F&O ban list 12 September 2026: Stocks in ban and MWPL watchlist, LIC Housing Finance at 121.05%

4 min read | Published on 12 Sept 2026, 08:00 AM |Updated on 12 Sept 2026, 08:00 AM

Reviewed by

Ritika DScanX News Team

Add as a preferred
source on Google

Key Highlights

Five stocks remain in the F&O ban list, with Bandhan Bank and Steel Authority of India exceeding 95% MWPL utilisation.
LIC Housing Finance tops the possible entrants watchlist with 121.05% MWPL utilisation, a 42.05 pp increase from T-2.
NBCC recorded the largest decrease in MWPL utilisation among entrants at -4.72 pp to 63.28%.
Cochin Shipyard saw a 9.17% price drop despite an 11.77 pp rise in MWPL utilisation to 65.77%.

*this image is generated using AI for illustrative purposes only.

The F&O ban list includes five stocks on 12 September 2026, while ten names appear on the possible entrants watchlist, led by LIC Housing Finance at 121.05%.

Stocks in F&O ban today

#	Stock	Last close (₹)	Price change (%)	T-1 MWPL (%)	T-2 MWPL (%)	Change (pp)
1	Bandhan Bank	176.52	+1.45	96.44	94.00	+2.44
2	Steel Authority of India	179.00	-2.59	95.87	93.00	+2.87
3	Manappuram Finance	329.00	-0.54	87.41	91.00	-3.59
4	Inox Wind	76.50	+0.63	80.21	86.00	-5.79
5	Kaynes Technology India	3,505.00	+0.17	78.82	85.00	-6.18

Bandhan Bank and Steel Authority of India are in ban with T-1 MWPL utilisation above 95%. Bandhan Bank saw a +2.44 pp increase to 96.44%, while Steel Authority of India recorded a +2.87 pp rise to 95.87%. The other three stocks show decreased utilisation: Manappuram Finance fell -3.59 pp to 87.41%, Inox Wind dropped -5.79 pp to 80.21%, and Kaynes Technology India declined -6.18 pp to 78.82%.

Recent news around ban-listed stocks

Bandhan Bank held an investor meet at the UBS India Summit 2026 in Mumbai on September 11, 2026, participating under Regulation 30 of SEBI LODR. The bank received a Crisil ESG rating of 69 (Strong) for FY26 based on public disclosures. Additionally, Bandhan Bank granted 1,04,87,996 ESOPs to employees at a grant price of ₹164.95 per option, vesting equally over four years.

Possible F&O ban entrants

#	Stock	Last close (₹)	Price change (%)	T-1 MWPL (%)	T-2 MWPL (%)	Change (pp)
1	LIC Housing Finance	562.90	+1.92	121.05	79.00	+42.05
2	IREDA	111.71	-0.76	88.71	81.00	+7.71
3	LIC of India	404.10	-0.37	79.09	80.00	-0.91
4	Ambuja Cements	391.85	-0.95	77.33	79.00	-1.67
5	Crompton Greaves	231.00	+0.43	77.03	80.00	-2.97
6	Canara Bank	124.00	-0.48	74.37	76.00	-1.63
7	NMDC	82.40	-2.60	71.62	71.00	+0.62
8	Patanjali Foods	341.00	+0.37	69.38	69.00	+0.38
9	Cochin Shipyard	1,381.00	-9.17	65.77	54.00	+11.77
10	NBCC	82.90	-1.24	63.28	68.00	-4.72

LIC Housing Finance shows the highest T-1 MWPL utilisation at 121.05%, which is above 95%. It also recorded the largest increase at +42.05 pp. In contrast, NBCC showed the largest decrease at -4.72 pp to 63.28%. Notably, Cochin Shipyard saw a sharp price decline of -9.17% despite an MWPL utilisation increase of +11.77 pp to 65.77%.

Possible entrants and recent developments

LIC Housing Finance has no recent news reported in the last seven days.

IREDA also has no recent news reported in the last seven days.

LIC of India is scheduled to present at Jefferies, Anand Rathi, and JP Morgan conferences in September, with investor meets planned for September 18, 21, and 22, 2026.

Ambuja Cements will host an investor meet at the Jefferies India Forum in Gurugram on September 17, 2026, involving one-on-one and group sessions limited to publicly available information.

Crompton Greaves faces a ₹8.37 lakh GST interest demand for delayed GSTR-3B filing in FY18, upheld by the Deputy Commissioner of Appeals in Chennai. The company plans to appeal under Section 112 of the SGST Act, 2017, stating no material impact on financials. It also hosts virtual analyst meetings with Schonfeld Strategic Advisors on September 17 and Eternal Capital on September 16, 2026.

Canara Bank warned of potential branch disruption due to union strikes announced by the United Forum of Bank Unions for September 11 and 28-30, 2026, with a continuous strike scheduled from October 26, 2026.

NMDC fixed iron ore prices effective September 9, 2026, at ₹5,400 per ton for 65.5% grade lump ore and ₹4,500 per ton for 64% grade fines. It also appointed M/s. M C Bhandari & Co. as statutory auditor and filed its FY26 BRSR report showing GHG emissions at 198,372 tCO2e.

Patanjali Foods scheduled its 40th AGM for September 29, 2026, proposing a total interim dividend of ₹5 per share for FY26 and the re-appointment of Acharya Balkrishna as Chairman.

Cochin Shipyard reported Q1FY27 revenue rising 23% YoY to ₹1,094 crore, while net profit declined 2% to ₹151 crore. Its order book stands at ₹219 billion, up from ₹211 billion as on June 30. The company was fined ₹9.66 lakh by BSE and NSE for SEBI LODR violations regarding independent director appointments.

NBCC declared a ₹0.46 final dividend per share for FY26 at its AGM, bringing the total dividend payout to ₹1.00 per share, and reappointed directors Anjeev Kumar Jain and Ravi Kumar Arora.

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 upcoming union strikes at Canara Bank in late September and October impact its F&O open interest levels and potential ban status?

Given LIC Housing Finance's MWPL utilization exceeding 121%, what regulatory actions or liquidity adjustments are likely to occur if open interest does not decrease below the 80% threshold soon?

Could the recent sharp price decline and regulatory fines for Cochin Shipyard influence investor sentiment and derivatives positioning ahead of its next earnings report?