F&O ban list 13 September 2026: Stocks in ban and MWPL watchlist, LIC Housing Finance at 121.05%

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Reviewed by
Ritika DScanX News Team
Key Highlights
  • Five stocks are currently in the F&O ban list, with Bandhan Bank showing the highest utilisation at 96.44%.
  • LIC Housing Finance leads the possible entrants watchlist with 121.05% MWPL utilisation, up 33.05 pp.
  • Bandhan Bank recorded the largest MWPL increase among banned stocks (+8.44 pp), while Inox Wind saw the largest decrease (-5.79 pp).
  • Cochin Shipyard fell 9.17% in price despite a 9.77 pp rise in MWPL utilisation.
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*this image is generated using AI for illustrative purposes only.

Five stocks are in the F&O ban list today, with Bandhan Bank showing the highest utilisation at 96.44%, while LIC Housing Finance tops the possible entrants watchlist 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 88.00 +8.44
2 Steel Authority of India 179.00 -2.59 95.87 93.00 +2.87
3 Manappuram Finance 329.00 -0.54 87.41 90.00 -2.59
4 Inox Wind 76.50 +0.63 80.21 86.00 -5.79
5 Kaynes Technology India 3,505.00 +0.17 78.82 84.00 -5.18

Bandhan Bank recorded the largest increase in MWPL utilisation among banned stocks, rising by 8.44 pp to 96.44%. Steel Authority of India saw a smaller rise of 2.87 pp to 95.87%. Conversely, Inox Wind and Kaynes Technology India showed the largest decreases, with utilisations falling by 5.79 pp and 5.18 pp respectively.

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 in group sessions with institutions including Axis Asset Management and Balyasny Asset Management. The bank also received a Crisil ESG rating of 69 (Strong) for FY26, based on public disclosures.

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 88.00 +33.05
2 IREDA 111.71 -0.76 88.71 80.00 +8.71
3 LIC of India 404.10 -0.37 79.09 83.00 -3.91
4 Ambuja Cements 391.85 -0.95 77.33 79.00 -1.67
5 Crompton Greaves 231.00 +0.43 77.03 81.00 -3.97
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 56.00 +9.77
10 NBCC 82.90 -1.24 63.28 67.00 -3.72

LIC Housing Finance recorded the highest T-1 MWPL utilisation at 121.05%, which is above the 95% threshold. It also posted the largest increase of 33.05 pp. Crompton Greaves showed the largest decrease of 3.97 pp. Cochin Shipyard noted a significant price decline of 9.17% alongside a 9.77 pp rise in utilisation.

Possible entrants and recent developments

LIC of India plans to hold investor meets on September 18, 21, and 22, 2026, including sessions at the Jefferies India Forum and J P Morgan India Conference. Ambuja Cements will host an investor meet at the Jefferies India Forum in Gurugram on September 17, 2026. Crompton Greaves launched its WallSmile outdoor deco wall light range and faces a ₹8.37 lakh GST interest demand for delayed FY18 filings, which it plans to appeal. Canara Bank warned of potential branch disruptions due to union strikes scheduled for September 11 and late September. NMDC fixed iron ore prices at ₹5,400/ton for lump ore from September 9 and appointed M C Bhandari & Co as statutory auditor. Cochin Shipyard reported Q1FY27 revenue rising 23% to ₹1,094 crore, with an order book of ₹219 billion. NBCC declared a ₹0.46 final dividend per share for FY26.

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 F&O ban on Bandhan Bank and SAIL impact their short-term liquidity and volatility compared to peers in the banking and steel sectors?

Given LIC Housing Finance's MWPL utilisation exceeding 121%, what are the immediate risks for derivative traders holding open positions, and how likely is a ban extension?

Will the upcoming investor meets for LIC of India and Ambuja Cements influence market sentiment enough to reduce open interest and prevent them from entering the F&O ban list?

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