Nifty & spot Nifty?

[nick721156]

Hi friends,

Can anyone please explain what is the difference between 'Nifty' and 'Spot Nifty' ?

Regards,

Raju

 

[bunny]

There is no difference. Both are same the S&P CNX NIFTY index, commonly called as NIFTY or NIFTY 50 in TV or newspapers.

The words actually come from futures. The spot means the value of the underlying. Example: If NIFTY is trading at 5000 and NIFTY futures are trading at 5003, then you can put it as "futures are trading at a premium of 3 points compared to the spot".

 

[nick721156]

There is no difference. Both are same the S&P CNX NIFTY index, commonly called as NIFTY or NIFTY 50 in TV or newspapers.

The words actually come from futures. The spot means the value of the underlying. Example: If NIFTY is trading at 5000 and NIFTY futures are trading at 5003, then you can put it as "futures are trading at a premium of 3 points compared to the spot".

Dear Bunny,

Thanks for the information. Many a times, I come across the word 'Spot' nifty; but, could not figure out. It will help me a lot. Thanks once again.

Regards,

Raju

 

[columbus]

Hi friends,

Can anyone please explain what is the difference between 'Nifty' and 'Spot Nifty' ?

Regards,

Raju

In any discussion if Nifty Futures are mentioned the word SPOT is added
to distinguish it from NIFTY FUTURES, otherwise SPOT NIFTY and NIFTY
are the same.

 

[nick721156]

In any discussion if Nifty Futures are mentioned the word SPOT is added
to distinguish it from NIFTY FUTURES, otherwise SPOT NIFTY and NIFTY
are the same.

Dear Columbus,

Thanks friend. Now it is very clear.

Regards,

Raju