NewsF&O ban list 27 August 2026: Stocks in ban and MWPL watchlist, Steel Authority of India at 103.03%F&O ban list 27 August 2026: Stocks in ban and MWPL watchlist, Steel Authority of India at 103.03%
- Steel Authority of India remains in F&O ban with OI at 103.03% of MWPL
- Ten stocks on watchlist including LIC Housing Finance and Inox Wind
- Kaynes Technology India saw biggest OI jump of +6.25 pp to 82.25%
- PSU and financial sectors dominate the high-OI watchlist
*this image is generated using AI for illustrative purposes only.
One stock remains in the F&O ban list for 27 August 2026, while ten others sit on the market-wide position limit watchlist. Steel Authority of India leads the ban list with open interest at 103.03% of the limit.
The market-wide position limit (MWPL) rule prohibits fresh trading when open interest exceeds 95% of the exchange-defined limit. Only square-off trades are permitted until positions unwind. Today’s list highlights concentrated positioning in PSU and financial stocks, signaling elevated risk for derivatives traders.
Key highlights
- In ban today: 1 stock (Steel Authority of India)
- On watchlist: 10 stocks above the 80% MWPL threshold
- Biggest OI jump: from Kaynes Technology India
- Biggest OI drop: from Canara Bank
- Highest OI vs MWPL: from Steel Authority of India
- Notable price move: from LIC Housing Finance
- Sector cluster: PSU and financials dominate the top ten entrants
- News-driven mover: Kaynes Technology India driven by MoU news
Stocks in F&O ban today
| # | Stock | LTP (₹) | Change (%) | OI vs MWPL (%) | Prev Day (%) |
|---|---|---|---|---|---|
| 1 | Steel Authority of India | 193.90 | -0.51 | 103.03 | 100.00 |
Steel Authority of India continues to trade under F&O restrictions after breaching the 95% threshold in previous sessions. The stock’s open interest has risen further to 103.03%, indicating persistent speculative activity despite the ban.
Why these stocks are in ban
- Steel Authority of India: SAIL sets Sept 30 record date for ₹2.35 per share final dividend in FY26 pushed OI above the threshold.
Possible F&O ban entrants
| # | Stock | Last close (₹) | Price change (%) | T-1 MWPL (%) | T-2 MWPL (%) | Change (pp) |
|---|---|---|---|---|---|---|
| 1 | Steel Authority of India | 193.90 | -0.51 | 103.03 | 100.00 | +3.03 |
| 2 | LIC Housing Finance | 528.20 | +0.72 | 88.79 | 86.00 | +2.79 |
| 3 | Inox Wind | 73.45 | +0.34 | 87.57 | 89.00 | -1.43 |
| 4 | IREDA | 118.10 | -0.59 | 85.03 | 82.00 | +3.03 |
| 5 | Kaynes Technology India | 4,020.00 | -0.30 | 82.25 | 76.00 | +6.25 |
| 6 | Bandhan Bank | 174.00 | +0.29 | 81.73 | 83.00 | -1.27 |
| 7 | Manappuram Finance | 365.40 | +0.00 | 79.00 | 78.00 | +1.00 |
| 8 | LIC of India | 417.45 | +0.52 | 78.87 | 79.00 | -0.13 |
| 9 | Ambuja Cements | 420.00 | +0.19 | 78.41 | 77.00 | +1.41 |
| 10 | Canara Bank | 131.43 | +1.53 | 75.56 | 77.00 | -1.44 |
Ten stocks currently sit on the watchlist, with none crossing the 100% mark but several approaching the critical 95% barrier. Kaynes Technology India shows the strongest momentum with a +6.25 percentage point jump, while Inox Wind and Bandhan Bank see cooling interest.
Top 3 entrants — what's driving them
- Steel Authority of India at 103.03% (from 100.00%, +3.03 pp): The stock remains in ban territory as traders react to the final dividend announcement. Open interest increased by 3.03 percentage points despite a slight price decline of 0.51%.
- LIC Housing Finance at 88.79% (from 86.00%, +2.79 pp): No recent news explains this build-up, suggesting pure derivatives positioning. The stock rose 0.72% in the session, attracting new long positions.
- Inox Wind at 87.57% (from 89.00%, -1.43 pp): Promoter group entity acquired 30 lakh shares in inter-se transfer on August 25, 2026. Despite the corporate action, open interest fell slightly as some positions were squared off.
Sector and momentum view
PSU and financial stocks dominate the watchlist, with Steel Authority of India, LIC Housing Finance, IREDA, and LIC of India all showing significant open interest. This concentration suggests sector-specific speculation rather than broad market moves.
What this means for traders
- Stocks in ban (>95% MWPL): only square-off (position-reducing) trades are allowed. New long or short entries are blocked exchange-wide until OI drops.
- Watchlist (80-95% MWPL): high probability of entering ban if OI keeps building through the next session.
- Volatility: stocks near or in ban typically see elevated intraday volatility and wider bid-ask spreads as liquidity thins.
- Rollover impact: approaching expiry, watch for aggressive unwinding in these names — rolls can look chunky.
- Risk: F&O ban is a regulatory guardrail, not a directional signal — a stock in ban is not automatically bearish or bullish.
Bottom line
Steel Authority of India remains the sole stock in F&O ban with open interest at 103.03% of the market-wide limit. Kaynes Technology India showed the biggest open interest jump at +6.25 percentage points, moving to 82.25% of the limit. Traders should monitor these names for potential volatility as positions adjust.
How might the concentration of high open interest in PSU and financial stocks impact sectoral volatility during the upcoming expiry cycle?
What is the likelihood of Kaynes Technology India entering the F&O ban list given its sharp +6.25 percentage point jump in open interest?
Could the dividend announcement for Steel Authority of India lead to a rapid unwinding of positions, or will speculative interest persist beyond the record date?
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