Professional Documents
Culture Documents
Group 8questionier
Group 8questionier
NUMERICALS 1. On january 15, X bought a january nifty futures contract that cost him Rs. 5,38,000. For this he had to pay an initial margin of Rs.43,040 to his broker. Each nifty futures contract is for the spot price delivery of 200 nifities. On january 25, the index closed at 2,720. How much profit/loss did he make? 2. On january 15, X bought one january nifty futures contract that cost him Rs. 2,69,000. For this he had to pay an initial margin of Rs. 21,520 to his broker. Each nifty contract is for the delivery of 200 nifties. On january 25, the index closed at 1280. How much profit/loss did he make? 3. What is derivatives ? Difference between Forward & Future Market?