F&O ban list 18 September 2026: Stocks in ban and MWPL watchlist, LIC Housing Finance at 107.98%
- Five stocks are in the F&O ban today, including Steel Authority of India and Bandhan Bank
- LIC Housing Finance tops the possible entrants list with 107.98% MWPL utilisation, up 17.98 pp
- Indian Energy Exchange shows the largest decrease in utilisation at -6.28 pp to 58.72%
- IREDA records a significant increase of 9.07 pp, reaching 90.07% MWPL utilisation

*this image is generated using AI for illustrative purposes only.
Five stocks are in the F&O ban today, while ten names appear on the possible entrants watchlist for 18 September 2026. LIC Housing Finance tops the watchlist with a T-1 MWPL utilisation of 107.98%.
Stocks in F&O ban today
| # | Stock | Last close (₹) | Price change (%) | T-1 MWPL (%) | T-2 MWPL (%) | Change (pp) |
|---|---|---|---|---|---|---|
| 1 | Steel Authority of India | 175.01 | +0.84 | 92.01 | 93.00 | -0.99 |
| 2 | Bandhan Bank | 171.50 | -0.58 | 86.51 | 85.00 | +1.51 |
| 3 | Inox Wind | 74.10 | -0.54 | 84.75 | 82.00 | +2.75 |
| 4 | Manappuram Finance | 316.05 | -1.20 | 84.00 | 87.00 | -3.00 |
| 5 | Kaynes Technology India | 3,520.00 | +3.99 | 75.96 | 80.00 | -4.04 |
Steel Authority of India records the highest T-1 MWPL utilisation among banned stocks at 92.01%, a decrease of 0.99 pp from T-2. Inox Wind shows the largest increase in utilisation at +2.75 pp, reaching 84.75%. Kaynes Technology India registers the largest decrease at -4.04 pp, with utilisation falling to 75.96%.
Recent news around ban-listed stocks
Steel Authority of India plans non-deal roadshows in Mumbai on September 23 and 24, 2026, to meet prospective investors and analysts under SEBI LODR Regulation 30.
Bandhan Bank held an analyst meet on September 17, 2026, at the Jefferies India Forum 2026 in Gurugram, engaging with participants including C Worldwide and Schroder.
Inox Wind schedules investor meetings for September 21 and 28, 2026, to present Q2FY27 results at the Anand Rathi G-200 Summit and Arihant Capital Markets conference.
Kaynes Technology India held its 18th AGM on September 17, 2026, where shareholders approved FY26 audited financial statements and reappointed directors Mrs. Savitha Ramesh and Mr. Jairam Paravastu Sampath.
Possible F&O ban entrants
| # | Stock | Last close (₹) | Price change (%) | T-1 MWPL (%) | T-2 MWPL (%) | Change (pp) |
|---|---|---|---|---|---|---|
| 1 | LIC Housing Finance | 545.90 | +0.53 | 107.98 | 90.00 | +17.98 |
| 2 | IREDA | 108.99 | +0.54 | 90.07 | 81.00 | +9.07 |
| 3 | LIC of India | 400.00 | +1.14 | 83.85 | 86.00 | -2.15 |
| 4 | Ambuja Cements | 383.25 | +0.58 | 79.55 | 79.00 | +0.55 |
| 5 | Crompton Greaves | 225.10 | +0.76 | 76.35 | 80.00 | -3.65 |
| 6 | Canara Bank | 123.90 | +0.57 | 75.10 | 76.00 | -0.90 |
| 7 | Patanjali Foods | 354.45 | -2.89 | 72.48 | 72.00 | +0.48 |
| 8 | NMDC | 80.80 | +0.60 | 70.02 | 71.00 | -0.98 |
| 9 | NBCC | 82.13 | +0.88 | 61.57 | 66.00 | -4.43 |
| 10 | Indian Energy Exchange | 113.40 | +1.25 | 58.72 | 65.00 | -6.28 |
LIC Housing Finance records the highest T-1 MWPL utilisation at 107.98%, which is above 95%. It also shows the largest increase at +17.98 pp. Indian Energy Exchange registers the largest decrease at -6.28 pp, with utilisation falling to 58.72%. IREDA follows with a significant increase of +9.07 pp, reaching 90.07%.
Possible entrants and recent developments
Ambuja Cements hosts investor and analyst meetings in Mumbai on September 21 and 22, 2026, coinciding with JP Morgan and Anand Rathi conferences. The company also held an investor meet at the Jefferies India Forum on September 17, 2026.
Crompton Greaves launches the WallSmile Outdoor Deco Wall Light Range with prices from ₹1,000 to ₹2,000. The company faces an ₹8.37 lakh GST interest demand for delayed GSTR-3B filing in FY18 and plans to appeal under Section 112 of the SGST Act, 2017.
Canara Bank raised ₹2,042 crore via Additional Tier I bonds on September 16, 2026, at an 8.10% coupon rate. The RBI approved the bank's call option on ₹1,500 crore AT1 bonds on September 15, 2026, and the bank credited ₹159.80 crore as annual interest on its AT1 bonds.
Patanjali Foods schedules an analyst and investor meeting on September 18, 2026, starting at 9 am for direct engagement with the company.
NBCC opens a branch office in South Yarra, Australia, to target PMC and EPC contracts for overseas growth. The company declared a ₹0.46 final dividend per share for FY26 at its 66th AGM.
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 non-deal roadshows for SAIL and investor meetings for Inox Wind influence their open interest levels and potential removal from the F&O ban list?
Given LIC Housing Finance's MWPL utilisation exceeding 107%, what specific regulatory or market actions could trigger its immediate inclusion in the F&O ban, and how would this impact liquidity?
Will Canara Bank's recent AT1 bond issuance and RBI-approved call options stabilize its stock volatility, thereby preventing it from entering the F&O ban watchlist despite rising utilisation?
























