F&O ban list 14 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 in the F&O ban list, with Bandhan Bank at 96.44% and Steel Authority of India at 95.87% MWPL utilisation.
  • LIC Housing Finance leads the possible entrants watchlist with 121.05% MWPL utilisation, up 33.05 pp from the previous session.
  • Cochin Shipyard saw a 9.17% price drop and a 9.77 pp increase in MWPL utilisation to 65.77%.
  • Crompton Greaves recorded the largest decrease in utilisation among top entrants, falling 3.97 pp to 77.03%.
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*this image is generated using AI for illustrative purposes only.

Five stocks are in the F&O ban list on 14 September 2026, while LIC Housing Finance leads the possible entrants watchlist with 121.05% market-wide position limit utilisation.

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 highest T-1 MWPL utilisation among banned stocks at 96.44%, an increase of 8.44 pp from the previous session. Steel Authority of India saw its utilisation rise by 2.87 pp to 95.87%. Conversely, Inox Wind and Kaynes Technology India showed decreased utilisation, with changes of -5.79 pp and -5.18 pp respectively.

Recent news around ban-listed stocks

Bandhan Bank held an in-person group meeting with investors at the UBS India Summit 2026 on September 11, 2026, in Mumbai. 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 posted the largest MWPL increase at +33.05 pp, reaching 121.05% utilisation, which is above the 95% threshold for F&O ban entry. Cochin Shipyard recorded the largest price decline at -9.17%, while its MWPL utilisation increased by 9.77 pp. Crompton Greaves saw the largest decrease in utilisation among the top five entrants, falling by -3.97 pp to 77.03%.

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 on September 17, 2026, at the Jefferies India Forum in Gurugram, featuring one-on-one and group meetings.

Crompton Greaves launched its WallSmile Outdoor Deco Wall Light Range on September 12, 2026. The company also faces a ₹8.37 lakh GST interest demand for delayed GSTR-3B filing in FY18 and plans to appeal the order.

Canara Bank warned that branch operations may be disrupted by union strikes scheduled for September 11 and 28-30, 2026.

NMDC fixed iron ore prices effective September 9, 2026, with lump ore priced at ₹5,400 per ton for 65.5% grade. It also appointed M C Bhandari & Co as statutory auditor.

Cochin Shipyard reported Q1FY27 revenue rose 23% YoY to ₹1,094 crore, while net profit declined 2% to ₹151 crore. Its order book stands at ₹219 billion. 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.

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 given their high open interest levels?

What is the likelihood of LIC Housing Finance being officially added to the F&O ban list in the coming sessions, considering its 121.05% MWPL utilisation?

Could the upcoming investor meetings for LIC of India and Ambuja Cements influence market sentiment enough to reduce open interest and prevent them from entering the ban list?

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