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

*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?
























