On 31/08/2023, Ganesh has taken a long position of two lots of Nifty future contract at 24,000 (one lot is 25 units). Initial margin required is 10% of contract value and Maintenance margin required is 80% of initial mar

Contract Size (₹ 24000 x 25 x 2) = ₹ 12,00,000 Initial Margin (10% of ₹ 12,00,000) = ₹ 1,20,000 Maintenance Margin (80% of ₹ 1,20,000) = ₹ 96,000 Statement showing the daily balances in Margin A/c and margin call if any, Day Change in Future price (Daily Change) Daily P&L Margin A/c Margin Call 31/08/2023 ₹ 120000 1,20,000 01/09/2023 (24,200 - 24,000) *25*2 (200*25*2) = ₹ 10000 1,30,000 02/09/2023 (23,900 - 24,200) *25*2 (-300*25*2) = -₹ 15000 1,15,000 03/09/2023 (23,300 - 23,900) *25*2 (-600*25*2) = -₹ 30000 1,20,000 35000 06/09/2023 (23,700 - 23,300) *25*2 (400*25*2) = ₹ 20000 1,40,000 07/09/2023 (23,600 - 23,700) *25*2 (-100*25*2) = -₹ 5000 1,35,000 On 03/09/2023, balance is less than maintenance margin i.e. (1,15,000 - 30,000), Margin call would be made to maintain the initial margin of ₹ 1,20,000. Thus, a margin call of ₹ 35,000 would be made.