On 15 June X bought a June nifty futures contract that cost him Rs 538000. for this he had to pay an initial margin of Rs 43040 to his broker. each nifty futures contract is for the delivery of 200 Nifties. on June 25,the index closed at 2,720. so how much profit/loss did he make.
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On 15 June X bought a June nifty futures contract that cost him Rs 538000. for this he had to pay an initial margin of Rs 43040 to his broker. each nifty futures contract is for the delivery of 200 Nifties. on June 25,the index closed at 2,720. so how much profit/loss did he make. agbh
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