9 in 10 individual F&O traders made net losses (SEBI).Risk disclosures on derivatives: 9 out of 10 individual traders in equity F&O incurred net losses.Read more

9 out of 10 individual traders in equity Futures and Options Segment incurred net losses.
On an average, loss makers registered net trading loss close to ₹50,000.
Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
Those making net trading profits incurred between 15% to 50% of such profits as transaction cost.

Source: SEBI study dated January 25, 2023 on “Analysis of Profit and Loss of Individual Traders dealing in equity Futures and Options (F&O) Segment”, wherein aggregate level findings are based on annual Profit/Loss incurred by individual traders in equity F&O during FY 2021-22. SEBI’s latest study (August 2026) found that 87.7% of individual traders in equity derivatives made net losses in FY 2025-26.

F&O ban list9 Nov 2026

Key facts

For 9 Nov 2026, 1 stock is in the F&O ban period: KAYNES. BANDHANBNK, AMBUJACEM, MANAPPURAM are close to entering it.

In ban: 1
Likely entries: 3
Likely exits: 0
Watch (80%+): 2

As of 9 Nov 2026 · Source: exchange MWPL file, end of day

Stocks in the F&O ban

Only trades that reduce open positions are allowed in these names until they fall below the exit level.
Stock	MWPL used	Change	In ban since
KAYNES	84.5%	−0.6 pts	29 Oct 2026

Near the limit

Names at 80% of the market-wide position limit or more. "Likely" is a projection from today's level and its change, not an exchange notice.
Stock	MWPL used	Change
BANDHANBNK	88.7%	+0.3 pts
AMBUJACEM	87.5%	+0.6 pts
MANAPPURAM	87.3%	+1.8 pts
SAIL	84.1%	+1.3 pts
INOXWIND	82.2%	+0.8 pts

Open the futures and ban board →

Frequently asked questions

What is the F&O ban period?

A stock enters the ban when open interest across all its futures and options crosses 95% of its market-wide position limit (MWPL). While it is in the ban, no new F&O positions can be opened in it; only trades that reduce existing positions are allowed.

When does a stock come out of the F&O ban?

When its open interest falls below 80% of the MWPL at a day's close. It can then be traded normally from the next session.

Which stocks are in the F&O ban today?

For 9 Nov 2026: KAYNES.

Does a ban mean the stock will go up or down?

No. A ban is a limit on new positions, not a signal about direction. Spreads can widen and futures can drift from cash while positions unwind. Nothing on this page is a recommendation to buy or sell.

Not investment advice. Jivani Markets is a technology platform, not a SEBI-registered investment adviser or research analyst.

Derivatives are leveraged and can lose more than the premium or margin put in. Strategy results here are hypothetical. Past performance is not indicative of future results. Not investment advice. Jivani Markets is a technology platform, not a SEBI-registered investment adviser or research analyst.

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