F&O ban list 14 September 2026: Stocks in ban and MWPL watchlist, LIC Housing Finance at 121.05%
- 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%.

*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?
























