% and Inox Wind at 93.09%
- Bandhan Bank tops the possible entrants watchlist with 96.39% MWPL utilisation, above the 95% threshold
- IREDA records the largest MWPL increase at +8.07 pp, reaching 93.07%
- NBCC sees the largest decrease at -4.83 pp, falling to 64.17%
- Manappuram Finance shows the largest decrease among banned stocks at -7.22 pp
*this image is generated using AI for illustrative purposes only.
Five stocks are in the F&O ban list on 10 September 2026, while ten names appear on the possible entrants watchlist, led by Bandhan Bank at 96.39%.
Stocks in F&O ban today
| # | Stock | Last close (₹) | Price change (%) | T-1 MWPL (%) | T-2 MWPL (%) | Change (pp) |
|---|---|---|---|---|---|---|
| 1 | Steel Authority of India | 186.40 | +0.16 | 96.58 | 93.00 | +3.58 |
| 2 | Inox Wind | 77.39 | +2.22 | 93.09 | 90.00 | +3.09 |
| 3 | Manappuram Finance | 320.00 | -1.54 | 87.78 | 95.00 | -7.22 |
| 4 | Kaynes Technology India | 3,615.00 | +0.14 | 86.96 | 90.00 | -3.04 |
| 5 | LIC Housing Finance | 555.00 | -1.42 | 86.67 | 80.00 | +6.67 |
Steel Authority of India is in ban with the highest utilisation at 96.58%, up 3.58 pp from T-2. LIC Housing Finance saw the largest increase at 6.67 pp, rising to 86.67%. Conversely, Manappuram Finance recorded the largest decrease at -7.22 pp, falling to 87.78%. Inox Wind is in ban at 93.09%, up 3.09 pp, while Kaynes Technology India is in ban at 86.96%, down 3.04 pp.
Recent news around ban-listed stocks
Inox Wind files its FY26 BRSR report detailing sustainability metrics, including a workforce of 2,135 individuals and zero lost-time injuries. The company also secures a ₹755 crore order for a 100 MW wind project from IOCL subsidiary Terra Clean Limited, raising its total disclosed order book to ₹2,355 crore.
Possible F&O ban entrants
| # | Stock | Last close (₹) | Price change (%) | T-1 MWPL (%) | T-2 MWPL (%) | Change (pp) |
|---|---|---|---|---|---|---|
| 1 | Bandhan Bank | 171.70 | +0.07 | 96.39 | 92.00 | +4.39 |
| 2 | IREDA | 111.99 | -0.19 | 93.07 | 85.00 | +8.07 |
| 3 | Ambuja Cements | 397.00 | -0.33 | 77.99 | 78.00 | -0.01 |
| 4 | Crompton Greaves | 232.96 | +0.46 | 77.21 | 80.00 | -2.79 |
| 5 | LIC of India | 407.50 | -0.79 | 76.27 | 81.00 | -4.73 |
| 6 | Canara Bank | 124.08 | -0.48 | 73.94 | 77.00 | -3.06 |
| 7 | NMDC | 85.80 | +1.29 | 73.01 | 71.00 | +2.01 |
| 8 | Patanjali Foods | 341.00 | -0.29 | 68.14 | 68.00 | +0.14 |
| 9 | NBCC | 83.60 | -2.79 | 64.17 | 69.00 | -4.83 |
| 10 | Kalyan Jewellers | 607.60 | -0.82 | 64.00 | 59.00 | +5.00 |
Bandhan Bank has the highest T-1 reading at 96.39%, which is above 95%. IREDA recorded the largest increase at +8.07 pp, reaching 93.07%. NBCC saw the largest decrease at -4.83 pp, falling to 64.17%. Other notable changes include Kalyan Jewellers up 5.00 pp to 64.00% and LIC of India down 4.73 pp to 76.27%.
Possible entrants and recent developments
Bandhan Bank (T-1 MWPL: 96.39%) receives a Crisil ESG rating of 69 (Strong) for FY26 and grants 1.04 crore ESOPs at ₹164.95 per option. The bank also reappoints Rajinder Kumar Babbar as Executive Director and appoints Nitin Arora as Chief of Internal Vigilance.
NMDC (T-1 MWPL: 73.01%) fixes iron ore prices at ₹5,400/ton for lump ore effective September 9, 2026. The company appoints M C Bhandari & Co as statutory auditor and incorporates a new subsidiary, NMDC Global IFSC Limited, in GIFT City.
LIC of India (T-1 MWPL: 76.27%) schedules investor meets for September 18, 21, and 22, 2026, including presentations at the Jefferies India Forum and J P Morgan India Conference.
Canara Bank (T-1 MWPL: 73.94%) exercises its call option on ₹4,000 crore in Basel III AT1 bonds, subject to RBI approval, with record dates set between October 2026 and February 2027.
Patanjali Foods (T-1 MWPL: 68.14%) schedules its 40th AGM for September 29, 2026, proposing an interim dividend of ₹5 per share. GQG Partners reduces its stake by 0.08% to 3.94%.
Kalyan Jewellers (T-1 MWPL: 64.00%) hosts analyst meets on September 11 and participates in the Jefferies India Forum on September 17, 2026.
Crompton Greaves (T-1 MWPL: 77.21%) schedules a one-to-one meet with Amansa Capital on September 11, 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 will the F&O ban on Steel Authority of India and Inox Wind impact liquidity and price volatility in their respective derivatives segments?
Given Bandhan Bank's MWPL utilisation at 96.39%, what is the likelihood of it joining the ban list in the next trading session, and how might this affect retail trading strategies?
Could the recent ₹755 crore order win by Inox Wind help stabilize its open interest levels and potentially facilitate an earlier exit from the F&O ban?
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