F&O ban list 21 October 2026: Stocks in ban and MWPL watchlist, Kaynes Technology India at 99.16%

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Reviewed by
Ritika DScanX News Team
Key Highlights
  • Two stocks, Steel Authority of India and Ambuja Cements, are currently in the F&O ban list.
  • Kaynes Technology India leads the possible entrants watchlist with a high MWPL utilisation of 99.16%.
  • IREDA recorded the largest MWPL utilisation increase of 17.36 pp among the listed entrants.
  • Inox Wind posted the largest decrease in MWPL utilisation, falling 2.91 pp to 84.09%.
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*this image is generated using AI for illustrative purposes only.

On 21 October 2026, two stocks are in the F&O ban, with Kaynes Technology India topping the possible entrants watchlist at 99.16% MWPL utilisation.

Stocks in F&O ban today

# Stock Last close (₹) Price change (%) T-1 MWPL (%) T-2 MWPL (%) Change (pp)
1 Steel Authority of India 168.97 -1.16 94.00 94.00 -0.00
2 Ambuja Cements 361.85 +0.51 92.90 91.00 +1.90

Steel Authority of India is in ban with a static 94.00% utilisation, showing no change from the previous session. Ambuja Cements is also in ban, where MWPL utilisation increased by 1.90 pp to 92.90%, despite a marginal price rise of 0.51%.

Possible F&O ban entrants

# Stock Last close (₹) Price change (%) T-1 MWPL (%) T-2 MWPL (%) Change (pp)
1 Kaynes Technology India 3,250.00 -0.94 99.16 92.00 +7.16
2 LIC Housing Finance 511.50 -1.82 94.26 87.00 +7.26
3 Manappuram Finance 319.55 -1.36 87.18 85.00 +2.18
4 IREDA 106.54 -2.08 85.36 68.00 +17.36
5 Crompton Greaves 208.45 -3.27 85.13 87.00 -1.87
6 Inox Wind 64.89 -4.05 84.09 87.00 -2.91
7 LIC of India 393.35 -1.11 78.62 78.00 +0.62
8 Bandhan Bank 163.80 -2.21 78.45 81.00 -2.55
9 Patanjali Foods 364.80 -0.68 77.75 73.00 +4.75
10 APL Apollo Tubes 2,144.60 -0.38 74.98 75.00 -0.02

Kaynes Technology India records the highest T-1 MWPL utilisation at 99.16%, which is above the 95% threshold. IREDA registered the largest increase of 17.36 pp to reach 85.36%, while Inox Wind saw the largest decrease of 2.91 pp to 84.09%.

Possible entrants and recent developments

IREDA reported a standalone net profit increase of 12% YoY to ₹891.75 crore for H1FY27, alongside a decline in GNPA to 3.57%. Crompton Greaves recorded a 65.1% YoY rise in net profit to ₹125 crore for Q2FY27, with consolidated revenue expanding 18.2%.

Sector and MWPL change view

A clear majority of the supplied entrants experienced an increase in MWPL utilisation from T-2 to T-1, with seven out of ten names recording positive percentage point changes.

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 impending F&O ban on Kaynes Technology India impact its short-term price volatility and liquidity dynamics once trading restrictions take effect?

Will the significant 17.36 percentage point surge in IREDA's MWPL utilisation, despite its strong H1FY27 profit growth, indicate a shift in institutional positioning towards renewable energy financing stocks?

Given Ambuja Cements' rising MWPL utilisation amid a marginal price gain, what underlying fundamental or sectoral catalysts could be driving increased derivative interest in the cement segment?

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