What is an F&O Ban?
F&O Ban refers to a situation where trading in futures and options (F&O) of specific stocks is restricted. Stocks are placed under this ban when their market-wide position limit exceeds 95%. This measure prevents excessive speculation and aims to maintain market stability and integrity.
F&O Ban List
| SYMBOL | PREVIOUS MWPL % | CURRENT MWPL % |
| Securities In Ban | ||
| Aditya Birla Capital Ltd | 84.83 | 83.8 |
| Aditya Birla Fashion & Retail Ltd | 94.24 | 93.05 |
| Bandhan Bank Ltd | 96.94 | 93.97 |
| Biocon Ltd | 98.89 | 91.79 |
| Birlasoft Ltd | 86.1 | 85.04 |
| Granules India Ltd | 97.74 | 92.59 |
| Hindustan Copper Ltd | 85 | 84.06 |
| India Cements Ltd | 140.55 | 139.89 |
| IndiaMART InterMESH Ltd | 90.76 | 88.54 |
| LIC Housing Finance Ltd | 97.35 | 94.93 |
| Manappuram Finance Ltd | 95.3 | 92.24 |
| Punjab National Bank (PNB) | 89.63 | 87.72 |
| RBL Bank Ltd | 86.6 | 86.03 |
| Steel Authority of India Ltd (SAIL) | 104.71 | 94.11 |
| Sun TV Network Ltd | 71.38 | 120.24 |
| Possible Entrants | ||
| Adani Enterprises Ltd | 67.03 | 80.03 |
| Bank of Baroda | 79.56 | 80.77 |
| Chambal Fertilisers & Chemicals Ltd | 77.64 | 81.78 |
| Container Corporation of India Ltd (CONCOR) | 80.65 | 81.26 |
| Exide Industries Ltd | 88.57 | 90.41 |
| Vodafone Idea Ltd (IDEA) | 79.47 | 80.3 |
| IDFC First Bank Ltd | 84.88 | 85.73 |
| Indian Energy Exchange Ltd (IEX) | 88.06 | 86.64 |
| National Aluminium Company Ltd (NALCO) | 71.26 | 85.19 |
| Piramal Enterprises Ltd (PEL) | 83.7 | 87.3 |
| SBI Cards & Payment Services Ltd (SBICARD) | 80.52 | 83.14 |
| Possible Exits | ||
| Aditya Birla Capital Ltd | 84.83 | 83.8 |
| Hindustan Copper Ltd | 85 | 84.06 |
Introduction to F&O Ban List Companies
Aditya Birla Capital Limited
Aditya Birla Capital Limited (ABCL), a subsidiary of the Aditya Birla Group, offers life insurance, asset management, wealth management, retail, and housing finance in India. The company demonstrates stable growth, competing in a competitive financial services market with a strong national presence.
Aditya Birla Fashion and Retail Limited
Aditya Birla Fashion and Retail Limited is a leading player in the fashion and retail industry in India, offering a wide range of apparel and accessories under popular brands.
Bandhan Bank Limited
Bandhan Bank Limited is a commercial bank in India, focused on serving underbanked and rural customers with a wide range of banking and financial products and services.
Biocon Limited
Biocon Limited is an Indian biopharmaceutical company specializing in diabetes, cancer, and autoimmune treatments. It operates in Generics, Biosimilars, Novel Biologics, and Research Services, with products including Tacrolimus and Rosuvastatin. Biocon has facilities in Bangalore, Hyderabad, and Visakhapatnam, employing advanced technologies in API manufacturing.
Birlasoft Ltd
Birlasoft Limited is based in India and offers a range of IT and consultancy services. Its digital solutions include data analytics, cloud, and blockchain, while enterprise services cover CRM, supply chain management, and IT transformation. Key solutions are intelliAsset, TruView CLM, and AKOYA, serving multiple industries.
Granules India
Granules India Limited is a pharmaceutical company with operations in APIs, PFIs, and FDs. It has over eight manufacturing facilities, including seven in India and one in the U.S. The company serves global markets through subsidiaries like Granules USA and Granules Europe.
Hindustan Copper Ltd
Hindustan Copper Limited, incorporated on November 9, 1967, is India’s sole copper ore-producing mining company and a vertically integrated producer of refined copper. It operates major mining complexes in Rajasthan, Jharkhand, and Madhya Pradesh, producing and selling refined copper and by-products.
India Cements
The India Cements Limited manufactures and markets cement products like Sankar Super Power, Coromandel King, and Raasi Gold. It produces specialty cements and allied products. With plants across India, its subsidiaries operate in sugar, power, financial services, trading, mining, and transportation sectors.
Indiamart Intermesh Ltd
IndiaMART InterMESH Limited is an India-based B2B marketplace connecting buyers and suppliers, serving SMEs, large enterprises, and individuals. It operates in Web and related Services, offering e-marketplace solutions, and Accounting Software Services, providing business accounting software. Key solutions include IM Leader, TrustSEAL, and IndiaMART Verified Exporter.
LIC Housing Finance Limited
LIC Housing Finance (LICHF) was founded in 1989 and is India’s largest housing finance firm, providing long-term loans for housing, construction, and renovation. It also finances clinics and office spaces. LICHF has 13 back offices, 181 marketing units, and operates in Dubai and Kuwait, serving over 1 million clients.
Manappuram Finance
Incorporated on July 31, 1992, Manappuram received its business commencement certificate that year. By 1999, the company diversified into consumer durables and two-wheeler finance. It reaffirmed MA ratings for its debenture programs in 2000. Mr. I Unnikrishnan became Managing Director in 2006, followed by Mr. Ashvin Chadda’s appointment in 2008.
Punjab National Bank
Punjab National Bank (PNB), established in 1895, is one of India’s oldest banks with over 35 million customers and extensive rural presence. It offers diverse financial services, maintains a strong capital adequacy ratio, and is set to enhance its technological capabilities and international reach.
RBL Bank
RBL Bank Limited is a private sector bank in India, offering services across five business verticals: Corporate Banking, Commercial Banking, Branch and Business Banking, Retail Assets, and Treasury Operations. It serves 12.91 million customers through 517 branches and 414 ATMs across 28 states and Union Territories.
Steel Authority of India
Steel Authority of India Limited (SAIL) is a leading Indian steel manufacturer with five integrated steel plants and three alloy steel plants across the country. It produces a wide range of products including blooms, billets, hot and cold rolled steel, pig iron, and coal chemicals.
Sun TV Network Ltd
Sun TV Network Limited is an Indian broadcaster operating TV channels in six languages and across various global regions. Its portfolio includes channels like Sun TV, Surya TV, and Gemini TV, along with FM radio stations in South India. The company also owns the IPL team Sunrisers Hyderabad and runs the OTT platform SUNNXT.
F&O Ban Stocks List – FAQs
An F&O ban works by restricting the initiation of new futures and options positions for specific stocks. Traders can only square off existing positions. This limitation is enforced when the market-wide position limit exceeds 95%, aiming to curb excessive speculation and maintain market stability.
The criteria for a ban list in F&O include stocks exceeding 95% of the market-wide position limit. This limit is calculated based on the total number of open interest positions. Once breached, new F&O positions cannot be initiated, but existing ones can be squared off.
Trading in F&O for a stock resumes once its open interest falls below 80% of the market-wide position limit. This reduction indicates decreased speculative activity, allowing the stock to exit the ban list, and new futures and options positions can be initiated again.
Stocks are banned in F&O to prevent excessive speculation and market manipulation. When open interest exceeds 95% of the market-wide position limit, trading restrictions are imposed to maintain market integrity, ensuring stability and protecting investors from potential volatility and systemic risks.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
